The first years I owned my '68 I experienced the same problem. It's an acrid, foul odor that gets into your clothes. You can smell it on yourself even when you've left the garage.
Mine was likely from blowby. It was pretty loose and my machinist later told me that somebody had previously bored the block .040" and put .030" over pistons in.
If the car hasn't really been run in 20 years maybe the rings are stuck? Maybe a little MMO and get it on the road.
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Greg Reid
Palmetto, Georgia
 
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