Best Muscle Cars

1968 Ford Mustang Shelby Cobra GT500KR: Numbers Matching Rarity

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by Dave Ashton

VIN: 8T03R205250
Engine: 428 Cobra Jet
Transmission: C6 Automatic
Exterior Color: I Lime Gold
Mileage: 68,432
Price:US $199,000.00


As you can see here, this is a rather fine specimen of a 1968 Ford Mustang Shelby GT500KR. The GT500KR was conceived in 1968 by dropping a 428 Cobra Jet V8 into the GT500 with the new name of ‘King of the Road.’ Officially banded as having 335 horsepower, it was more like 400HP in reality. 318 convertibles were made in ’68(some say 518). This GT500KR is one of the 318, with the most rare (six produced) being convertibles with air con.


A little bit of hunting online and my lackluster tag decoding skills brought up this tag information as below –
8 – Model year
T – Assembly Plant (Metuchen, NJ)
R – 428 Cobra Jet
03 – 2-door convertible
76B – Convertible w/ Luxury Int., Buckets
I – Lime Gold
6A – Black, Luxury Buckets
24E – 24th May
H – 3.50:1 Locking Differential
U – C-6 Automatic


The ad. itself states that this GT500KR has had a total rotisserie restoration with numbers matching powertrain. The interior and exterior are clearly in fantastic condition, especially that ragtop that looks almost brand-new. Attention to detail seems to being given throughout the car, even on the gauges and woodwork which all look in great condition.

There’s plenty of photos of the inside and out, but one strange omission is no images of the engine bay. Have these been accidentally left out or is the engine bay not up to par? A Marti report image or similar would have been nice to verify everything, but anybody interested in this vehicle would need to see all the documentation anyways before moving forward.

As for price, the Hagerty valuation tool say as of Jan. 2019 a fair condition example is worth $97,900 good condition $125,000, excellent condition $166,000 and Concours $210,000. Take 20% off for an auto. So, this example isn’t a bargain and at the top of the range of pricing.

This is a fine looking specimen of a GT500KR and a sure fire investment, but me thinks a little bit of negotiation is needed if you’re really serious about this car.



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1968 Ford Mustang Shelby Cobra GT500KR: Numbers Matching Rarity, 10.0 out of 10 based on 1 rating

1 Comment

  1. Pingback: 1968 Ford Mustang Shelby GT500 KR Convertible On eBay

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