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That's a special bolt that was installed on a limited number of Corvettes. What makes it special is when your upside down trying to remove the nut, you don't have to think of which way to turn it. No matter which way you turn it, the nut comes off.
In the late 60s i worked at IH in the nut/bolt department, 1/4 to 3/4" bolts up to 9" long.
I have seen that happen, when the dies come loose/break they can create all kinds of "custom" threads on stuff. Sometimes you just got bored and thought, hey what would happen if i ?
Actually, the base threads on that bolt were not die cut but were rolled into the steel when it was manufactured. The "odd" threads were supplied when a GM technician cross threaded the nut on and impacted the whee out of the thing to get it to seat all the way. The nut probably shows almost zero threads remaining since those were likely sacrificed as the "phantom" threads were cut.
Actually, the base threads on that bolt were not die cut but were rolled into the steel when it was manufactured. The "odd" threads were supplied when a GM technician cross threaded the nut on and impacted the whee out of the thing to get it to seat all the way. The nut probably shows almost zero threads remaining since those were likely sacrificed as the "phantom" threads were cut.
That's what I figured at first, so I looked at the nut and it is in perfect condition. Then out of curiosity, I tried the nut on the bolt and it spun on & off with no problems. In fact, since the bolt is discontinued, I am going to re-use it. The nut does it's clamping work beyond the bad threads so the bolt can be re-used.
Vendors are packaging off the shelf 3/18-16 carriage bolts & nuts and charging high prices for them as if they are OEM. The OEM 3820342 is 3/8-24 x 4-1/2 Grade 5. Can't find fine thread carriage bolts anywhere, especially grade 5.