1968 Dodge Monaco 500

2dr Hardtop Coupe

8-cyl. 440cid/375hp 4bbl Hi-Perf

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$25,200 CAD*

equal0%
#4 Fair condition#4 Fair
Value Graph07/2410/2401/25$5k$10k$15k$20k$25kApr 2025
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1965-1973 Dodge Monaco stats
Highest sale
$28,792 CAD
Lowest sale
$550 CAD
Most recent sale
$7,569 CAD
Sales
35

Photos

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1966 Dodge Monaco Station Wagon
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**Figure based on a stock 1968 Dodge Monaco valued at $25,200 CAD with ON rates with $100/300K liability/UM/UIM limits. Actual costs vary depending on the coverage selected, vehicle condition, province and other factors. Hagerty determines final risk acceptance.

Model overview

Model description

Among the first of the mid-1960s muscle cars from Dodge was the 1965 Monaco, which was a sports edition of the entry-level full-size Dodge Polara and mid-line Dodge Custom 880. The Monaco was available only as a two-door hardtop, and featured the potent 383-cid V-8 engine with 315 hp, or 330 hp with dual exhaust. Standard transmission was a three-speed manual, but the automatic three-speed TorqueFlite or four-speed manual were available as options. Approximately 13,200 Dodge Monacos were built for the initial model year.

From 1966 through 1968, Dodge took the successful Monaco and made it to be a high-end version of the Polara, replacing the Custom 880. Monaco buyers could now choose between a four-door sedan or hardtop, a two-door hardtop, and a four-door station wagon that carried six or nine passengers. Only the Polara convertible was not represented in the Monaco line. There was also a special Monaco 500, which was a two-door hardtop that carried the DNA of the original Monaco forward. Most Monacos came with the 383-cid V-8 engine with a two-barrel carburetor offering 270 hp, while the Monaco 500 received a four-barrel carburetor with 325 hp. In 1967, the 440-cid Magnum V-8 was optional and delivered 375 hp. The 1968 Monaco 500 models could be ordered with the 383 at 290 or 300 hp, the 440 with 375 hp, or the famous 426-cid Hemi V-8 option at 425 hp.

In 1969, the new “fuselage” styling was introduced, and Monaco was the top luxury trim level of the Polara line. Available body styles remained unchanged. The base engine was still the 383, and now offered 290 hp. Engine options included the 383 with 335 hp, the 440 at 375 hp, or the 426 at 425 hp. Only minor changes were implemented for the 1970 model year. For 1971, the TorqueFlite automatic became standard equipment and the Hemi option disappeared, while other engines lost 10-25 horsepower.

The 1972 model year saw another facelift, and the 360-cid V-8 with 150 hp became the base engine for Monaco. A Magnum 440 offering 280 hp was also an option. While these seem like dramatic drops, remember that 1972 was the year that horsepower ratings changed from gross to net. Monaco remained Dodge’s full-size luxury car, with all modern conveniences. Slight changes for 1973 closed out this generation of the Monaco.

Collectors will naturally be most interested in the high-horsepower cars of the mid-to-late 1960s, with Hemi engines being the most valuable. 1965 Dodge Monacos will have special cachet as the beginning of the line. It’s also wise to be on the lookout for Polaras that have been retrofitted to resemble authentic Monaco muscle cars.

Vehicle specifications

  • Shipping Weight3885 lbs
  • Vehicle Length219 in
  • Wheelbase - Inches122 in
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Common Questions

The value of a 1968 Dodge Monaco 500 can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $14,950 USD for a 1968 Dodge Monaco 500 in good condition with average spec.

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.

All prices shown here are representative of stock condition vehicles only and based on various data sources, as detailed in About Our Prices. Value adjustments for optional equipment are in U.S. dollars. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.CA/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of the Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved.

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