I think the price is a high but it would all depend on a few things. How complete it is, how much needs to be replaced. It may all be there but if one of the those fenders is unreapairable, thats a problem. How much rust. It may have been stored in a barn for 56 years but that doesn't mean it was in a dry place. If it is all eaten up, it isn't worth near that much money. In the end, you may see it, love and make a deal for it for more than the last guy. These old COE's are becoming more scarse, especially complete and without trees growing through them. In the end, its what its worth to you!
Billy