I'm Think of Getting out.

Before I even read the responses I was going to recommend keeping the coins and getting a job, realistically the coins will appreciate as you sit on them, they are one of the few things that retain and gain value periodically that are also pretty and make you feel good just to hold and look at from time to time. That amount of money would be quickly gained over a couple of months at a job IMHO.

 

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Another suggestion if I may, I have been collecting and selling for a few years now... I believe I have gotten to a point where I buy enough coins that I can keep the coins that I love and sell the rest on eBay to cover the expense of my hobby. Now as I sell coins, since I have 2 more goals that cost more than I can afford I set up a savings fund that I call the 10%/10% fund... It works like this, every group of coin sales I do, I take the profit and before I spend it on more coins or put it in my pocket, I take 20% out and stash it in a box. 10% is going to go towards my first submission to one of the tpg for my favorite coins, and the other 10% is put aside because I would like more gold coins and can not straight out afford them, so once that pile is high enough I can purchase one guilt free, knowing that the high cost came out of my skill in the hobby anyway. You could create a car fund from your sales of surplus coins and get a job and in no time you will have your dream car all squared away!

 

Nice chic magnet...

 

You are going to need a lot more than 1k to get a 35 year old car in top shape. It will cost even more to keep it that way. Old cars are money pits. That's why you usually see some 60 year old guy in a car like yours. Yeah, it reminds him of his youth, but he is older, more financially secure and can AFFORD to dump money into a car.

I'd keep the coins. I'd also get a summer job and buy a $1500 beater. The chances of that Mustang being around in 50 years are remote. If you have some nice coins, they'll still be around and will almost certainly be more valuable.

 

May not seam important now but think of this. With all the new inovation attempts on the auto industry, any gas engine autos may eventually find purchasing of gasoline difficult. Many cars already are finding it a problem to find the proper gasoline. Autos prior to 75, the inovation of the catalictic converter, usually are designed for the usage of Leaded Gasoline. My 67 Imperial and 68 Newport both ping like crazy if I don't add a can of Octane Booster and a shot of Lead Substitute. On such autos the constant usage of Leadfree Gasoline can eventually burn out the valves. At the rate things are going any gas products may start to become difficult so investing in an old auto may end up having a museum item. Not to say you shouldn't have a car but be happy with the one you have and don't try to make it into a show car. If you do you'll find you will be afraid to drive it anywhere due to all the morons driving around texting or talking on phoness and causing crashes.
Coins have been a collectors item for thousands of years so the future is somewhat more stable than cars.
Still all in all old cars are fun.

 

There's a reason my dad sold his 440 4 speed '70 convertible cuda and bought a Viper... way less maintenance.

 

I gotta tell ya, that thread might be the most disappointing thread I have ever started. Some real hoopde's in there.

Zach, congrats on your new ride. My advice is to keep the coins. If you think that a $1,000 is going to help you pay the expenses of the car, then I have bad news for you. Someone stated that if you needed the car to get to work it would be okay. In my experience, cars and jobs have a symbiotic relationship. You can't get to work without the car, and you can't afford the car without the job.

In the end, you are going to need to get a job if you plan on making modifications to your new ride.

BTW, what is the driving age in TN?

 

Indeed, take mass transit.

Don't think that's an option in the "Volunteer State"........

 

Actually, that depends on the size of the city that a person lives in. I live in Tennessee and in the city that I live in, there is a public transportation option (city buses). In much smaller towns in TN, there is not a mass transit (public transportation).

 

Always wanted to visit the Volunteer State......paticularly Nashville.....

 

When you're 15 you can drive with a licensed driver at least age 21. (Learner's Permit)
And when you are 16 you get your Driver's License.. If you are eligible of course.

 

Keep 'em Both

As both a coin and classic Mustang aficionado, I say....keep 'em both! A man can never have too many hobbies.

I still regret the day I sold my '65 convertible Mustang. But with all the coins I've collected over the years, I could buy one again, and still have some coins to enjoy.

By the way, that's a sweet ride. '73 is considered the last year of the "True Mustangs."

 

3600, not bad!

 

No way i would ever do anything with my car... thats my baby!

 

also its a Windsor and as you can tell it has already been removed.

 

Everyone is different, but I've been in your exact position before and I'm really glad now that I didn't sell any of my coins. I actively collected from about age 7 to maybe 14. Then I got a license and started spending money on car stereos, my truck, girls, etc. I didn't think about coins that much during high school or college. I kept them at my parents house and didn't touch them. Eventually in my 20s I got back into the hobby. Nothing from back then is worth a fortune today, but I love the fact that I still have everything. I think you may have some real regrets down the road if you sell your collection for the car. Just hit the pause button for a while on the coin stuff and see what happens.

Now, onto the car and please forgive me for the major off-topic post on a coin website. You mention the 351 has been out of the car before. I would assume for a rebuild...why else would anyone yank it, right? When the engine was rebuilt, they probably went to hardened valve seats to eliminate the need for a lead additive in the gas. And unless it has some aftermarket/flat-top pistons, the compression ratio should be low enough to easily run on 87 octane. If it doesn't ping, you should be good.

Someone else asked about Cleveland/Windsor, which you've already answered and yes the 351 is technically a small block. You might have more cubes than the 302 based Windsor block, but the big block Ford term is usually reserved for an engine like the 460. I think the Cleveland/Windsor poster also said something about limited performance options for a 351 Windsor unless you wanted to spend big money. Having been into Mustangs for the last decade or so, I know it's easy to spend a lot of money on a Windsor, but it isn't required. Pick up a Summit or Jeg's catalog and check out how massive the aftermarket support is for the Windsor. Crate engines, blocks, stroker kits, heads, intakes, etc. Those engines were made for a long time and put in a bunch of different Fords; therefore, they're easy to find and don't cost that much. It's another reason for the aftermarket availability of speed parts. The fact that they're an easy swap into the 79-93 Fox body Mustangs doesn't hurt. 408 cubes is a popular size for a 351 based stroker. Go to youtube and do a search for "408 stroker Mustang" and watch some vids to see what's possible with some serious cash. Doesn't mean you have to do that though. Things like updating the ignition, going to a more modern carb, headers can improve reliability and power without breaking the bank. Start slow and see how it goes. Maybe work your way up to getting a better set of heads and a bigger cam. Or if it runs good enough for you, concentrate on the body/paint. There is a lot to learn if you're just getting started, so good luck and have fun. Two good Mustang sites are the forums at corral.net and also stangnet.com btw.

 

Look under my name, 1973 was a great year for cars. I once spent most of my coins on pinball machines. You may have to restore it slower, but I'd say keep the coins, you may regret later.

 

In a few years you'll regret it. I would just put them in a box, tuck them away in the closet, and forget about them. Down the road you'll find your interest in coins re-kindled, and pull them out again.