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1964 MG MGB Mk I
2dr Roadster
4-cyl. 1798cc/95hp 2x1bbl
#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good
$12,700*
+16.5%
#4 Fair condition#4 Fair
Jan 2025
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1962-1969 MG MGB stats
Highest sale
$132,511
Lowest sale
$182
Most recent sale
$17,850
Sales
536
Photos
28 photosImages may not reflect selected vehicle.
Past sales
$17,850
1968 MG MGB Mk II
55000 M
Standard
North America
Mar 13, 2025Bring a Trailer
View details
$12,298
1964 MG MGB Mk I
79810 M
Standard
Europe
Mar 6, 2025Bonhams Cars Online
View details
$7,128
1969 MG MGB Mk II
Standard
Europe
Mar 4, 2025Car and Classic
View details
$10,152
1963 MG MGB Mk I
60000 M
Standard
North America
Feb 24, 2025Bring a Trailer
View details
$22,575
1969 MG MGB GT
40000 M
Standard
North America
Feb 23, 2025Bring a Trailer
View details
$17,120
1965 MG MGB Mk I
64560 MILES
Standard
North America
Feb 20, 2025Hagerty Marketplace
View details
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Model overview
Model description
The MGB received a new five main bearing engine in October 1964, derived from the new Austin 1800 FWD sedan. The rev counter gear was deleted and an electronic tachometer fitted. The U.S. oil cooler was standardized in other markets.
Sales continued to climb, setting a record of 26,542 units which would not be surpassed until 1977. U.S. sales increased to 16,753 units, four times the number of cars sold in the UK. The MGB was fitted with Lockheed front disc brakes from the outset and rear drums. The front suspension sub-frame was separate with rack-and-pinion steering, and insulated with rubber blocks. Armstrong lever shock absorbers were fitted at both ends with the front shocks doubling as the top A-frame in the coil and wishbone suspension. Splined 60-spoke knock-off wire wheels were optional, initially with eared caps, until safety requirements in the U.S. and Germany in 1966 replaced the caps with octagonal units.
A heater and demister were standard except for hot climates like Australia. A fender-mounted mirror was fitted and one or two driving or fog lights were optional factory accessories. A front sway bar was also optional.
Early MGBs had one of two convertible tops. The most common was the so-called pack-away top which could be dismantled and put in the trunk, enabling enough room for a child behind the front seats. Early cars had and optional cushion for the rear deck. Some cars had an attached folding convertible top which was finally standardized in the Mk II model in 1970. A top boot was included and matching tonneau cover was optional. Black, Red, Grey, Blue or White fiberglass factory hardtops were optional. Black convertible tops were introduced as an option to the colored ones this year. All convertible tops, top covers and tonneaus were black from 1967 on.
Vehicle specifications
- Shipping Weight1920 lbs
- Vehicle Length153.25 in
- Wheelbase - Inches91 in
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Common Questions
The value of a 1964 MG MGB Mk I can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $12,700 for a 1964 MG MGB Mk I in good condition with average spec.
The highest selling price of a 1964 MG MGB Mk I at auction over the last three years was $132,511. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.
The lowest selling price of a 1964 MG MGB Mk I at auction over the last three years was $1,100. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.
In the last three years there have been 32 1964 MG MGB Mk Is sold at public auction.
The most recent auction sale of a 1964 MG MGB Mk I was $12,298 on March 06, 2025 by Bonhams Cars Online.
Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.
Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.
Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.
The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.