Found a '63 Ford F-100; is it worth the money?

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USMC1067

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I found a 1963 Ford F-100 pickup. I haven't seen it myself, but i'm sure it's in at least OK condition. Not sure on the mileage either. It's a stick shift. The owner wants $4,000 and I think that's way too much for such an old truck. My grandpa says it's worth about $1200. What do you think?
 
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