1968 Shelby GT500-KR Garage Find & Appraisal That Buyer Uses to Pay Baby Boomer – Price Revealed

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So... but it's not rusty is it? Is it rusty? You didn't  really just say that, did you ?   I got a message about an old Shelby for sale. Not really a barn find.  Maintained for years by one owner. i thought if i could get these people a  fair price and get somebody their dream car.   Could be a Hollywood ending. Jeff? Oh my god...  oh!! This is Jeff's dream car. He's been wanting   a Shelby 30-40 years. This baby boomer is not  a collector and needs help to set a fair price.   Shelby restorer Jeff Yergovich will do that.  But it's got the correct hood. It's got the   correct plenum. I got it in 1983. We decided.  Right? Hello, how are you? Good, how are you? And we're getting older and it's just time. Our  kids aren't interested in them. Jeff and Lezlee   arrive to buy a Shelby. They meet Curtis and Kate.  Our grandchildren are too little to be interested.   Hello, I'm Lezlee. Very nice to meet you. Good  to see you guys. Will this old Shelby start and   run? I like it here. It's very nice.... That's  all right... I'm Lezlee , very nice to meet you.   Jeff Krueger. Nice to meet you, Kate. How  are you? I'm good. And I'm Jeff Yergovich.   I recognize the face. From our '67 Shelby  barn find video. You know my phone's still   ringing off the hook after 10 million views.  The buyer paid Jeff's appraisal of this '67. Will our buyer do that? With this '68? I mean I'm still not wanting to get rid of it, but I'm getting rid of it same for Curtis.   He's gonna sell. Bought his classic muscle  car in '79, but first the Shelby and what so   many people are after - a driver meaning you  don't have to pay for a restored show car. Acapulco Blue, one of the most popular  colors. A GT-500 KR. Did you hear that 4-speed? Ram air hood scoop. I'm about ready to cry. I'm not kidding you. I want it to go to somebody who who knows  what it is, number one, but most of all   enjoys it and doesn't stick it in a showroom  somewhere. This is incredible. Incredible?   What about the combat veteran, double lung  transplant ,weak, he said he couldn't afford a   restoration and you replied, "who said i was gonna  charge you?" He could find Mustang parts on his   computer so that was the trade out. Your motto for  this build - Friends Prevail. Buy this, restore your   own fastback, a Shelby.We'd like to see that  dream come true for you or anybody else with   a heart that big. Were you watching him when that  car came out of the garage? Yes, I was like this   is the best car he's ever seen. This is his dream  car, and I could see it on his face, and it gave me   the chills and goosebumps to see him so happy  to finally see the car that is his dream car. He deserves it. He's a good husband-  Car wife - He's a good man. Good life. Yeah, my saying is Car Life, Car Wife.   Test drives are certainly not the norm anymore, but  everybody seemed to be getting along really well.  What could go wrong? Yeah, but I do have  to say you have to put your seat belt on. I, uh, it's a .... DId you need some help? I'll tell you ,you  know it's always fun with the five points. So, and that clutch yeah it's that 4-speed . There's a bushing up under the dash that's bad or   completely worn out. These should sit about like  this. Which is why as you age - yeah yeah that that knee feels so good on things huh yeah wow I love  the tilt steering. This button here is for the   tilt-away steering wheel and it's broken off - That  makes the steering wheel fly. It's a tilt fly-away   wheel. This is the tilt and it will flip to the side  when you open the door. This is the hose for the   tilt steering wheel and it's a, it's a gennie  hose. Obviously the vacuum lines on this car   are not hooked up properly. This is not even  hooked up to anything. It's just there for looks.  We can have our drive together. Wow I'm driving the  KR 500. Here we go. So when you re-did the motor? It  was just kind of getting a little tired... leaking  kind of? It was it was kind of a little tired. A friend of ours has... an auto machine shop. Now  if you wreck it you're still buying it. Kind of like that. Kind of like the department store you break it  you buy it. You break it you buy it. You break it you buy it. Not a moment too soon. This is real!! It gets into - Brake fade, hold on baby. Yep you're always doing it. Whoo, okay, it died on me, that's why  it had brake fade. Okay what are we doing here   So it stopped? Yeah I lost brakes   I mean - let me make sure real quick. Yeah, absolutely. Got brakes? Whoo, uh. It's ... Let's check the reservoir. Let's let's   Let's gingerly go back. How about that? You okay with that? Yeah I'm good with that... okay. We lost brakes, scared the __ out of me. What are  you doing under there? I'm trying to see   if there's a bunch of brake fluid under there.  You tell Jerry you change the brakes on this   car? I'll take his heart rate right now. What do you think, Kate? Oh man. Needless to say, we came up to the stop sign at the end of the road  and uh whoa there was nothing there so yowie. So, one, two test. Are we live? The Shelby  maestro. Can you hear me? Downstage right center. At R&A Motorsports, Jeff restores Shelby's. Put  a mic in his hands? "You know it's all it's like,"   and he becomes a lounge act. The first time I...  You're the camera man, you're supposed to be on top of this   Okay Jeff, take it away. So, anyway so yeah  I look at the car and have the car tell me   the story and then sometimes I feel bad for  people, but it is what it is when I see it so. Everybody can watch and ask questions. This part  right here doesn't match. It's not laid up. You   mean your originals were laid up? These were, these  were to be all smooth. I want the person to know   what they're getting, and I want to know what I have  so I'm glad Jeff came out. That's really handy  . First is this a Shelby ? Well looking at the  VIN tag that's up here. We do have a real   VIN tag for a Shelby. This would be the Ford  number and then the consecutive production   number for the Shelby. We need to check the  door tag and see if that matches the vehicle   And in this case it looks like somebody's  added an overlay on here that has the   Shelby VIN number on it for some reason.  Of course, we'd already verified identity   with a Marti Report. Kevin Marti licenses the Ford  database showing the complete makeup of the car. There's another I.D. tag to this car that goes right  here where this screw hole is. It's called the buck   tag and cars that came out of the Metuchen plant  all had the buck tag. Well there's a screw hole for   it that's - it actually had a phillips-headed screw  that held it down. It's a metal tag about so big.   Somebody's taken it off. It's probably sitting  in the top of somebody's toolbox when they fixed  the car. So what's a KR? A GT-500 with a 428 Cobra  Jet. When Ford brought out their 428 Cobra Jet in the spring of 1968 in the GT Mustang, Shelby  got this engine too and upgraded the name to   King of the Road, in fastback and convertible. And  every one had a roll bar. KR's have the air -the   the ram air for the air cleaner but it's obviously  somebody's cut it off and the rivets are gone off   of it, called daisy rivets. It's like a red special  sealer that glued the plenum down to the bottom   of the hood and somebody's just put in there  what they could to hold it because the rivets   aren't holding it. It's had locking hood pins  put on it, so somebody's taken off the original   zeus clip they call that, that held the  original style hood pin. Grille looks original. It's definitely an air conditioning car, and  this has probably not been out because it's   the hood. The horns disconnected here, which  is uh not a big deal, may or may not work. A/C  condenser is leaking a little bit. You can  see oil on the front of it the front end.   Fiberglass is missing - it's missing two pieces  right here. There's a tab on this fiberglass that sticks down and there's a metal piece that comes out  to here that supports this to keep it from cracking   and bouncing. Should be one on both sides. Those are  both missing. Fiberglass on the bottom side of the -  what we call the "letter panel" is smooth, which it  should be. The headlight buckets I can see in here   are both smooth, both sides. The lower valance though, the part that's below the bumper we call that, uh, so this and this are the  same part. It's been replaced. Should be a little clip right here in the  center of this. As seen on this restored '68.  It connects these two moldings - it's missing. The other Jeff asked about the bumper. It's missing   the side brackets, and those are actually pretty  important brackets because when you're driving   see how this flops? It will literally loosen  the bumpers and they'll fall off eventually.   That's an original Lucas fog light. It says England  at the bottom. If you notice on the other one,  it's been replaced. It does not say England on  the bottom of it. This is a later style. Notice   the lines in the glass are different than  the lines in the glass on the other side.   This particular headlight - the right  headlight - this is a General Electric headlight.  Uh, the plant that these cars came  out of was supplied by Tonsil.  And it should have a TS and a circle down here  with a FoMoCo script in the light that would   be an original headlight. We can check and look  on the left side and see if it's correct or not.  This side's a Westinghouse, so it's been replaced. So, out of the four headlights in the front of it   we've got one original. Jeff knows a lot more than  i do about these cars. Curtis was taking no offense.  It's good that people that buy it know  what they're getting and I want to be   sure they understand and I understand. You  know we sell it that this is what the car is, so. When - when we sell the car - and Kate had the same  great attitude - we want somebody to be happy with   what they buy. We bought it not knowing anything  about it just, just it was a fun car. We don't know   what's original, we don't know what's not. And I  don't want somebody to buy this and get it home   and go, "oh well wait this is not original. Oh and  that's not original and that's not the way it was,"   and then they're not happy then I feel bad  and I'm not happy. And so I want somebody to   buy this that sees it as it is, knows about  it and takes it as it is. There was a rubber   piece - a flap that was on top of the radiator  support and they were installed two or three   different ways. A lot of times they stapled  them on here and you can see the staple   holes. This one's stapled on this restored KR.  The radiator has definitely been replaced. Uh, it should have part numbers on the side of it  here. The fan shroud is original but it's been   broken really bad at some point. You can see where  it's got a fiberglass repair on the top of it and   I would assume it's probably fiberglass repaired  on the bottom - was probably broken in half at one time   Air conditioner's got some nice  original parts. The lines are original.   Coming through the front, it is missing a foam  seal is what it is on the radiator support. The   air conditioning compressor has been replaced.  It's missing the tag. On a KR it had a special   air conditioning compressor which carried a  special ZX part number and so did the clutch   itself. It had a special number. Taking a  close look at some of the smog stuff. The   hoses and the clamps are not correct. This is  this is an original KR what we call a snorkel.  It's missing what they call the S-tube that comes  down in the Heat Shield that goes down across the   exhaust manifold. But this is KR only - Worth  about a thousand dollars - where the S-tube and   heat shield or Cobra Jet so a lot of Cobra Jets. S-  tube 300 ($) heat shield 600 ($). We're going to take the   air cleaner lid off and take a peek. Carburetor  is a '69 carburetor for a manual transmission. These carburetors were unique for the KR. This  would be - let's see this would be a 9510-AA. Two to three grand and very hard to find Valve  covers actually should have you black wrinkle   paint with the tops being shiny. Somebody's  pulled these off and polished them. Smog pulley   is not the correct pulley. The pump is correct. Should be a clip right here holding this linkage   on because if not it just falls off like this  when you're driving. Turn that off for a minute. Tire blow out? Apparently Jeff found some damage. And a guy who  bought this Shelby for his son for graduation   present -and his son - Kate had already explained  when we all first walked in the garage, Proceeded   to get like just about every ticket you could get  and smacked it into a tree and did all kinds of   fun things with it, and he decided it was time  to go, and I bought it for what did we decide? It   was like 8 thousand dollars. Been damaged in the front  here. It's showing signs of it. This fender's   been replaced with an aftermarket fender and  there's damage to the the hood hinge apron   underneath the hood hinge. I think that's our  front end damage because our core support's good. Yeah - okay but but I think it might have got  hit in the wheel. We're gonna take a look at the   outside here a little bit. We're going to start - like the back side of the hood would normally have   a black what they call blackout stripe inside of  this area right here, stops reflection coming into   the driver and the passenger. Car's obviously been  repainted and the stripes not been put back on it. The cowl itself as I look across that there's a  dent here and then there's some damage to the fins.   That's a fairly easy fix with  a hook. Side here has got some,   a little bit of chipping and damage in here. I'm  going to assume that's from the aftermarket fender   not being able to fit correctly and maybe  also a worn-out door hinge. This is a '69 snake.   In '68 and a half the KR's had a very unique  snake that looked like a piece of jewelry. This   snake should be in front of the Cobra Jet here - should be sitting to that direction and not to   the back side, so it's just a mis-position of that. Yeah, this this would be set up correctly where   the Cobra Jet sits inside the snake. On a KR these  letters are not as bold as what you see here. We   have a little bit of bubbling rust showing on the  door panel, the outer skin part. the inner structure   is fine, but as I go down the side of it, also I  noticed not only are we missing two screws on   the side scoop, but the side scoop is an  aftermarket replacement scoop because of the style   of the fiberglass inside. So this scoop has been  damaged and knocked off and it's been replaced   with an aftermarket one. The upper scoop as you can  see inside it. It's a real smooth surface and this   is the original side scoop up above here. And the  antenna is not correct. It should have a a standard   antenna on the back of it. It's been bumped in the  rear. It's missing the rear bumper guards uh   You can see the bumpers up against the fiberglass  taillight panel. The gas lid - looking at this   hits on the bumper a little bit. It's just the  position of the bumper. The bezels and the lenses   all look correct although both of the lenses are  have been off, and the way i know that if you look   where it says FoMoCo it's upside down. The wheels  are just an aftermarket wheel - it's not -these cars   all came with 15x6 steel wheels and hubcaps. You  can just tell by looking at the paint that it's   had a complete paint job put on it at  some point in its life. You can look and   see the paint overspray on weatherstrips, and this  weatherstrip's an original. It's hard as a rock. You   know the side scoops they're smooth fiberglass.  That's original. This is an original scoop   It's missing a couple screws holding it  on. Looks like somebody had it off when the   car got painted. Wheel opening moldings are  correct for the car but they've been off. What are you looking for Jeff? A couple  things - if it's a real 4-speed car it'll have   the shock tower bracket, which i can see right  across here, which has staggered rear shocks on a   4-speed car. The right shock is in front of the  rear axle. The left shock is behind the rear axle .  Here's your axle - there's a shock - it's behind. The  rear quarters have been replaced on the passenger   side. Where are the spot welds? Can you point them  out? That rough stuff up there? No, go down the quarter.   Okay. Up where it's not undercoated. Up in here. Look  here - see, look down the quarter panel up, up down   in here and you can see where the spot welds are - on the rusty spots you'll see little spots on it. This might make it easier for you here. Tell you what, here's a seam right here. It runs down here. Yeah.  That's where this quarter's been replaced -and up  here it's had a little patch put right here on the   wheel house. Gas tanks, every one i've seen that's  like this it's a painted gas tank -last couple   months and then they rust out again. And the mat's  gone. Trunk has had some paintwork done on it. These   caps right here should be black with the  sealer there and then the body color on the   actual rear body panel itself. It's been  hit right here in the rear right about here   now it doesn't show so much on the bumper but  inside nothing severe but these cars were not   built like a tank so it didn't take much when  somebody ran into them to cause a little damage. So we've got some rust pitting going on on all the  handles in the chrome. It's chrome, it's all rust-  pitted. The mirror is missing the knob on it here.  Looking at the carpet I can tell just by flipping   that back up and looking at the stitching  that this car still has the original carpet.  Seats? These are you know, this car's been  sitting here in the winter. It's showing some   mold and stuff on the seats. It's mold, This  is what this is. This is mold down here. You see it? Seat belts still to be, appear to be original  with the the tags are all still the Shelby tags   on them. Fold down rear seat appears to all  be there. Somebody's added an overhead console   to this. We've had some visitors up in  the attic. These visitors may travel. Looking at the interior everything appears to  be original. It's not really been torn apart.  It's an air conditioning car, so it's here  the gauges all appear to be correct with 140 MPH speedometer - 89,508 - to the 8000 rpm tach. The radio  itself is missing two of the rear knobs behind.  The shifter is correct, but we're missing  the chrome ring that went around the console. The shift plates typical to a KR. Here's the  broken knob off of, off of - the mirror . All the dash pieces are original, again we're  missing that trim piece around the button   on the glove box. To access the pit to look  under the Shelby, Curtis had to move his 1969   Mustang Mach 1. I fixed it up over the summer  '79 and started driving it to college. Yeah I   saw it at that body shop and said yeah i gotta  have that, and when they said it was 600 dollars I said okay Oh, you're too far forward This flexible snake camera was to help us find  matching engine numbers. There's numbers on the   engine. There's numbers on the on the transmission. Both of them? Both of them, in '68. And if you remember   when we did the 67, the serial number was right  here on the bottom of the transmission where   we could take a great picture of it. In  '68 they put the serial number on the top,   top ear of the transmission.And we can't get  in there far enough to see if it's up there.  Not with a mirror and not with this scope with  a camera on the end. This won't go to the top of   the transmission. It's got to turn straight down.  There's not enough room between the tunnel and   here to turn it straight down to look. A lot  of times they're out where you can see them,   but i've seen them scattered throughout on top  of the transmission. And the matching numbers on   the engine? On a Cobra Jet car, it's going to be on  the back of the left head. But, if the motor's been   rebuilt and they put the heads left to right,  which they can do, it'll be on the right front   of the head - behind the smog pump. It's not there? We  can't find it on either side. As we looked earlier   above we knew that there was some kind of damage  to the left front suspension. This rod is replaced   with a later version of a strut rod. In '68, the  strut rods not only had a locking nut on the outer   part here, they also had a safety lock nut like the  right side, which this is correct for a '68. A KR  has a couple unique things that are KR only. One of them being that this particular bracket is   the sway bar mount bracket. It has a curved piece  on each end of it, which indicates that it's   a Competition Suspension car. All the cars with  Competition Suspension car had that little leg that   hung out to keep that bushing from coming out, but  on a KR they added a flat plate between the frame   and the bracket in between, and that's unique to  a KR. This car has an oil cooler on it. KR's did   with air. This is a unique bracket for the oil  cooler it goes on the oil adapter plate first.  Then, this has an oil line going out to the oil  cooler up front by the bumper and returning back   here, and the oil filter hangs down a little bit  lower. Because the oil filter hung down a little   bit lower, Ford used a Fram air oil filter on them  that was a little bit shorter so it didn't hang   down and catch things on the road. It's got  some repairs to the right torque box where   it's had some plates welded in here. See  the big hole in the back of the torque box   there where there's nothing there? Uh huh. That's gone.  That's what somebody did not put in the car   when it came time to fix it. Is that  a hole in the floorboard there? Yes, a hole in the floorboard. There's also another big hole right here in  the floorboard. This is gone. This is all gone. So, but it's not rusty. Is it? It's not rusty? You didn't  really just say that did you? i would call that a rust hole what do you think, Jerry? Yeah, but the floorboard doesn't need replaced   right or does it? Parts of it do. You know  the muffler is rusty. It needs to be replaced, And then above the rear axle up  here, can you see that over there? There is a spot where there's two holes up in the  floor. That's what I thought. Yeah okay that's where   the air shock lines went up into the trunk so you  could air the rear shocks up. Now it doesn't have   air shocks in it anymore and the holes are still  there. Rear end - It's a 9-inch original and looking at the   tag, which i've looked at, which is right here, it  has a C8ZX on it, which is correct for this vehicle.  All right let's see what you see. i wiped  it off with my gloves. Okay. The rear springs   have been replaced. And normally on a  spring this would come straight out. These have a curve upward. So the original leaf  springs are unique to the car with a part number   because the car had Competition Suspension. That's  a key piece for a Shelby to have. When you guys sat   right there and said 'oh my god we did the springs  we had no idea.' Uh huh. We didn't know because when we bought   it, it sat funny. It's supposed to sit funny! Well, I  knew it was, but it was uncomfortable driving I'm   shorter, so when I sit in that front seat and it's  sitting like this? I can't see out of it. You know, and I can't drive it and I'm driving, it you know - I'm driving it, it's a - There's a picture... I got to be able to see. If you're 5'5" and you're sitting in  that seat you can't you can't see over the hood. It's the Competition Suspension. Whereby the car sits lower in the back.   I had no idea that some of the things that we  did even detracted from the value of this car   because to me it was never a collector car it was  a fun car. The problem with me telling you what I think it's worth today is kind of moot because  there's always, there's always somebody out there   that don't care and they'll just go overpay for  it. Oh, I found the car I'll go give whatever. Guys   like him he's he wants to keep this car. This is  the dream car, this is the car we've always wanted. t needs about thirty, thirty five thousand dollars worth of  sheet metal work.  Every KR I go look at the snorkels gone off the air cleaner and this one's  got it. The starter delay that it's missing it's   like a piece that makes it a KR. Half of the  starter delay sticks out inside the neck of this   hangs out over the starter solenoid and half of  it sticks in the nose of the air cleaner snorkel   It's $2200 for a starter delay - wow - and  it's not there you know so a guy that doesn't know a lot that goes oh you know it  looks like a really good deal and then you start   going and start adding the parts up and all of a  sudden you're 20 to 30 grand in parts and 30 grand in   sheet metal work now you've done the sheet metal  work you got to paint it again and paint's not   cheap. That's kind of my evaluation. I believe the car is somewhere between 68 to 72. No this is why we didn't go to the auction We've  wanted to know you know exactly what it was.   What could that car do at auction? I'm saying 68 to 72 and you  take it to an auction and it brings 70. Now they're   going to take 10% of that. What I meant was you  know the people that were going to do it they knew   nothing and I was afraid that it would go and  it wasn't what we thought. And once again we, we, I don't we don't we don't want it for cheap, we want to, we're  here because we we think this is the fair way to   do things. You know it's, everybody knows exactly  what we're getting into, as we talked earlier.  There's you know I don't call you six months  from now ago and go, did you realize the quarters... Okay my name is Blue. Our business enterprise,  our LLC, is Beautiful & Blue Enterprises. And my wedding ring is a blue  sapphire. And we just bought a blue KR   for 68,000 plus -"when I'm done with the car I will pay for you to fly into wherever that's at.   At that time if that's New Braunfels or Lubbock, Texas, and you can come for the grand unveiling. So, I'll sweeten the deal." I'm okay with that. Are you? I'm okay with that. And what happened with the Mach  1? Curtis did want to sell it. You have a forty six thousand dollar offer on your  '69 at this second in time. Do we need to, uh, give you hugs ? I don't want to make a decision right now, but. Sleep on it for? it's been a big day it's been a  little emotional. It's been a big day.   You going to open it up  for me. Let's see how fun it is. Smog system removed. Here's one stock with  smog equipped with various speed parts. This   is a Restomod. You've got the MSD coil Blaster.  You have the MSD distributor, aluminum Edelbrock   intake. Valve covers look correct for the  vehicle, shaker hood scoop assembly on it.  Replacement tag here probably because it's a color  change car. Again, this '69 made them at the Metuchen assembly plant, 02 is '69 fastback Mach 1, "R" meaning  that it is a shaker hood scoop car. This door's had   a lot of work to it. It's got a lot of bondo in it.  There's no seams or anything down here where you   can see where the skin wraps around, so could have  been that it had rust and it's gotten fixed up.  Vehicle typically on a Mach 1 you would have  a side stripe that would run from down here   all the way down the side of the vehicle and  say Mach 1 right here. If you could pick one thing - "I love this?" I always like this '69 body style,  just like the way it looks   Yeah, i didn't like the '70s because they lost those  four lights - lost the four lights- and it lost the   scoop on the back - scoop yeah - even on a  Restomod you'd like to see that the pinch welds   down here at the very bottom are painted  black - gives the car a little bit more depth.   There was a guy that re-did the body and did the  paint. I did the interior and then put it all back   together and that's what we have. You know I love  how, you know the shaker shakes in these cars.   You like see that move when you stomp on it.? Yes  it's uh got uh replacement seats in it. This is   stamped on a machine to look like  ComfortWeave, but it doesn't breathe.  It's got one of the newer aftermarket rim blow steering  wheels. This steering wheel is when you push this   rubber insert here in the middle, the horns honk . It's got a new replacement horn pad on it. I  used to go out when I was kid and chase Camaros. I like that exhaust. Yeah, I love it. Back  looks good - got the typical little twice pipes I   call them that is typical of a '69 Mach 1. Typical  knob here that's a '68, early '69 style knob. This   is a deluxe interior car but this should have  chrome rings around the seat belt and not black Trunk looks nice, presentable. It's  got a rubber style mat. It's all   painted up. It has no fold down seat. Eventually , everything changes and things go so you know. I've been friends with this guy for 41  years. Final price to Jeff's friend next day - $48,000 you
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Channel: Jerry Heasley
Views: 880,806
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Length: 33min 30sec (2010 seconds)
Published: Fri Jun 04 2021
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