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How much is this Co...
 
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How much is this Coronet worth

  

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I bought a 1953 Dodge Coronet with the 241 hemi in it about a year and a half ago for around 8 grand from the second owner. From the story behind the car and the condition it's in I have really only one conclusion. The condition is almost immaculate aside from average road dirt on the undercarriage, oil and grease buildup in the engine bay, the upholstery is basically perfect aside from one corner on the passenger's side at shoulder level that has come unglued, and there's a tiny chip in the windshield that's about 1/2 an inch long. The story behind it for me only starts at the second-ish owner. The second owner and his friend who I bought it off of picked up the car and where going to restore it and convert it to 12v. They got to the tranny putting in a 700r4, the alternator and the starter. This was all they got to before the second owner came down with a cancer diagnosis and he needed to sell the car for money for chemo. The car was driven less than 30 miles without the speedo and odometer hooked up but I can do the math to find out the mileage I put on it before hooking up the speedo assembly. The only thing I can assume is the first owner bought the car then it sat and the wiring rotted out. The odometer currently reads less than 700 miles so I'm wondering what the value of the '53 fully restored and an original gyro-torque put back in it with that mileage would be would be.


5 Answers
3

You should probably hire a professional appraiser


2

Take a look at this link for a general idea:

https://bringatrailer.com/dodge/coronet/


1

In reality a vehicle is only worth what someone will pay. I am not sure how popular these  vehicles  are. Average price is 6400 and high is about 11400.  I would  see how your vehicle compares to the others .  If the vehicle is in great shape i guess 10 to 11 grand would be a good ball park. The best way really would have an appraisal done on the vehicle. 


I know it's only worth what someone would pay but I'm just looking for a ballpark every Coronet with the 241 I've seen that's been in showroom condition has been around 30-40k and all of them had a minimum for 20k miles on them most averaging 50-100k . Also from personal experience I've never seen or heard of a 50's or even 60's car with less than 1k miles on it so idk what that would do to the value. As for popularity the 241 is sought after somewhat as it was one of the first hemi's to be commercially available to the public


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It would be easy to find comparable listings on a variety of sites.  I agree with @fjcruiser2014 on bring a trailer.  Also look at Hemmings and Autotrader Classics.

Of course, that will tell you what people are asking, what they are getting is different.


After looking at a few websites there's only 5 or so Hemi Coronets even for sale and around that number that have sold. of the ones that have sold none gave the mileage and for the main three that are listed across the sites that are close to my condition have 50k, 78k and 80k miles on them while mine is sitting at 783.


@crispy-cade The Bring a Trailer link I included all of them show the mileage of the car and there are a few Hemi versions and you can see the price the buyer paid for it. While maybe not the exact mileage as yours but in can still give you a general idea. You can do an auction and put whatever reserve you want and see what the highest bid you get is.


I already looked at the cars and there's only two on the list from my gen and both are the inline 6 and one is a station wagon so none are really comparable. The list did give me some info on what I could sell and beat up 65 for tho. There's one near me for 2500 OBO so now I'll definitely pick it up and flip if post restoration


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Topic starter

After a goodly amount of research I've come to the conclusion of an asking price of 200-250k expecting to get 150-200.


I think you're dreaming


I hope you get that price or even more, but I also think you should be realistic of what to expect.


All too many people sitting on an old car think they are going to retire on the proceeds when they sell it.


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