Jay Honeck wrote:

Current owner says he's got $28K invested. He's talking $21K. We're
thinking (pending inspection) maybe it's worth $18K.

Any Ercoupe experts out there? Whuddya think?

Not an Ercoupe expert but I heard that the LSA complaint C models have
seen a bump in value over the last few years as should be expected.

You know though with the three of you working on it you could probably
build a brand new 601XL from a quick build kit during the summer. for
about the same price.