UPDATE: Price dropped to $3000.

(11/21/09) Lots of upgrades to this jeep.  Not a bad price.  There are some minor issues the seller lists on the craigslist ad.

“Motor – Chevrolet 327-V8 with headers. This thing moves. Custom dual exhaust. Transmission – Dana 20 T-18.  4-speed twin stick.  Gear Ratio – 4:27.  2HIGH, 4HIGH, 2LOW, 4LOW.  Under axle shackles, no lift.  33 X 12.5 R15 Wheels.  All Terrain Tires.  30 Spline Dana 44 Rear Axle (NEW UPRGRADE).
Mico-Lock – (4wheel hydraulic parking brake).  Power Steering.  Tilt Steering Wheel.  Tow bar. Auxiliary lights….. Contact me 916-218-5676 Christopherwilliam@myself.com”

http://sacramento.craigslist.org/cto/1476498373.html

I would assume this has a Dana 44 in the rear and probably a Dana 27 in the front?

“1969 cj5 rebuilt buick 225, sm465 trans (4spd), dana 18 twin stick, dana 25 front 4.88,dana 27 4.88. dual 10 gal tanks. front bucket seat from jeep cherokee. fold n tumble rear seat new brake mstr cylinder, electric fuel pump. This has been a good rig for me great for hunting, wheelin, or just driving. No longer use so just need to sell.  asking 3000.00 obo  Please call me at 206-227-2302 Pat or Pete 509-533-0741.”

http://spokane.craigslist.org/cto/1568833654.html

UPDATE:  **SOLD** Was $2000. 

(12/26/09) “1959 willys cj body style xtra parts has ford v8 installed. was used for hunnting and snow car. soft top ruff was listed for 2500.00 but wife says sell so price reduced to first 2000.00 takes!”

This is a running CJ-5 with an old school top (very hard to find), nice rims, new fenders, v8 and sm465.  This might have some good value.

“This is my 1963 Jeep CJ-5. It has a Chevy 350 v8 engine with a Chevy sm465 four speed with granny low manual transmission, Dana 18 transfer case connected by an Advance Adapter conversion adapter. It have custom made driveshafts, a 4 inch trailmaster lift and shocks with Conferr 1.25 inch lift shackles. It has stock rears with 5.38s in them and a dana 44 out back. The transfercase was lowered using a Rancho lowering kit. The steering has been updated but needs to be finished to use a saginaw box and a gm column. The engline and trans were rebuilt with low miles years ago but its been sitting for ten years and needs some going over. The clutch is brand new and doesnt have a mile on it. All the brake and fuel lines have been re run and are new. It has headman headers with glasspacks. Exhaust needs to be finished. it will need the clutch to be hooked up to the pedal and a radiator. There is no grill in the pick but I have one with no rot. The floors have been replaced and there is no rot on the body. The body was off of a 75 I believe. The fenders were new replacements . It has a poly replacement gas tank. It will need a master cylinder and booster. It has custom skid plates under the ubolts. Mustang Seats. A very rare bestop fastback top in very good condition. I have a dash with all the gauges in it that goes with it. The tailgate was replaced but has some minimal surface rust. Diamond plate rockers are included. She is sitting on 35 inch bfg mud terrains on American racing Outlaw Rims. Tires are dry and will need replaceing. This Jeep is near completion and will make somebody a great project. I just dont have the time to finish it right now. Feel free to ask any questions. Matt Wrangler not included lol”

http://newjersey.craigslist.org/cto/1549625790.html