The Ultra Rare 1969 Ford Mustang Shelby GT500 Still Brings Joy After 50 Years Because of Something Very Special

While the 1967 Shelby Mustang GT350 and GT500 are some of today’s most recognizable and sought-after classic cars, the original Ford and Shelby partnership surprisingly only lasted 4 years.

The 1969 GT500 Cobra Jet was the last Ford muscle car Carroll Shelby oversaw and approved before he terminated his original contract with Ford in 1969 and is perhaps the least known of all the Gen 1 Shelby Mustangs.

YouTube channel Muscle Cars With Eric managed to track down the owner of this completely original 1969-built Ford Mustang Shelby GT500 428 Cobra Jet Convertible and takes a ride to get the story of this ultra-rare pony car.

The Last Car From The Original Ford And Carroll Shelby Partnership

While the story of Ford and Carroll Shelby is very well documented, the story of the Cobra Jet moniker is far less known. With Chevrolet and Pontiac now offering 325+ HP big block V8s by the end of 1967, Ford was on the back foot with the Mustang severely lacking power compared to its competitors.

Ford sought to rectify this with the introduction of the 428 cu. in. (or 7.0-liter) Cobra Jet V8 engine in 1968, with the engine first fitted in the Mustang Fastback. Only 50 Cobra Jet Mustangs were originally produced, with Ford’s sole intention to win at the drag strip.

The Ford Performance 428 cu. in. V8 was originally rated at 335 HP and 440 lb-ft of torque. However, it is widely assumed that Ford underrated the power, with the figure actually around 410 hp.

Owner Chuck has had this specific GT500 Cobra Jet for around 50 years, with Chuck saying he bought the car from his brother-in-law between 1972 and 1974 for only $150 (that’s the equivalent of $1091 in 2023). Since then, it has followed Chuck and his family from Milwaukee, Wisconsin to Phoenix, Arizona.

How Much Is A 1969 Ford Mustang Shelby GT500 428 Cobra Jet Worth?

A Candyapple red Ford Mustang Shelby GT500 428 Cobra Jet rear shot
Source: YouTube @ Muscle Cars With Eric

Chuck also proudly states that the car is completely original with the car only receiving minor mechanical fixes around 8 years ago to ensure it could run. This Cobra Jet also only has 27,000 miles on the odometer, with Chuck putting less than 230 miles on the clock since its repairs 8 years prior.

This specific GT500 is also only 1 of 2 in this specification- a Candyapple Red Convertible with an AM radio. While it carries all the wear and patina from those 50 years of ownership, it would certainly go for a large amount if Chuck decided to sell the car at auction.

Immaculate, fully restored GT500 428 Cobra Jets are fetching around $130,000 at auction these days. While this car isn’t exactly concourse-ready, it has bags of character and would surely still fetch a high price. It doesn’t look like Chuck would sell this car any time soon as the car still brings a smile to his face.

Related Posts

Behold the Stunning 1969 Plymouth GTX Hemi in Mesmerizing B5 Blue with a Matching Interior!

Often called the “rich man’s Road Runner,” the Plymouth GTX is perhaps one of the most overlooked muscle cars from the late 1960s. I guess people are…

Barn-Found 1968 Ford Mustang California Special Looks Stunning And Attracts Attention With Its Superb Color

Like most pony cars from the golden era, the Ford Mustang spawned a long list of high-performance and limited-edition models. The California Special is one of them, and this…

Package Deal Gives Brave Souls the Chance to Save a Classic Cadillac

One of the most challenging problems as far as the restoration of a classic car comes down to the lack of parts, especially if the vehicle in…

The Awesome 1959 Chevrolet Impala With The Continental Kit Is A Perfect 10 In Every Desirable Way

As a diehard Impala fan, it’s hard to find the right words to describe the magic residing in a 1959 model. After all, it was the first year when…

1964 Ford Thunderbird Shows What Rust Does to a Legend Still Not Giving Up

1964 witnessed the debut of the fourth-generation Thunderbird, and it represented the most successful year of the new lineup. Ford, therefore, produced close to 92,500 T-Birds in 1964,…

This 1957 Desoto Explorer Is A Rare Hemi-Powered Gem In Superb White And Yellow

Established in 1928 to compete with Pontiac, Studebaker, and Hudson in the mid-price class, DeSoto was terminated as a brand only 33 years later, in 1961. But before…