A 1969 Shelby Mustang GT500 fastback is currently on offer at Bring A Trailer. What makes this Mustang stand out is that it comes from a 33-year long ownership with only three owners to date.
The example was delivered new to Reynolds Motors in Syracuse, New York. In May 1988, the current consigner took ownership.
This Mustang had just recently come out of a nine-year refurbishment which ended in 2021. The work included repairing the rust in the rear of the body where they used panels coming from a 1970 Mustang Mach 1, replacement of the taillight panels, glass, and doors. They also brought the Mustang back to its former glory, giving it back its factory Acapulco Blue finish with white side stripes.
Other exterior features include rear window louvers, integrated rear spoiler, three NACA hood ducts, Shelby badging, quarter-panel scoops, central square exhaust outlets, and chrome trim.
This Mustang sits on five-spoke 15-inch alloy wheels with Cobra-branded center caps wrapped in 215/65 front and 255/60 rear BFGoodrich Radial T/A white letter tires. It is also equipped KYB shocks, power steering, power-assisted front disc, and rear drum brakes.
The refurbishment also overhauled the braking and suspension system of the Mustang.
For the interior, the high-back bucket seats are wrapped in black knit vinyl with red accents. They also placed some sound dampening material under the black carpets. The dash has a woodgrain trim, a Philco push-button radio, a Sport Deck rear seat, red all-weather floor mats, dashboard warning light, deluxe seat belts, and Hurst shifter. They have already replaced the heater core.
A Shelby horn button sits prominently in the middle of the wood-rimmed steering wheel that frames the gauges on the dash. The gauges include a 140-mph speedometer with an inset trip odometer, fuel level, engine temperature, and an 8k tachometer. There are also gauges on oil pressure and amperage. An analog clock sits in front of the passenger. The five-digit odometer shows a mileage of 91k, where around 8k was added by the current consigner, though real total mileage is unknown.
Under the hood is a 428ci Cobra Jet V8 engine which was rebuilt back in March 1990. It is said to have been bored 0.030-inches over and has a crankshaft that is cut 0.010-inch. The engine is equipped with finned valve covers, Holley Street Dominator intake manifold, and a PerTronix electronic ignition. Consigner claims that the fender aprons have already been replaced, while the shock towers were replaced while the engine was removed from the car. The valve cover gaskets were replaced back in July 2021. Fluids were also replaced roughly 450 miles prior.
A four-speed manual transmission sends power towards the rear wheels, and it is mated to a Traction-Lok rear axle with 3.50:1 gearing. The underbody was refinished in red oxide primer while the torque boxes, front floor pans, and frame rail extensions were all replaced as well.
The imperfections that the consigner has noted about the Mustang include a paint bubble on upper left quarter panel. The gauges for engine temperature and fuel level are also known to be inaccurate. There is also an oil leak at the rear main seal.
The Deluxe Marti report on the vehicle shows factory colors, option, and a build date of January 20, 1969 as well as production statistics.
The sale would come with a set of keys, a Shelby American World Registry book, and an owner’s manual. Since the car is in a state that does not issue titles for vehicles of its age, the car does not have a title, and it is being sold on its registration.