The Shelby GT350 and GT500 are obvious examples, but we also need to include similar vehicles like the Boss 429 and Boss 302. Then there’s the 1968 R-Code 428 Cobra Jet, which was produced in limited numbers only. 1,044 pcs. All of these Mustangs are rare vintage cars with high prices today. Even if they have been stored in warehouses for decades. Which leads me to the red Mustang seen here.
Remember the 1968.5 R-Code Cobra Jet discovered by barn hunter Dennis Collins in LaGrange, Georgia in February 2022? If not, here’s a quick review: It’s a Tasca Ford that’s spent 28 years in the warehouse and has done just 15,937 miles (25,643 km) on the odometer. So why am I mentioning the Mustang that was noticed about a year ago? Because the car in question is the same R-Code that Collins saved about ten months ago.
Yes, that dusty old car has been cleaned, polished and repaired, and it is now up and running again. But don’t be fooled by the glitter paint; This Cobra Jet has not been remade. It still has the original Candy Apple Red overlay, but anyone who updated it has done a great job. On a closer look, you’ll see that this paint job is over 50 years old. It has some battle scars.
The inside is also good, with little wear and tear on the dashboard, door panels and seats. Things get much better thanks to a comprehensive overhaul of the 7.0-liter Cobra Jet V8 engine. It has been rebuilt and repainted, and it runs like new. It’s so clean, you can eat it clean.
The engine is mated to a 4-speed manual transmission and a heavy-duty rear end with 4.30 gears, making this Mustang ideal for weekends at the tow range. If this is the type of muscle vehicle you’re looking for, current owners are asking $125,000 for it. That’s right, the 1968 Mustang R-Code is now a six-figure classic, especially if it’s original and not repainted.
