[dandyferg]

I have a friend with a 1978 king cobra silver/red four speed with 7400 original miles, yes 7400 still has the original tires. He is thinking about selling I see book is around $10k but does not take into account for the miles, this car is showroom cond. Any ideas on value? He is thinking about ebay

[ScottHalliday]

Couldn't tell you the value except to say the Mustang II King Cobra's are getting harder and harder to find in good condition and are definately increasing in value.

[74stang2togo]

Tough to say.

The "$10k" book figure is really for your run-of-the-mill, dang-near-perfect, daily driven for at least a few years at some point kind of car with some notable, but not high mileage (40-50 thousand miles wouldn't be unreasonable).

With that few miles though???

Barring sun damage, bushing/tire/weatherstriping/belt/hose rot, or any of the other things that age alone would cause on a car that old even without much driving...

Probably $12-15k selling outright to a buyer... maybe $20k or so at an auction of collector cars with the right buyer in the crowd (ME if I had that kind of money!!!, I'd probably keep fighting into the $30k range if I had to for one with that low of mileage!)

Regardless the car is a TRUE collectors item, one of the rarest Mustangs out there to be sure, and with the exceptionally low mileage (depending on overal originality and condition) is a sound investment and something to be cherished (and only RARELY driven!)