340 block with NO main caps

Is it even worth $50 as scrap iron ?
About $4 at our local scrap yard LOL....

Check out the lifter bores, OP, to see how bad the rust is. I needs to be honed out and if they hone too big to get them all cleaned up, then you have potential oil pressure problems.

Still shaking my head at that one. What the hell is burying it in dirt gonna do besides rust the **** out of it. Thats some backwoods medicine man type ****.
Harley used to set their engine blocks outdoor in the weather for 2 years to 'season' them as standard practice; stress relieving them and allowed them to 'relax' to their final shape after casting but before machininng. I remember driving by the yard outside their factory near Milwaukee many years ago and seeing that... but they did not bury them. Maybe only cast iron gets buried LOL