Classic Classified: 1964 Ford Galaxie 500 “R-Code” 427/425

From: Car Collector & Car Classics

Date: October 1988

Price then: $14,850 ($29,500 adjusted for inflation – about the cost of a new 2015 Ford Taurus)

Price now: $29,700 – $86,800

Approximate dollar difference: $57,300 (assuming No. 1 condition)

Approximate annual rate of return: 4%

1964 Ford Galaxie. 427 cid/V8, red, 2-4 barrels, terror on the drag strip, $14,850.

What a find! 427-powered Fords are rare as hen’s teeth and finding one is probably the dream of almost every serious Ford enthusiast out there. For the most  part, the 427 Ford was commonly found sitting under the hood of a special order car intended for use on the drag strip – exactly like the car found in this ad. If this was an original R-code Galaxie, it is hard to imagine the excitement of the new owner when they sat behind the wheel for the first time. With moderate appreciation over the next 26 years, this is still an incredible find.