61000 miles is NOT high mileage. In fact, that's low mileage for that car (15000 miles per year being avg). There's absolutely no reason at all to have to rebuild the engine or transmission unless the previous owner was hard on the car and tore it up. If the tranny is giving you problems it would probably need a rebuild. But the engine should be just fine. What problems are you having with the car?
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1967 Mustang Coupe
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