1961 Dodge Lancer, is it worth it?

If it was My Grandfathers car you couldn't pay me enough, if I was out to purchase one about $500. Even if I was not going to use it as a driver I would slowly fix it up back to stock and bag it for some time in the future and drive it with pride. My Grandfather died in 1951, what I would pay to have his 1938 Ford.