How much is a 1964 Ford Mustang worth?
The value of a 1964 Ford Mustang varies widely, from roughly $15,000 for a rough, non-running project to well over six figures for rare, documented high-performance or concours-quality cars. Most well-restored examples sit in the mid-to-upper five figures, with GTs, convertibles, and matching-numbers cars often commanding higher prices.
That year marks the launch of the Mustang’s first generation, celebrated for its variety of body styles and engines—from the base six to the 289 V8, with a limited number of more powerful options like the K-code high-performance variant. Market values are strongly influenced by condition, originality, documentation, and provenance, so a car’s worth hinges as much on its history as its cosmetics.
Key value factors that buyers consider
Prices reflect a mix of mechanical condition, originality, and historical provenance. The following are the principal levers that push a price up or down.
- Model year nuance and variant (early 1964.5 cars vs. 1965-design vehicles), and whether it’s a coupe, convertible, or rare GT version.
- Engine and drivetrain originality (numbers-matching versus swapped or non-original components).
- Documentation and provenance (build sheets, dealer records, and known history).
- Overall condition and restoration quality (authentic parts, correct color codes, workmanship).
- Rarity and options (GT package, four-speed manual, factory air conditioning, or other rare features).
- Color and interior originality (matching color codes and period-correct interior materials).
- Past ownership and notable history or milestones that add collector interest.
Bottom line: the more original, well-documented and correctly restored a car is, the higher its market value tends to be.
Estimated price bands by condition and variant
Below are typical ranges you might see in today’s market. These figures are broad guidelines and can vary by region, auction platform, and how strictly “numbers-matching” or originality is valued in a sale.
- Non-running project or parts car: under $15,000
- Driver-quality, usable restoration: $20,000–$40,000
- Good restored or numbers-matching driver: $40,000–$75,000
- Factory GT or convertible in good condition: $70,000–$120,000
- Rare high-performance variants (K-code, high-performance options, well-documented): $120,000–$200,000+
In the top-tier market, a meticulously documented, completely original or carefully restored example can reach the high six figures, especially when provenance and matching numbers are clearly demonstrated.
How to verify value before buying
Before committing to a purchase, use a structured checklist to ensure the price reflects genuine condition and authenticity.
- Obtain and verify VIN, door tag, engine stamping, and option codes; compare against factory documentation.
- Review any build sheets or factory records for confirmation of options and originality.
- Inspect for rust in critical areas (frame rails, floor pans, inner fenders, and shock towers) and assess prior repairs.
- Evaluate paint and bodywork for evidence of repainting or non-original panels; check interior for period-correct materials.
- Confirm drivetrain originality or document replacement parts with provenance; check numbers-matching status if important to you.
- Consult current pricing guides and recent auction results; consider a pre-purchase inspection by a classic-car expert.
Use multiple sources and corroborate with expert appraisals to anchor expectations in today’s market.
Summary
Value for a 1964 Ford Mustang hinges on model and variant, condition, and provenance. Typical driver-quality examples sit in the lower to mid five figures, while well-restored cars and those with rare options or matching numbers can command six-figure sums or more. For prospective buyers and sellers, thorough authentication, documentation, and situational awareness of current market trends are essential to determining a fair price.
Is a 64 Mustang a good investment?
Overall, classic Mustangs are a strong investment. Classic car values increase over time, making them worthwhile purchases. Mustangs also have unique traits that improve their investment value, like: Easy maintenance: Mustangs are known for their durability and simple maintenance.
How much is a 1964 1/2 Mustang worth today?
While it's hard to put a number on what something is worth to another person, Hemmings claims that the going rate today for 1964 1/2 Mustang is estimated to be an average price of $18,000. We always say that when it comes to the classic car market, the beauty is in the eye of the beholder.
What is the rarest 1964 Mustang version?
This Ford Mustang Convertible is a special example from the first production period of the Mustang, also known as the 1964.5 generation. Ford produced only 28,833 Mustangs in this early version before the 1965 model year officially began, making this car among the rarest Mustangs.
How much is a 1964 Ford worth?
Typically, you can expect to pay around $12,025 for a 1964 Ford Falcon in good condition with average spec.
