I looked at a pristine 77 911S last year for $12,000 but I passed since it had the thermal reactors re-installed and was starting to leak after a top-end rebuild that was perfomed at 60,000 miles. Car at the time had 75,000 miles.
It had a new clutch, tires, brakes, alternator. tan interior/green body, orignal paint with a few chips and the interior was like new and all the window rubber was in very good condition. Also had the chain tensioner upgraded along with the fender mounted oil cooler.
Was the motor rebuilt on yours?
If not, the leak could be from pulled studs.
The 77 year was never really popular and a so-so respray negativley affects the value.
IMHO I wouldn't pay more then 7 to 8k for the car since an SC in similar condition would go for 8-10k.
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John D.
82 911 SC Targa-Rosewood
2012 Golf TDI
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