1987 R-10 is Worth What ?

[phattailrider]

2 Months Ago i bought an '87 Silverado 1/2 ton simply to do some minor gravel and top soil hauling .

I'm not all that savy on How or What to Look For When Buying a Used Truck,
however, I may have stumbled onto a real gem of truck !

It appears all this truck was used for was to haul bales of hay on a very occasional basis .
The body and the bed are perfectly straight !
All the hood, door, window and bed seems fit perfectly too !

Other than the typical bad paint used on Chevy trucks back then, the body is in near mint condition .
Only ONE minor door ding on the whole body & bed !

It has a 305 that runs strong and only has 106,000 miles on it .
The tranny has a slow leak, but it doesn't burn or leak oil at all .

Question #1)
I'm just curious if $1500.00 was a fair price for a truck that looks like crap because of the bad paint,
but is otherwise in near mint condition inside and out ??

Question #2)
Is a 1987 Silverado R-10 with the 305 a popular truck for restoration ?

Thanks for any input !