This seller has plenty to say about this jeep. The seller states “Value with basic OD paint and canvas for the top and seats and some basic parts ($2000 invested). —$6000 – $8000 on ebay.” This may be true, but it underestimates the amount of work necessary. That said, it sounds like there is a good deal of original m38 here.
“Here it is: 1952 Willys M38 (not M38A1) All original data plates intact – The Good: Original Motor 4cyl, flathead Go Devil, No modifications to the frame – body – running gear or anything, Had 95% of the stock trinkets – ie: blackout lights etc., Still set up as a 24V system, Never painted other than the yellow over OD green, Body is 95% sound ( I removed most of the paint to verify this)…”