Greetings everyone.
After enjoying this site for many months I have just decided to join it as I am very impressed with how intelligent people are in this group, thank you all for that!
At the moment my wife and I own a 2008 Vista Blue GT/CS and, after many Mustangs, (66 K code fastback/70 Boss 302/65 A code fastback/65 C code fastback and a 68 coupe way back when), I am now setting my sites on a 68 GT/CS. First of all "Don" your posting 2 up from this one is about the most intelligent thing that I have heard about classic car restoration in a long time. The cost of restoration will continue to soar, no doubt about it. Add to that the hassle of dealing with restoration shops and all the things that go with it, (delays, cost overruns, poor workmanship, etc).
According to this site, this car, a Seafoam Green low option car has been sitting in a field since at least 2003. It has been modified with sidepipes, and parts from other cars that were not options originally on this vehicle. It has the wrong engine and the wrong rear end in it as well and apparently the 302 in the "shed" is not the numbers matching engine. No matter how nicely your restore this car, it will never have the correct motor, period. IMHO this car is $25,000 away from being decent, add that to the $11,000 or so cost of buying it and you are into it for $35ish. I doubt you'd ever recover your money for a low option 68 GT/CS in Seafoam Green, (J code or not), with the wrong engine. Classic cars prices are on the rise, but they had better be original if you want top $.