Rare 69 Fastback Mach 1 428 R code found. Worth Purchasing?? - Vintage Mustang Forums
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post #1 of 14 (permalink) Old 09-19-2019, 02:16 PM Thread Starter
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Rare 69 Fastback Mach 1 428 R code found. Worth Purchasing??

Hello folks and thanks for this site. I love to work on all vintage cars and have worked on a 67 Fastback in the past. It was one of the funnest cars that I ever worked on. Recently I got a call from someone who had a friend that had a rare 69 Fastback with a 428 Cobra Jet Double R code Ram Air with triple black according to the Marti report which I do have a copy of. The problem I'm having is justifying spending 8k on it considering its condition. I'm including images which I know aren't the greatest. Even with its rarity I'm not sure there is any profit to be made as there is no longer an engine, transmission or hood not to mention the damage. I think it still has the original rear. Just wanted to ask you experts and I very much appreciate your input.
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post #2 of 14 (permalink) Old 09-19-2019, 02:45 PM
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The missing parts and damage can be replaced and fixed. The pettigree of the R code VIN cannot, only so many available. Maybe not something you want to get into, but at a fair price someone will want it.

What state you in?

1970 Mach 1 Coyote powered restomod in progress. Started 10/2016.
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post #3 of 14 (permalink) Old 09-19-2019, 02:57 PM
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I doubt it is a "money maker", but it would be a worthy car to restore for the sake of having one.
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post #4 of 14 (permalink) Old 09-19-2019, 03:11 PM
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About top dollar- would be hard to make a buck. As stated by others, it deserves a restoration, but = $$$$$

1970 428CJ Mach-1
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post #5 of 14 (permalink) Old 09-19-2019, 04:12 PM
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double R triple black, pretty funny. The inside of the RH door white, so its either its original color is white or the door came from another car. What is the VIN? It will tell the sorry. It will need a lot of sheet metal and with the engine, shaker and trans missing, it will be expensive to restore. Lots of parts pilfered off it too.

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post #6 of 14 (permalink) Old 09-19-2019, 04:46 PM
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R codes are not that rare. Inexpensive ones are extremely rare. A non-matching R code will not be a high dollar car.

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post #7 of 14 (permalink) Old 09-19-2019, 05:47 PM
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No expert but have owned a Q code 69 Mach 1 and lived the fix it up, drive it a bit and try and sell. It didn't end that well.

As a project car to bring it back to a cool driver, I say do it.

As an attempt to built a big money concours car , I say no. No original motor, no big money.
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post #8 of 14 (permalink) Old 09-19-2019, 09:05 PM
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That’s like having the setting for the Hope Diamond without the diamond. IMHO it’s worth no more than any other 69 Mach 1 fastback in similar condition.

1966 GT 2+2 - 347, Edelbrock carb, Tremec TKO 600 5 speed, 9” rear and a bunch of other cool stuff.

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post #9 of 14 (permalink) Old 09-19-2019, 09:38 PM
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Funny, check my thread in the non-Mustang forum, some seem to think that theres money to be made by the average guy flipping classics.

1965 Mustang Coupe 289/C4
1967 Mustang Coupe 200/C4
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post #10 of 14 (permalink) Old 09-19-2019, 10:08 PM
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Buy it, clean it up a bit, flip it for 10-12. That's about the best you could hope for. Otherwise, big $$$$ to bring back to shape.

I watched someone pickup a 68GT 302 fastback for 22K, cleaned it and THAT's ALL, sold it on eBay for 33. Not bad for few hours work.
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post #11 of 14 (permalink) Old 09-20-2019, 08:48 AM
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Ok a few things. How is a mustang fastback triple black? Usually triple black is convert statement: paint, top and trim. I assume double R is engine and rearend. R rear end is not anything special. The car will need a lot of work and missing some pricy stuff. Biggest selling parts it is a R engine code car and it is black. Other concern brought up is the white door. Also, looks like there is some white peaking thru the paint but that could just be the picture. Don't know your skill level but this is not a cheap car to work on. Make sure the cars dash vin is the number on title and ect.

Current piles of rust 1965: New yorker***1968: GTO convert, Lemans convert Porche 911***1969: MustangGT convert, Mach1 S code Mach1, Mach1 CobraJet R code GTO convert, Firbird Convert 1970 Boss 302***1972: Charger***1999:f250 CNG truck***2011:nissan Altima ---> I need to get rid of some of this junk lol
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post #12 of 14 (permalink) Old 09-20-2019, 09:54 AM
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That's my favorite type of old Mustang project car (assuming he's got some proof of ownership and the provenance is not scary). It may be untouched since the factory! Believe it or not, the price is relatively low for its condition and pedigree. I see folks asking $16 an up for much worse 69 fastbacks. They never sell of course, but they still try. I'd buy that car at $8K in a hearbeat even if it was a straight six engine. It's a fastback, the body panels look straight, the fiddly exterior trim parts look to be present, the seats are present, the glass is present, and so forth. Rust can be fixed and mechanicals can be replaced. If you're up for a DIY, multi-year, full rotisserie restoration, I say go for it. But like everyone above says, don't think you can hand this car off to a "professional" restoration shop and remotely break even. You'll likely spend over twice the car's final market value paying for "pros" to restore the car. This is an ideal parent/kid bonding project, which is the heart of our hobby.

Move along. Nothing to see here.
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post #13 of 14 (permalink) Old 09-23-2019, 11:19 PM
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I think a double R means A San Jose built R code Mustang.
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post #14 of 14 (permalink) Old 09-24-2019, 02:17 AM
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$8k? That would sell for double around here.

1969 Convertible field find (450hp spaghetti noodle)
1968 Fastback (428 and a 4 speed)


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