Green Gold: 1973 Ford Mustang Convertible – SOLD!

June 11, 2021 Update – we confirmed the seller of this Mustang “Classifind” deleted their listing, so we’re now able to call this one “SOLD!” While this one got away, please reach out either by email or call Rudy directly if you’d like to be informed when we come across something similar.

May 17, 2021 Update – Along with a fresh Craigslist ad replacing the expired original one, the private seller of this ’73 Mustang convertible just lowered their asking price by one large to a revised $26,900.

1973 proved to be the final year not only for the first-generation Mustang but also for the factory convertible body style before Ford reintroduced it one decade later. Traditionally less desirable than earlier models, the ’71 to ’73 vintage Mustangs are enjoying a growth in popularity and prices.  A prime example is this restored Green Gold metallic, H-Code powered, 1973 Mustang convertible originally listed in May 2021 in Zionsville, Indiana (Indianapolis) for $27,900 currently. Comparing that price against the Hagerty Insurance Online Valuation Tool confirms the private seller has their Mustang priced four hundred dollars above this guide’s #2 “Excellent” estimate of $27,500.  Unfortunately for the seller, the  Collector Car Market Review Online Tool provides a much different assessment as in this case the asking price is nearly eight thousand dollars above this guide’s #1 “Excellent” appraisal of $20,000.

While Ford produced the first generation Mustang from its debut in the spring of 1964 through 1973 before launching the Pinto-based Mustang in ’74, enthusiasts segment these cars into four classes based on major styling and feature changes.  The last major first-generation restyling launched in September 1970 as a 1971 model. The ’71 Mustangs were still offered in Hardtop, Sports Roof (Fastback), and convertible versions such as the example featured here and grew in size, gaining three inches in width in order to accommodate Ford’s big block 429 cu in (7.0 L) V8 to avoid the extensive suspension redesign previous years forced.  However, tightening federal emissions regulations and rising insurance costs started to take their toll on Muscle Car popularity and consequently, Ford dropped the Boss 351 edition and optional 429 big block leaving the 351 cu in (5.8 L) variants as the largest available engines for 1973.  The example featured here is an H-Code Mustang, which means it came from the factory equipped with a two-barrel carburetor topped, 351 cubic inch, “Cleveland” V8 producing 177 brake horsepower at 4000 rpm and 284 foot-pounds of torque at 2000 rpm.

Convertibles came equipped with a power top and a single piece glass rear window.  1973 brought some mild restyling. The urethane front bumper became standard and was enlarged in accordance with new NHTSA standards. All Mustang models had their sport lamps replaced with vertical turn signals, as the new bumper covered the previous turn signal locations in the front valance. Both a Mach 1 and base grille were offered, with differing insert patterns.  The 1973 model year Mustang was the final version of the original pony car, as the model name migrated to the Ford Pinto-based Mustang II for 1974.

We love the fact the seller provides this quick walk-around video of their Mustang running:

We’re normally not big fans of the whole black wheel trend, particularly on older vintage cars.  However, the wheels on this car work nicely to set off the interior when the convertible top is folded.  If you’re looking for a nicely restored and nicely equipped ’73 Mustang convertible to cruise around in more and not show it beyond your local car show circuit, this Green Gold makes a fine candidate. We like the four-barrel and dual exhaust upgrade over what came from the factory. We would work on getting the factory A/C system repaired and sorted before the weather turns warmer, but that’s just us.

Here’s the seller’s description:

“1973 Mustang convertible
Original 351 V8 – 4bbl motor
Factory H-code Mustang
Automatic
Factory power steering, power front disc brakes, power top.
Was originally an A/C car but components are not hooked up. I have all the A/C components to go with the car.
Motor has new aluminum pulleys and electric fan.
Dual exhaust off the headers. Sounds great!

Military green with subtle gold metal flake – matches top nicely.
MACH 1 look
All new upholstery and convertible top – no rips, no tears
Sony digital Bluetooth sound system with upgraded speakers.
New Mickey Thompson tires and new OE Racing black rims.

This is a one-of-a-kind looking cruiser! Not a perfect show car but a fun turn-key cruiser meant to be driven.

Can watch a walk around YouTube video here: https://youtu.be/bbhbatBziRs

Asking $27,900
NO TRADES.“

Show or go: what would you do with this restored Mustang?  Comment below and let us know!