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While we're certainly happy for Bob Guarrera, there’s a part of us that’s more than a little envious about the fact he only paid $650 for this beautiful 1958 Corvette.
St. Jude Donor '09-'10-'11-'12-'13-'14-'15-'16-'17-'18-‘19-'20-'21-'22-'23-'24
Nice! Just a few years before he bought that, I passed up a '58 (also white) with dual quads, can't recall if he wanted $800 or $850. But of course back then I was making the big bucks at $2.93 an hour so it's all relative.
Right around 1970, I passed on a white 230 HP powerglide '57 for $1100. I guy that I worked with had been transferred from California to Minnesota and everyone told him he should get rid of the car before the Minnesota winter set in. My then wife wouldn't let me buy it. (She's been my ex-wife for over 40 years now.)
Goes without saying, that's one helluva deal on a '58. Now, all Bob needs to do to the car is get that radio antenna put back to its original vertical position.
How much was gold per oz back then? Curious to know how that would compare.
the gentleman made out because he has a car that he enjoyed. as for a investment I see that the gentleman has California plates. if the gentleman would have rented out the space the car has occupied for 45 years and put that money into a cd every year he would have more money than what the car is worth today. this would not included the money he spent on painting and other restoration he made on the car.
In 1975 I passed on a beautiful, complete and solid 1959 Corvette with a non-running 327 for $600.
The next week I passed on a 1969 Charger Daytona, complete with wing and nose cone, missing the original 440 / 4 speed setup, also for $600.
Wish I had bought and kept the Daytona.
In 77 I passed up on a Daytona also. It was at the local corner junk car lot and the guy wanted a grand. It was that ugly yellow interior tore up and smoked bad when it did start. It was original engine and not beat up much for a Wisconsin car. But I laughed at the guy and told him to keep the POS.
How much was gold per oz back then? Curious to know how that would compare.
Not sure where gold was at in '70 but I seem to remember it being around $35.00-40.00 an oz. back around 1965. I'm a bit vague because it was so long ago but the reason I seem to remember the price is because I was a coin collector as a kid and purchased a $20 gold piece (which I sure wish I still had) for around $60.00 to 70.00 at coin shop. It's weight was close to one oz. (troy weight) but of course cost more as it was a coin.
Gary
Last edited by Gary's '66; 03-27-2015 at 03:43 PM.
AIR the feds had set a limit the price of gold since the 1930s. Think it was still $35 in the time period being discussed. And didn't Nixon let it float free a bit later in the '70s?
the gentleman made out because he has a car that he enjoyed. as for a investment I see that the gentleman has California plates. if the gentleman would have rented out the space the car has occupied for 45 years and put that money into a cd every year he would have more money than what the car is worth today. this would not included the money he spent on painting and other restoration he made on the car.
Just commented because many feel cars should not be thought of as an investment. FYI, I bought this 1960 in 1974 for $1,800 (about wiped me out) and I drove it to school as a teenager. Sold in in 1976 for $3,200 and thought I scored. LOL. I have it on the C1 Registry in hopes of locating it. It was VIN# 0062 and was an original fuelie. This is the only picture I have of it.
Just commented because many feel cars should not be thought of as an investment. FYI, I bought this 1960 in 1974 for $1,800 (about wiped me out) and I drove it to school as a teenager. Sold in in 1976 for $3,200 and thought I scored. LOL. I have it on the C1 Registry in hopes of locating it. It was VIN# 0062 and was an original fuelie. This is the only picture I have of it.
Could have had sister cars.. the 60 I'm restoring is #68... good luck finding it.
03-26-2015, 07:39 PM
Californian Landed ’58 Corvette for $650
Just a few years before he bought that, I passed up a '58 (also white) with dual quads, can't recall if he wanted $800 or $850. But of course back then I was making the big bucks at $2.93 an hour so it's all relative.
