http://houston.craigslist.org/car/354111648.html

Seller claims:
- Front drum brakes, all brakes recently redone
- Rust free body and undercarriage
- Small spot of bondo near rear bumper mount
- Engine rebuilt (mileage unkown)
- Have folder of receipts ($26K invested in car)
- Chrome (bumpers) perfect and not pitted
- Runs and drives well
- 10 bolt rear, most likely open, gear ratio unknown
- Interior in nice condition

Worth $20K?

Yes, I really want a vert, but this is the first car that has come up relatively close to me. Thinking about it, but it will probably sell fast...

IF it shines, and its "rust free" with decent interior, runs well and has $26k in receipts spent in the ares of the car you would have spent the money on anyway>>>>>>>>>>>>>>yes, its worth 20k If you like the car!.

How can you tell the quality of the resto by those pictures.??? You need to examine it in person. It may not be worth it by what little I see.
Looks like a "black spray paint out of the can" resto judging by the one underhood pic.