UPDATE: Price dropped to $1700.
(12/09/2018) Has rear floating hubs. There might be some value.
https://phoenix.craigslist.org/wvl/cto/d/wickenburg-willys-jeep-cj3a/6845732444.html
“1951 cj3a no motor, transmission or t-case. Full float rear axle with matching front and rear hubs. Power loc in the front with 5.38 gears. Rear axle has lock-right with 5.38 gears. Has Saginaw power steering gear. Tow bar included.”