How much is a 1968 Dodge Monaco 500 worth?
A 1968 Dodge Monaco 500 typically sells for roughly $8,000 to $40,000 today, depending on condition and provenance. Exceptional, numbers-matching examples can push higher.
The Monaco 500 was the top-trim, full-size Dodge of its era, often equipped with a big-block V8 and period-correct options that attract collectors. Values swing based on originality, restoration quality, documentation, and market demand for Mopar classics.
Market dynamics and price bands
Prices vary widely; the following snapshot reflects observed ranges in the current classic-car market (roughly 2024–2025).
- Concourse/Showroom quality: fully restored or highly original, matching numbers, detailed documentation, and impeccable presentation. Approximate range: $25,000–$50,000, with rare, exceptionally documented cars reaching higher.
- Excellent/Driver: well-maintained, clean, reliable running condition with minor cosmetic flaws. Approximate range: $15,000–$25,000.
- Good/Driver: dependable daily use but with wear that’s visible or cosmetic work needed. Approximate range: $8,000–$15,000.
- Project/Restoration: not running or largely disassembled, requiring significant work. Approximate range: $3,000–$8,000.
Prices in each category can vary by region, documentation, and specific options (such as factory air conditioning, cruise control, or unique color/trim combinations). Always verify current market data before buying or selling.
Key value drivers
Core factors that influence price
- Overall condition and originality: how much of the car remains original versus restored, and the quality of any restoration.
- Matching numbers: engine and transmission codes that match the year and build sheets boost value for collectors.
- Documentation and provenance: build sheets, VIN verification, receipts for work, and a clear ownership history.
- Factory options and rarity: rare color combos, factory-installed accessories, and limited-edition features can raise desirability.
- Structural integrity and corrosion: rust-free or properly repaired frames and rockers significantly affect value.
- Maintenance history and mechanical soundness: reliable starting, braking, steering, and suspension improve price in the eyes of buyers.
- Market demand and trends: broader interest in Mopar classics and the 1960s full-size segment impacts pricing over time.
Understanding these drivers helps buyers assess listings and drivers determine a fair offer. The best results come from a car with solid documentation, minimal corrosion, and a drivetrain that matches the period specification.
How to verify current market value
To triangulate a fair price, use multiple reputable valuation sources and recent sale data. The following sources are commonly consulted by collectors and dealers.
- Hagerty Price Guide and valuation reports for classic Mopars, updated regularly with market trends.
- NADA Classic Car Guide, which offers dealer-oriented pricing and condition tiers.
- Bring a Trailer and other auction market data, including completed sales and active listings.
- Mecum, Barrett-Jackson, and other auction house results for similarly equipped Monaco 500 models.
- Current dealer listings and regional classifieds to gauge local market demand and price ranges.
Because prices shift with demand, mileage, and restoration quality, cross-reference several sources and, if possible, obtain a professional appraisal before finalizing a transaction.
Buying tips and inspection checklist
When evaluating a 1968 Dodge Monaco 500, focus on these practical checks to avoid overpaying for hidden issues.
- Inspect body panels, doors, and frame for rust, collision repair, and consistent gaps around panels.
- Check the engine and transmission for compression, leaks, and drivetrain alignment; verify engine codes match the build year.
- Examine the interior for wear, originality, and proper instrumentation; confirm Dash and VIN plates align with the title.
- Review the trunk, undercarriage, and floor pans for rust or repairs; look for consistent undercoating and wiring routing.
- Request build sheets, prior service records, and receipts for major work or restorations.
- Assess the level of originality versus period-correct recreations or aftermarket replacements.
- Consider the total cost of ownership, including potential restoration costs, insurance, and storage.
With careful due diligence, a well-documented Monaco 500 can be a strong classic-car investment or a highly enjoyable collector car that captures the era’s Mopar flair.
Summary
The 1968 Dodge Monaco 500 sits in a broad value spectrum that ranges from roughly a few thousand dollars for rough, project-ready cars to tens of thousands for well-preserved or expertly restored examples. The exact price hinges on condition, provenance, originality, and market demand. Prospective buyers should consult multiple valuation sources, inspect carefully, and factor restoration or repair costs into any offer. For sellers, presenting thorough documentation and a clear provenance can significantly influence the final selling price.
