Treasure Valley Mustang and Ford Club

Boise, Idaho

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This page was last updated on March 2, 1999


Member Car of the Month - March 1999


Front view of GT-500KR - Click for larger image Right side view of GT-500KR - Click for larger image Rear view of GT-500KR - Click for larger image Right side view of GT-500KR - Click for larger image Inside view of GT-500KR - Click for larger image

Tom and Mary Schmidt just bought this 1968½ Shelby Cobra GT-500KR fastback. They had been wanting a Shelby for quite a while and were always planning to upgrade from their '66 Mustang convertible to a Shelby convertible. But when they saw this car last Fall, they started rethinking and decided to keep their convertible and also get this Shelby. For about the same cost as a convertible Shelby, they now have two Mustangs, a drop-top for running around town in the Summer, and a big-block Shelby for shows and cruises.

This GT-500KR is #03227 in the Shelby American World Registry. It is Wimbledon White in color with an all original Saddle interior. It spent all of its life in Montana until the Spring of 1998. It was originally sold from Bison Motors in Great Falls, Montana. In about 1970, the engine was blown and the car was smashed into a snowbank. A 390 was installed to replace the blown engine, keeping the original valve covers, intake, etc. from the 428 Cobra Jet. The front end was repaired by placing the nose of a '67 Shelby on the car. In 1972, it sold to the next owner, who kept the car until 1998. In 1986, he replaced the engine with a correct date code 428 Cobra Jet and completely rebuilt the cars drive train and suspension. It had 52,000 miles on it at that time.

In the Spring of 1998, he had the car restored with a '68 nose and a fresh paint job. A Lt. Col. at Mountain Home Air Force Base bought it and brought it to Idaho. We bought the car from him in January 1999. The car now has almost 60,000 miles on it, and we plan to make some more restoration fixes to the car as parts are found and funds are available.

For more information about the Shelby GT-500KR (King of the Road), see The King of the Road, the story, by Dennis Begley, which includes a listing of all of the engine specifications. Also visit Tom Schmidt's Home Page with more information about their Mustangs and Taurus SHO.


If you have a story to tell about your Mustang or Special Interest Ford, please E-mail it along with a picture to webmaster2008@treasurevalleymustang.com or to our mailing address: Treasure Valley Mustang and Ford Club, PO Box 556, Boise, ID 83701.

Comments or questions? E-mail us at webmaster2008@treasurevalleymustang.com

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