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As you've described it, it sounds like a fair deal. Just know that there could also be many things wrong with it that aren't readily visible...and even still many of these wouldn't affect the price. I would be cautiously optimistic.

I recently bought my '71 deuce after seriously looking for about a year and casually looking for about 3. What I learned about prices: If it doesn't run, expect to pay less than $4k depending on how bad it is. I've seen just a rusted frame on shot wheels listed for $500, though I can't say...