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I'll let others comment on the mechanical aspects, but from a surprise factor standpoint, I say go for it. Just be aware that her memory of that '68 may not match up with the reality of 45 year old car today (i.e. loud, rough, no seat warmers, etc. etc.)
Years ago, my wife expressed a desire for a BMW 2002, though she'd never owned one. I did a lot of looking and came to the conclusion that she had no idea what she'd be getting into. Instead, I surprised her with a brand new 528i (with seat warmers) for her birthday in 2000, for which she was utterly speechless. She'd still be driving it today if I hadn't pried it away from her for an Audi A6 (and 'gave' the 528 to our 16 year old).
If you think that your wife will enjoy the '68, then by all means buy it for her. Just remember though, that YOU gave it to her, so that when she wants things fixed or 'upgraded' (seats, interior, etc.) you can't say no...
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