Originally posted by BIGBEN
69 Charger 500, which isnt the Daytona in a manner of speaking, it's a Daytona with out the nose or spoiler. Only 80 were ever produced, my buddys uncle found one in a barn a couple years ago, fully restored it and sold it to Jay Leno for 120,000$
Actually, the Dodge Charger 500 was built out of necessity. NASCAR drivers hated how the 69 Dodge Charger handled.
The rear portion needed to be made in a more "Fastback" style for better downforce to the rear wheels. This modification made the Dodge Charger handle a lot better.
Next, the front end of the Charger had hidden head lamps, and a smaller surface area. This also made the 69 Charger handle poorly. The 68 had a better front end, and therfore had more downforce, so they remade a new front end that had more surface area, which improved downforce greatly, and made handling much better.
Because of certain rules NASCAR had, Dodge couldn't use the new Charger unless 500 of them were made available to the regular buying public. Dodge called the new Charger the Charger 500 for that reason. Truthfully, only about 380 of them were made for the buying public, but that was good enough for NASCAR.
About 60 to 70 cars were made into Race Cars, with a few more saved for parts, and what not. The engine of choice was the monsterous 426 HEMI, but a lot came with the 440 Magnum engine. The 440 Magnum was easier to handle and tune "on the fly" during races, compared to the 426 HEMI, so that's why that option was available. Plus the 440 Magnum is more of a "street" engine, and 426 HEMI is more of a "track" engine.
Was the Dodge Charger 500 your "buddys uncle" found a Race Car, or a tricked out hot rod? You can find Charger 500s rebuilt for about $25,000 to $35,000 according to my muscle car buyer's guide book. I saw one in Germany, heavily modded, chopped and channeled for about $75,000.