The Shelby Mustang GTs lost their Cobra tag for 1969 and once again were marketed simply as Shelby GT 350 and Shelby GT 500. The GT 350 and GT 500 for the 1969 model year received an extensive face lift, the body alone increasing in length by 4 inches. Ford was heavily involved with design and style decisions, with Shelby having very little input. The GT 350 was now equipped with a 351 cubic-inch V8. Carroll Shelby terminated his agreement with Ford in the summer of 1969.
No production of 1970 Shelby GT 350 and 500 models was undertaken, however partially constructed 1969 cars were completed from stock of parts and given 1970 serial numbers. The 1970 models had no mechanical changes from the previous model. A total of 789 were produced.
By 1969, the Shelby GTs were just limited-production custom Mustangs. They were even built by Ford. Still, a ’69 GT-500 turned heads like nothing else, and though its 428-cubic-inch V-8 was available in Mustangs, it made at least 65 more horsepower in Shelbys, a mighty 400 advertised. But this tasty confection cost a steep $5027, so only 335 ragtop 500s were sold for ’69, plus a spoonful of reserialed “1970” models. The GT-350 was even scarcer at only 194, plus a dollop of carryovers. It was the last of a great line. Even though production of Shelby GTs had ceased, a small number of 1971 and 1972 models were produced on the request of Belgian Shelby dealer Claude Dubois.
This Shelby Mustang started life as a Silver Jade C-6 automatic transmission GT500. The car was delivered to Hayward Ford on January 7, 1969 and sold on August 28, 1969. Sometime after that date, the car was stolen and wrecked. The insurance company eventually declared the car totaled and the remains were purchased by ABC Auto Wreckers of San Leandro, California in 1971. Jerry Lecatse was the owner of ABC Auto Wreckers, a well-known Shelby and Cobras wrecking yard in the Bay Area. More than a few went through that yard and Jerry’s ownership. He was also an active member of the San Francisco Region of the SCCA.
Shelby Mustangs were homologated as two-seater sports cars in 1965; the SCCA continued to recognize them as such even though the later Shelby cars seated four. Jerry’s friend, Lee Fulton, had just recently completed a ’69 Shelby for SCCA competition and it was approved to race in B/Production. Jerry felt 480033 was an excellent candidate for conversion into a racecar to compete with his friend.
In late 1973, using then-current General Competition Rules as a guide, Jerry took a Boss 302 engine from another wrecked Mustang, fabricated a rollcage, installed the required safety equipment, switched to 15 x 8 wheels and purchased fiberglass bodywork from Maier Racing in Hayward, California. He painted the car Grabber Green to match his street Shelby. According to the car’s Log Book, Jerry successfully competed in Regional and National events from 1972-1975 racing this car at Laguna Seca Raceway and Sears Point International Raceway.
Now, painstakingly restored to a stunningly high level, the Shelby is accompanied by a current Log Book from HMSA, having competed in several West Coast events at Laguna Seca and Sears Point. An impressive group of original documents accompany the car, including FIA Homologation certificate copies, restoration photos, magazine feature articles, and original Log Books. It was recently and successfully campaigned throughout the most recent season at marquee events including the Monterey Historics (HMSA) at Laguna Seca, Coronado Festival of Speed (HMSA), and the CSRG Charity
Challenge at Sonoma. The engine is fresh engine with ZERO event time – dyno break-in only, along with a fresh final drive. All components including seatbelts are current tech compliant. The Shelby comes complete with an extensive group of documentation including original “as campaigned” period photos, complete photo documentation of the restoration, comprehensive invoice files, and most importantly, the ORIGINAL SCCA Vehicle Log Book and copies of the FIA Homologation Documents. Sold on Bill of Sale.
Offered for $176,000