Larry,

$100 would most likely be a good deal.

Worst case scenario:
- will you have to pay to transport it to you?
- how far away is the scrap yard?

Do you have to take the whole truck (do you want to take the whole truck)?

If you only want the engine/transmission, can you get it out of the truck (by you and/or the owner)?

Good luck. I'd take a gamble on a 261 and 4-speed for $100