UPDATE:  **SOLD** Was $5000.

(11/18/2010) This looks like a real good price for a solid restoration.  This might be a good buy.

“The jeep was brought home on a trailer completely taken apart / frame off was completed. Began project around 2001. I cut out all rotted k bracing and sheet metal in the floor, replaced it with new material and mig welded into place. Spot welds reflecting areas of repairs. Jeep has always been in a garage or under a shed out of the weather since I completed it around 2003.Where good salvage parts were available I used these when replacing other older or worn parts. What is M38 tubb, frame, running gears, right fender, hood and grill, m50 antenna mount. Deep water fording kit is nos. I purchased it in the original crate. Top bows are aftermarket and maybe the rear tire mounting bracket. Most of the other parts are good salvage replacement or nos where and when I could find them. At time of original rebuild all brake lines were replaced and master cylinder was honed and rebuilt. I made a home made wiring harness as I was not sure if I would make it a 24 volt system or not and wanted to get it rolling. All fuel lines were replaced as well. It was undercoated with a coating called tool dip which is a black mastic type of undercoating and is military surplus. Fuel tank has been permanently sealed in military aircraft fuel tank sealer, also a mil surplus item. All seals were replaced and where needed suspension parts were replaced with new when original rebuild. Seat cushions were purchased new from Beachwood canvas, includes 3 lowers and the upper rear. Front uppers are original spring type for that original fell and sound. Front canvas seat covers sewn by my grandmother. No covers for rear. Windshield frame and left fender are cj3b. I began installing the rifle rack mounting but it needs to be completed. The brake shoes and brake cylinders replaced only a couple years ago and the drums turned. The brakes will stop stand and hold vehicle in place. Comes equipped with Slectro brand locking front lock in lock out hubs Engine was pulled from a 1952 cj3b. I cannot remember mileage. It is a non smoker. I purchased the jeep locally. Before pulling engine from jeep I removed oil pan and cleaned sludge from oil pan installed new gasket and replaced. Had to remove thermostat as old one was sticking. The engine has operated great since and has never let me down. It has received regular oil changes The most Recent new parts include new NAPA Battery and sporting a new paint job Army Jeep Parts WW 2 semi gloss Korean era Inoperative are wipers , horn wired but not working, fuel gauge wire not reading right, speedometer in tact but no speedometer cable. No Turn signals or wire for them but have military turn signal switch mounted on steering column …..”

It sounds like this has seen a pretty thorough rebuild.

“This is a fully restored and parade ready willys 1951 m38 jeep, korean war era. the jeep has been restired, and is rot free, new decals, new brake system, rebuilt steering box, new shocks, new tires, new exhaust,new side steps.  New windshield, all rubber replaced, the interior has the military grade canvas, the back seat is not mounted, the tail gate is bolted closed. The jeep also has had a heat unit installed for those cold winters!.The generator has been rebuilt, 12 volt electric, new battery, features spare mount, jerry can, ax, shovel all original equipment!. the 4 wheel drive has had locking front hubs updated. three speed shift , everything runs and shifts great. PLEASE NOT THE FRONT SEATS SHOW A SEAT COVER ON THE DRIVER SIDE, THAT IS SO I DO NOT MESS THEM UP!come see make offer!! PHONE # 631 235 4223”

http://newyork.craigslist.org/lgi/cto/1882631646.html