1964 Coupe 365 HP Frame Off Restored

[Richard S.]

Going to see (and hopefully buy) a 64 coupe fresh frame off concourse restoration. The car is a two owner car (not well documented) with 365 HP with P/S (not sure what else for options yet).

Been struggling how to value the care since 64's are the least desirable of the mid-years. Car is Silver with black interior and was professionally concourse restored so the restoration is outstanding.

Again having a hard time valuing the car since.... (ready for this) the second owner that had it recently restored changed the color from Saddle Tan to Satin Silver.... because he did not like the "Gold" color. Everything else is correct on the car.

The question is what is the value if it had the right color and how much do you deduct for the color change??

I will be the first person to see the car and make an offer which the owner is open too.

Any input and guidance on this is appreciated.

Thanks......

[Mike E.]

Re: 1964 Coupe 365 HP Frame Off Restored

Going to see (and hopefully buy) a 64 coupe fresh frame off concourse restoration. The car is a two owner car (not well documented) with 365 HP with P/S (not sure what else for options yet).

Richard,
I don't believe a true 365HP car with the correct oil pan cannot be equipped with power steering. The profile of the 6qt. "trap door" oil pan did not have enough clearance to install the power steering ram.

I realize this is a small item but puts up a flag to check the engine pretty thoroughly to make sure most of the parts on the engine are the ones the car was born with.

Mike

[Richard S.]

Re: 1964 Coupe 365 HP Frame Off Restored

Great point Mike... I cant swear it had P/S but thought I seen it when I glanced at it but not 100% on that.

I was looking at some other cars he had for sale so did not concentrate on it but then it came for sale the next week.

Any opinion on values?

Thanks....

[Tracy C.]

Re: 1964 Coupe 365 HP Frame Off Restored

Mike is correct on the oil pan.

For me, a color change would devalue the car at least $10K and that is because I do my own paint and body work. If you pay a shop, you could double that number easily. If the trim tag was changed, this would disqualify the car from being judged and the car would branded as a counterfeit.

That brand would never go away for a trim tag change.

A "concourse restoration" implies the car is over restored. I would take someone with you that understands the judging process if that is your intent with the car.

As far as the 64 stigma, forget that noise. They are great cars.

tc

[Richard S.]

Re: 1964 Coupe 365 HP Frame Off Restored

Thanks Tracy....great input.

I am using concourse restored but will verify the level of restoration when I really get into it. Definitely not NCRS since he changed the color of it however it is extremely nicely done.

Less than 100 miles on it since restored.

Is the car worth 60K or in your opinion is that considered overpaying for it?

[Michael J.]

Re: 1964 Coupe 365 HP Frame Off Restored

If the trim tag is original and not changed, but shows the wrong color, you will lose 100% of the originality for body color, or 85 points. If the paint is not TFP type for gloss, finish, application method, metal flake, etc., you will lose more in the body paint section, maybe up to another 45 points for originality. Repainting these cars properly is very expensive (easily 10-15K), and I would agree on having someone look at the car with you who knows how the judging works and what is typical factory production. "64s are great cars, and the fact they are usually cheaper than other C2s, all else equal, is a plus. On value, condition and originality are key, but show an average value of $45-$55K. But, if the person spent lots of money restoring the car completely, he probably spent that much or more, and if much of it is not typical factory production and has altered items, it will not judge well at all but may be a great driver, depends on what you want. Good luck.

[Richard S.]

Re: 1964 Coupe 365 HP Frame Off Restored

Just to clarify, the car has P/B not P/S as that was a typo on my part... No P/S on the car...

[Richard S.]

Re: 1964 Coupe 365 HP Frame Off Restored

Thanks Mike. Car has the original tag present and not tampered with. Owner states he as 75K into the car.

What is a professional frame off restoration going for these days! 60-90K?

[Michael J.]

Re: 1964 Coupe 365 HP Frame Off Restored

Thanks Mike. Car has the original tag present and not tampered with. Owner states he as 75K into the car.

What is a professional frame off restoration going for these days! 60-90K?

It depends on the car and what type parts were used to restore it. If NOS and restored originals are used, I have seen some that run $100K+. Restoring original parts is very expensive, especially original assembly line parts, and all the correct finishes and plating are pricy to replicate.

[Larry M.]

Re: 1964 Coupe 365 HP Frame Off Restored

Thanks Mike. Car has the original tag present and not tampered with. Owner states he as 75K into the car.

What is a professional frame off restoration going for these days! 60-90K?

Professional restorations costs are easily on the high end of your range. Probably more for many cars. You won't get as much as you think for $60K in a professional shop. It may be a good number if you do much of the work yourself.

Here is a link from the Hagerty Insurance Value Guide. Some feel this guide is not that great/accurate, but it may help you in your decision. In general, I find the Hagerty Guide for mid-year Corvettes to be high for Category 1 and Category 2 cars, but pretty close for the other (lower) categories. But this is just my opinion...............others may/will also weigh in on this.

https://www.hagerty.com/apps/valuati...vette?id=70476

[Michael J.]

http://www.collectorcarmarket.com/collector-car/prices/1964-chevrolet-corvette-value.html

[Mike E.]

Re: 1964 Coupe 365 HP Frame Off Restored

Those values are a little goofy in some respects. Add 15% for a tanker?....Let me know where you can find a big tank car for 15% more then a standard tank car and I'll buy it! I've also never noticed the coupes to be significantly less than a convertible. I've always thought coupes to bring a slight premium, perhaps that is no longer true.


Mike.

[Michael J.]

Re: 1964 Coupe 365 HP Frame Off Restored

Those values are a little goofy in some respects. Add 15% for a tanker?....Let me know where you can find a big tank car for 15% more then a standard tank car and I'll buy it! I've also never noticed the coupes to be significantly less than a convertible. I've always thought coupes to bring a slight premium, perhaps that is no longer true.


Mike.

Depends on the tanker, if it is an FI tanker, it is different than a 250HP one. And I have always found C2 'verts having a higher price than coupes, and all the price guides show that, except of course for a '63 SWC is worth more than a '63 'vert.

[Richard S.]

Re: 1964 Coupe 365 HP Frame Off Restored

The car has original drive train per the owner and soon to be verified by myself and the restorer... Also stated is the car has been restored with NOS or redone originals...this is why am having a hard time valuing the car. I have looked at many NOM and original 63, 64 & 67's and have a good feel for the 1-4 ranking of the cars. This 64 is far and away above any of them...if it had the original color it's a no brainer...The color change really makes it a tough decision....

[Richard S.]

Re: 1964 Coupe 365 HP Frame Off Restored

I did look at the Hagerty values guide and the car fits into the category 1 except for the original paint color. if you deduct 20k for wrong color, you get into the low 60's which is what I can get the car for. Based on what I have seen thus far, there is no way you can get a fresh frame off mid year any where in the 50's.

Some guys advertise cars as frame off but don't do a nut and bolt restoration, just the basics to call it a frame off like this one http://www.ebay.com/itm/252209531067...%3AMEBIDX%3AIT


or this on for 69K:

http://www.ebay.com/itm/301830724278?_trksid=p2055119.m1438.l2649&ssPageName=STRK%3AMEBIDX%3AIT

...This car is far better from what I have see thus far and the owner says it took 75K to restore. Although he appears to be upside down I am trying not to be should I decide to buy it.

If it had the correct color on it as mentioned before its a no brainer in the low 60's...