Advice PLEASE on value 1970 911 T

[Advrider]

If this is the wrong place for this post, please advise me where the correct place would be. I'm a long time viewer, but rare with my posts, so if it is, my sincere apologies.

The Reason: A very good an old friend has a 1970 911 T that he needs to sell because his wife is in need of emergency Heart surgery.

The Story: The car is a barn find from the Colorado mountains about 4/5 years ago, it had only one owner and he was a judge that had passed away from natural causes. His widow become friends with my friend (the new owner) and after he did a lot of work for her she showed him into the barn where her late husband had kept his car collection. There was a 1970 911T that was all original with a inch of dust and pigeon waste on it and they made a deal for some more work because the car was no use to her. The car started and ran but had bad gas (odiously) so it was only started for a moment. Then the tank was taken out and he ordered a new tank form Germany to be replaced. He has also had the rest of the fuel system redone but as of today, the new tank has not been installed, but can be easily for the sale of the car.
I was told that it has S tensioners along with a few other things, nothing to huge.
The car has two rush spots but neither are through the metal, one is by the back window and one by the lower rear quoter, there is also 2 dents, not smashed but dents. Please excuse me I'm trying to do this from memory and it been a while along with finding out the news on his wife, they have two young daughters so I'm trying to assist them in this time of need. I will try and post pictures to a site here tonight so everyone can check out the car and condition, I will update this once there up.

What I'm looking for assistance on Value: This car needs to be restored and it's a great car for this because of the dry climate in which it was used and stored, I'm sure everyone already is aware of this but CO does not use salt so cars are normally just sun beaten not rusty, so it's worth redoing.
I'm just looking for a general Value of what he should be asking for it, so with all the knowledgeable people on this site I thought it would be the right place to look for some advice.
I would like to in advance thank everyone for taking the time to read this and for their assistance, it's greatly appreciated in this time of need. These are great & kind people, people who go greatly out of there way for others, so lets hope others will do the same.

UPDATE: Here is the link to the pictures of the car: http://www.flickr.com/photos/expofreek/sets/72157630614014616/

[56 nomad]

pics and motor numbers are necessary. ben

[j911brick]

I was just reading in Excellence "average" cars needing work are really selling for about $20K. Pano just published a high number of about $60K.

[j911brick]

Do you or the seller even have a price in mind? You need to pull up the carpets (and back seat if possible) and look under the car for rust. Based on what I can see in the pictures I wouldn't be afraid to spend $10K, as long as it doesn't have major rust. Then expect to spend at least $20k to make it nice. The car generally looks like it was not cared for (whih could mean lots of hidden rust), but at least it looks to be complete and not butchered.

[tcar]

Look very carefully for rust.

Colorado does not use salt now, but they used it a lot prior to the 90's.

Some think the Karmann cars rust more than the other builders, FWIW. The VW K-Ghia certainly did.

[Scott Watkins]

Advrider, you may also want to post on Early 911S Registry.

Early 911S Registry

[Advrider]

UPDATE 7/17/2012: I have my friend taking pictures of under the carpet, they are leaving for Denver this week for the hospital so if there is any other help or trips that we NEED or Should do, please by all means Speak Up!
Will also need advice on where to find the engine numbers? Also will that or could that help us find the bore size, so we can know if it has the 2.2 or the 2.4L? We've had some questions regarding that, but I'm not sure how to advise him on how to get this info, so any help, is GREATLY Appericated!!!

Thanks for all the posts, please keep them coming and I will copy and paste the original post on the early 911 reg, thanks for the heads up!

One thing I forgot to put on my first post, clear title in hand titled to my friend (the second owner) Larry.

Thanks all,
Cheers

[j911brick]

fellow ADVrider here:

The engine number is on the right side of the case just below the fan housing, above the cam oil line. I'm sure somebody will have a picture. The car should have a 2.2, but these motors are old and there is no telling what somebody else may have done without taking it apart. T motors had iron cylinders and that is easy enough to check.

[Matt Monson]

It's all there, but that car needs a lot of work. $12-15K in the current market. After a $50k restoration it will be worth $65. Or $20k of work and it will be a nice driver.

[gamin]

j911brick - Correction. June 2012 Pano 70-71T low $60,000, high $115,000. Wish it were true.

[j911brick]

Originally Posted by gamin

j911brick - Correction. June 2012 Pano 70-71T low $60,000, high $115,000. Wish it were true.

LOL - don't we all... I have a '73 euro tub if somebody wants to give me $5k for it.

[Zeke]

Originally Posted by gamin

j911brick - Correction. June 2012 Pano 70-71T low $60,000, high $115,000. Wish it were true.

Sounds like S prices to me. Maybe E.

[gamin]

Zeke - Per Pano - 70/71E - $70,000 - $150,000.
70/71S - $85,000 - $195,000.

[Matt Monson]

Originally Posted by gamin

Zeke - Per Pano - 70/71E - $70,000 - $150,000.
70/71S - $85,000 - $195,000.

What the article doesn't make particularly clear is that those are values for all original cars with excellent patina or restored vehicles that Excellence has historically referred to as "beyond excellent" condition. Your average run of the mill driver is worth about half of the bottom numbers quoted in that article.

[j911brick]

Originally Posted by Matt Monson

What the article doesn't make particularly clear is that those are values for all original cars with excellent patina or restored vehicles that Excellence has historically referred to as "beyond excellent" condition. Your average run of the mill driver is worth about half of the bottom numbers quoted in that article.

I think average run of the mill drivers, needing some work, are worth about $20 based on what I'm seeing. I think a clean driver would be about $30k.

[gamin]

I was really hoping the 70T was worth $60K. Makes it easier to justify to the wife all the parts boxes on the doorstep from Pelican. Oh well.

[Matt Monson]

Originally Posted by j911brick

I think average run of the mill drivers, needing some work, are worth about $20 based on what I'm seeing. I think a clean driver would be about $30k.

I think we're in agreement on value and just disagree on semantics. To me the average run of the mill driver doesn't really need work. I consider that car a below average driver.

[j911brick]

Originally Posted by gamin

I was really hoping the 70T was worth $60K. Makes it easier to justify to the wife all the parts boxes on the doorstep from Pelican. Oh well.

Could be. Could be more. Just depends on the level and quality of the restoration.

[j911brick]

Originally Posted by Matt Monson

I think we're in agreement on value and just disagree on semantics. To me the average run of the mill driver doesn't really need work. I consider that car a below average driver.

To me the average run of the mill driver is a car that probably has old paint (or otherwise needs paint work), old rubber, a few minor trim pieces missing; no serious restoration work has been done, but no major defects either. I too consider that car to be a "below average driver", or even below that.

[chiroracer]

I love my run of the mill driver! I agree that it is a far cry from a car that has been sitting. fuel pump tank new fuel /brake lines caliper rebuilds frozen shocks .carb or mfi gunked up .Add this stuff up with your time and it is HUGE. S