August 15 Update: we originally featured this beautiful 1954 Packard with only 14,534 original miles last month and we were surprised to see it re-listed this week at the same price of $47,000 and only two new exterior pictures provided. With this being an estate sale and the post stating, “the seller is seeking a prompt sale and is open to offers, it would not hurt to try an offer at the #2 “Excellent” to see if it sticks.
We noticed this beautiful red over black 1954 Packard Convertible with only 14,534 original miles re-posted here on Craigslist in Voorhees, New Jersey where the widow of the owner for the past 25 years has it listed for $47,000. Based on the Hagerty Insurance Online Valuation Tool, the seller has her Packard priced $13,600 below the #1 “Concours” level of $60,600 and $11,200 above the #2 “Excellent” estimate of $35,800. Note that values for these Packards have been very stable for at least the past three years and the seller is seeking a prompt sale and is open to offers.
In an effort to segment the Packard line-up modeled after Lincoln-Mercury, 1954 Packard positioned the model featured here (simply named the Convertible Coupe) above the Mayfair and Clipper. Convertible Coupes used the same type of side trim featured on the Cavalier. Standard equipment also included a pelican-style hood mascot and rear fender shields. The interior was trimmed in a combination of leather and leather-grained plastic. Convertible Coupes featured the nine main bearing 359 cubic inch inline eight cylinder that many Packard experts regard as the best motor the company ever made. These cars are great performers and reflect the very high build quality Packard became famous for. With a base price of $3,935 (about $37,500 in today’s dollars) combined with being overshadowed by the more stylish Carribbean, Packard only produced 863 examples, so we’re willing to bet this may be the most original example in existence today.
If you’re looking for a great candidate to join and enter a car in the Antique Automobile Club of America (AACA) that you can likely get at a very favorable price, look no further. We would buy it now and start cleaning it immediately to get it ready for the Fall Hershey meet. Good luck with the purchase!