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69 GT 350 480342 for sale on Hemmings.  They have it listed as 1969 Ford Mustang.  I have no connection to the car just an fyi.

There are whole lot of things to think about when replacing the floors in your convertible.  One of the first considerations is to be sure to weld in bracing to keep that body together when the floor comes out.  Whats the condition of the torques boxes and the inner rocker panels?  Its been my experience when removing a floor that lots of other things can show up that need attention; so do a thorough inspection of all of those potential problem areas and make a plan for removal/installation and get your replacement panels ordered and ready to go. 

Get ready to document all of the interior parts and wiring you will need to remove or replace before you can get to the floor removal.  Not a lot of details in your post about your experience level.  Do a good online search for information about what you are going to do.  Some pretty good older publications out there on Mustang floor panel replacement.  Better yet, if you can find a professional or very experienced body guy that has done this stuff before you will be very glad you did. 

Is the seller approachable from the standpoint of understanding he is helping you complete an original Shelby?  There is value in that way beyond the cash. All of the comments posted have been about the money.  I say show your hand to him and see if he understands the value of completing this car.  That block should sell to you for its actual value and a handshake.  I guess if that don't work....buy it and let this guy go ahead and damage his own reputation.

Is this car located in Ontario?  What is the paint code on the warranty plate?  Forgive this question, I've been doing most of my own bodywork for 30 years, what is a blow-in?

I have no connection to this ad.  69 GT 350 482153 listed for sale on the Minneapolis Craigslist.  Ad id 7761189191.  Not able to put a link to it. Nice looking car, color change.

Yes, on a second look, it does look like tape over the hole.  Looked like just a hole first thing this morning.  Maybe they taped it to keep the sealant from squeezing out during application.  On to another matter regarding this Vert I haven't seen any pics of vin numbers on the back of the block unless I missed it.  Looking forward to learning more about this car.

I own 1109 GT 350 built 2/11/69.  No extra holes like the one in your picture, just the smaller rectangular holes for the fender/hood bumpers. And no sealer, caulk or whatever it is under the fenders as shown in your pic. 

This car is also listed in the Hemmings ads under 1970 Ford Mustang GT 500. Better pictures of the car there.

In the Minneapolis Craigslist;  69 Mustang AM radio  C9ZA-18806.  Looks pretty good in the picture and described as working.  Listing # 7681155666.  Tried to create a link in this reply but could not.

Brandosaac, just sent my contact info to you in a PM.  Thanks.

Thanks all for the great advice.  The original transmission was sold in the 80s during the restoration of the GT 350.  Thankfully my car still has the original engine that was nicely rebuilt and the restoration was well done.  I live in North Dakota so its in storage right now, can't wait for spring.

Thanks for the great advice.  I appreciate it. I have had the good fortune to connect with the owner (he had the car for 26 years) who restored the GT 350 in the mid 80s and installed the DN trans.  He said the same thing to me; keep the DN trans and find an original trans to have with the car.  I think its unanimous.

Thank you Coralsnake.  I have been on your site several times learning about my 69.  Fantastic site and information.  Thank you.  Was it the wide ratio that made it unpopular, or just not a commonly ordered transmission?

I have a 69 GT 350 that I purchased last summer.  I've had a few Mustangs over the years but this is my first Shelby and I am still finding my way.  It originally came with a four speed wide ratio transmission data plate code 5.  During the restoration of the car in the mid 80s a 5 speed Doug Nash transmission was installed.  Its great fun to drive and I enjoy the 5 speed but am considering finding an original transmission and putting the car back to the way it came.  My questions;  I have read that the wide ratio trans was not a popular transmission, why was that?  And any advice on where to start looking for that transmission?  Thanks.

Thanks for the info guys, I appreciate it.