A boat like that could easily have a negative value, meaning that the costs of the parts and materials to put it together is far more than the boat would ever be worth, even if you bought the stuff used and wholesale and charged nothing for labor.
If you are going to rebuild a boat from near scratch then you should probably start with a design that is a high quality design that was well built. These were mediocre designs with medicre build quality.
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Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay