61 Value
Thread Starter
Cruising
Joined: Feb 2005
Posts: 14
Likes: 0
61 Value
I'm looking to take the plunge in buying my first C1. I'm looking at a 61 NOS car...I'd sure love to get some guidance on the impact of this on its value. Obviously I know that it's significant, but I'm trying to get a handle on the dollar value, and for that matter on whether I should just steer clear of any NOS car for investment concerns. My plans are to keep the car long term and drive it, but I don't want to get hurt should I ever need to sell it.
This car is good cosmetically ( looks like a CC2) and is reprted to be in excellent mechanical condition, though I have not gone to see it yet. Sellers stated bottom price is 44k. It has a 327 rather than the correct 283 - how difficult and expensive might it be to find and install a 283?
Thanks!
This car is good cosmetically ( looks like a CC2) and is reprted to be in excellent mechanical condition, though I have not gone to see it yet. Sellers stated bottom price is 44k. It has a 327 rather than the correct 283 - how difficult and expensive might it be to find and install a 283?
Thanks!
Pro
Joined: Sep 2004
Posts: 694
Likes: 0
From: Children of the corn Illinois
Welcome. You might want to fill out your signature so we at least know where the person we are talking to is (Moscow or Detroit). rice seems kinda steep, but without more info you just never know. Installing a 283 is not hard, but if you are asking, I would say you are going to have get a motor, rebuild it and put it in. Not a big job for most, and can cost 500.00 to whatever depending on how fast you want to go, etc.
Thread Starter
Cruising
Joined: Feb 2005
Posts: 14
Likes: 0
61 value
[QUOTE=60vett]Welcome. You might want to fill out your signature so we at least know where the person we are talking to is (Moscow or Detroit). rice seems kinda steep, but without more info you just never know. Installing a 283 is not hard, but if you are asking, I would say you are going to have get a motor, rebuild it and put it in. Not a big job for most, and can cost 500.00 to whatever depending on how fast you want to go, etc.[/QUO
Thanks - how do I fill out my signature? I'm in the DC area, in answer to your question...
Thanks - how do I fill out my signature? I'm in the DC area, in answer to your question...
Melting Slicks
Joined: Jul 2004
Posts: 2,865
Likes: 195
From: Maryland
Its a good idea to get an expert opinion when in the process of buying an old Corvette. In the DC area Tonys Corvette can give you an accurate appraisal as well as a mechincal inspection. Better to spend a few hundred
bucks than a $40K mistake. www.tonyscorvetteshop.com
bucks than a $40K mistake. www.tonyscorvetteshop.com
Instructor
Joined: Sep 2003
Posts: 160
Likes: 1
From: Fenton Mi
One thing to keep in mind is prices are relative. If you buy a NOM it will still go up in value as the numbers matching cars go up in value. NOM is becoming less important to the resto rod crowd. I talked to a guy last year who modified a "60" into part C4 ( Chassis, drive train) and part stock. With the hood closed it looked like a stock "60" except for the 17 inch wheels. He was offered 75K and turned it down. 44K for a number 2 is not that out of line.
Randy
Randy
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
Race Director
Joined: Oct 2005
Posts: 12,468
Likes: 1,548
From: Camp Verde AZ
C1 of Year Finalist (performance mods) 2019
2017 C1 of Year Finalist
pardon MY ignorance but what is CC2?
It sounds like some sort of grading system.
Any links that explain it?
FWIW, the local Corvette Emporium says 1961 NOM cars are worth $45-$55K. Of course that is what they want to sell them for, and the ones I have seen there for sale are well, um, not exactly what I call Concour condition.
I have been told by an apparaiser my '61 NOM car would auction (NOT BJ auction, just a regular collector car auction) for around $38K (prior to the EFI fuel injection I put in).
Thanks,
Doug
It sounds like some sort of grading system.
Any links that explain it?
FWIW, the local Corvette Emporium says 1961 NOM cars are worth $45-$55K. Of course that is what they want to sell them for, and the ones I have seen there for sale are well, um, not exactly what I call Concour condition.
I have been told by an apparaiser my '61 NOM car would auction (NOT BJ auction, just a regular collector car auction) for around $38K (prior to the EFI fuel injection I put in).
Thanks,
Doug
Thread Starter
Cruising
Joined: Feb 2005
Posts: 14
Likes: 0
Looks like this novice has screwed up a few terms...What I was trying to communicate here is that the car is NOT a numbers matching car. CC2 is a condition code I borrowed from Pro-team...not a show winner but generally very good mechanically, paint and other cosmetics.
Also - duh! - I live in DC but the car's in southern Maine. Thanks guys
Also - duh! - I live in DC but the car's in southern Maine. Thanks guys