I bought a complete engine ready to bolt on and run for £150 (about 225Euro i think?) its an early 50's 36hp so not as sought after as the 50 24hp your looking at. But just goes to show you dont have to pay a fortune. a few correct items added and it wont look too disimilar to a 24hp anyway (see picture).
I was offered a febuary 1949 block which had been opened and checked buy a specialist, it was fine even the bearings were not even bad. The guy wanted 400Euros. So I guess 500 is ok providing you know your not buying a piece of scrap.
Someone on the Samba (who i must say knows his stuff) told me i need to budjet 10K for a correct 49 engine. That seems crazy to me, but if you are planning on building up the 50 block things could soon add up?
I suppose it depends on what you plan to get from the engine, is it simply to get the car moving, for correctness, or you fancy building one?
One thing you may wish to try is searching old German fire stations, they often have early engines laying around that were used for pumping water, so low hours healthy (well maintained) engines, you just need to add top parts to run the car. Also many of these engines if not all never were given a number, so you could give it your own :wink:
hope i have been of some help?
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Past Restorations
1954 International Tractor-----1971 1200 Orange Beetle-----1985 Mk3 Escort S1 RS TURBO
1972 1600 VW Camper-----1969 MK1 Escort Mexico RS-----1949 Standard Beetle (incompleted)
1993 Escort Cosworth 4x4 350bhp---1970 1300 Orange Beetle---1971 Aston Martin DBS Vantage
1992 Mk Golf GTI 16v (2.8 VR6 conversion-----1982 MK3 Escort RS 1600i (restored twice!!)
1987 Sierra 3dr Cosworth to concourse--1968 1300 Red Beetle--1967 1500 Lotus White Beetle
1972 1200, Orange beetle (yes I like orange!)
Currently restoring
1958 old english white golge rag top--- 1992 mk3 Golf VR6