This was my grandpa's car (original owner) and he left it to me 12 years ago. I've tried to take care of it but I have a growing family and the cougar is on the chopping block :(
Below is some info from Hagerty.com that gives a pretty good description of the range of conditions and current market value.Condition #3 is an accurate description of this car's condition.
1967 Mercury Cougar2dr Hardtop Coupe 8-cyl. 289cid/225hp 4bbl
$26,900Condition #1 vehicles are the best in the world. The visual image is of the best car, n the right colors, riving onto the lawn at the finest concours. Perfectly clean, he car has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, nd materials used are correct and superbly fitted. The one word description for #1 cars is "concours."
$20,600Condition #2 cars could win a local or regional show. They can be former #1 cars that have been driven or have aged. Seasoned observers will have to look closely for flaws, ut will be able to find some not seen by the general public. The paint, hrome, lass and interior will all appear as excellent. No excessive smoke will be seen on startup, o unusual noises will emanate from the engine compartment. The vehicle will drive as a new car of its era would. The one word description for #2 cars is "excellent."
$15,000Condition #3 cars could possess some, ut not all of the issues of a #4 car, ut they will be balanced by other factors such as a fresh paint job or a new, orrect interior. #3 cars drive and run well, ut might have some incorrect parts. These cars are not used for daily transportation but are ready for a long tour without excuses, nd the casual passerby will not find any visual flaws. "Good" is the one word description of a #3 car.
$10,900Condition #4 cars are daily drivers, ith flaws visible to the naked eye. The chrome might have pitting or scratches, he windshield might be chipped. Paintwork is imperfect, nd perhaps the fender has a minor dent. The interior could have split seams or a cracked dash. No major parts are missing, ut the wheels could differ from the originals, r the interior might not be stock. A #4 car can also be a deteriorated restoration. "Fair" is the one word that describes a #4 car.