The only way he could get 40-50k out of the car as sits would be to verify and document each piece of the engine from the carb to the partial VIN stamp and everything in between.
And pray that its all correct.
Getting it running properly after that would mean a lot towards trying to get 50k.
The underside is probably going to look about as ugly as the radiator support,
and all the corrosion under the hood is really bad vibe.
Depending how all the numbers match, how it runs, how it cleans up - it might get 60-65 after a full effort cleaning and full servicing. That might get it to #3 condition status
It was probably close to mint condition 40+ years ago when he got it.
The way it was stored could only preserve it at a certain level.
A cherry mint #s 4spd survivor today could bring 94k probably
If he really wants or needs to capitalize on the sale of the car he should heavily get involved with finding a company to blast it under hood and underneath with Dry Ice.
Amazing non-destructive results
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