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| biggrizzly | 1969 LT1 engine worth | ||
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I recently received an email from a gentleman that has a 1969 LT1 engine that has been sitting in his garage for 35 years. He pulled it out a friends car back then because it had something broken and the engine was replaced with a long block.
He sent me that casting codes for the block and says it has the original double hump heads. How much do you think a non-running LT1 might be worth? |
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Posted on: 2010/10/24 12:59
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Don Haller Corvette Club of America 94Coupe, 383Stroka, PeteK Trans, 3000stall, 3.54rear, Konis and bigger sways. |
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| Durango_Boy | Re: 1969 LT1 engine worth | ||
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Elite Guru
 
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Actual value...the same as a non running 350 from any other car or truck. It's just a 350 that needs to be fix3ed before it can be used.
Now...to a 69 LT1 Corvette owner who needs a numbers matching engine for his restoration project...it could be worth a LOT. |
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Posted on: 2010/10/24 13:05
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| PeteK | Re: 1969 LT1 engine worth | ||
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Moderator
 
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I agree with Matt. To me, it is a $100 core, assuming heads and block are not cracked. To the right guy though, who knows. I often see bare blocks (small block) from the 60's at Carlisle advertising with $3,500.00 asking prices on them. No idea if they actually sell for that. Remind me to tell the story about the Challenge car engines, and how some of them found their way back to the origional owners. For a huge price/profit , of course. |
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Posted on: 2010/10/24 13:39
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| biggrizzly | Re: 1969 LT1 engine worth | ||
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2011 Memorial Day Car Show Winner!
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That's where I'm coming from. I know a lot of folks in the NCRS here that might or could know someone that needs that motor. If it were worth my time and money, I'd consider buying it as is, and reselling to a person that really needs it. |
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Posted on: 2010/10/24 13:40
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Don Haller Corvette Club of America 94Coupe, 383Stroka, PeteK Trans, 3000stall, 3.54rear, Konis and bigger sways. |
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| PeteK | Re: 1969 LT1 engine worth | ||
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Moderator
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It will even be harder to determine value without pulling the pan. Seller says it broke, and the LT-1's were made famous beacause they can rev to the moon. Most that broke, were broke bad. On the other hand, if it only spun a bearing or 2, a crank swap and a couple of conmnecting rods will bring it back to salvagable.
If it spin a main hard, it can still be saved, but at a much higher expense. |
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Posted on: 2010/10/24 13:54
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| cuisinartvette | Re: 1969 LT1 engine worth | ||
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Elite Guru
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LT-1 started in 1970.
11-1, 186 heads (pretty sure) domed forged pistons hi rise dual plane GM intake 780 cfm Holley. |
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Posted on: 2010/10/24 14:34
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| BillH | Re: 1969 LT1 engine worth | ||
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The Stig Moderator
 
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Yea, LT-1 in '70. The '69 was a L46 (first 350ci).
I saw one '70 for $1,500 (running). Double hump heads, new everything - $750. |
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Posted on: 2010/10/24 15:04
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| bogus | Re: 1969 LT1 engine worth | ||
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Yup. That's what I was thinking. Now... if someone had bought a 1970 LT-1 in late 1969, I could understand the mix-up, but as for a 1969 LT-1, nope. The double hump heads, I thought, were always called the camel humps and were used on a 327. As for value? meh. Worth most to the person who owns the car it originally belonged to. To be honest, it's now 40 YO technology, and we have seen what kinda small block can now be built. The rest is romance left over from the era. |
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Posted on: 2010/10/24 17:19
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| PLRX | Re: 1969 LT1 engine worth | ||
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Senior Guru
 
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funny, a guy was selling me a 72 LT-1 Vert 4 speed but, had no engine. It was extremely trashed maybe, needed about $60K+ to restore. Not cost effective
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Posted on: 2010/10/27 5:09
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| bogus | Re: 1969 LT1 engine worth | ||
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Grand Imperial Pooh-Bah
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Spend $60k to restore a car worth $35k... nice...
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Posted on: 2010/10/27 5:43
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| biggrizzly | Re: 1969 LT1 engine worth | ||
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2011 Memorial Day Car Show Winner!
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True, but a lot of us do the same thing to our cars every day. I know I have a lot more into my car than it is worth or ever will be.
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Posted on: 2010/10/27 10:19
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Don Haller Corvette Club of America 94Coupe, 383Stroka, PeteK Trans, 3000stall, 3.54rear, Konis and bigger sways. |
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| TommyT-Bone | Re: 1969 LT1 engine worth | ||
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Chair-man of the bored
 
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Thats' the reason they say to buy the latest year in the best condition you can afford. A bargain Vette is rarely a bargain when you add up all the expenses to get it up to prime. Most of us a hobbyists. We love to throw money at them. I take that back. We may not love to throw money at them, but we do. |
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Posted on: 2010/10/27 10:34
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| BillH | Re: 1969 LT1 engine worth | ||
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The Stig Moderator
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Well said, Tommy. You get what you pay for, including doing your homework. If you work at finding the right car, you get rewarded with a much smaller shovel. |
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Posted on: 2010/10/27 13:38
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