CURRENT MGB VALUES For Number 3, strong drivers:
1963–67 Mk I convertible: $9,600 1966–67 Mk I GT: $6,300
1968–69 Mk II convertible: $9,000 1968–69 Mk II GT: $6,100
1970–73 Mk III convertible: $8,400 1970–73 Mk III GT: $5,500
1974–79 Mk III convertible: $7,200 1974–76 Mk III GT: $4,700
1980 Mk IV convertible: $7,300
The Life Changer Growing up, Pete Cosmides was smitten by his uncle’s Austin-Healey Sprite, and he knew he’d have a sports car some day. Saving every penny, when he turned 17 in 1975 Pete bought a new MGB. He drove it to college in Arizona and it was his daily driver until the late 1980s.
After years as a Federal Express driver, Cosmides broke his foot. Dur- ing his six-week recovery, he decided to follow his passion for MGs. He set up a part-time repair and restoration
business, taking his Motorcar Garage full time in 2002. Outside of work, he admits to spending all of his vacation and weekends immersed in car activi- ties, because, he says, “that’s where all my friends are.”
In addition to the MGB that started it all, Cosmides now owns an unre- stored 1963 MGB and a rare factory 1974 MGB/GT V-8.
King of Clubs Young Richard Liddick coveted his neighbor’s MG Midget and promised himself that one day he’d own one. But when it came time to buy a new car, a mechanic convinced him not to buy the Midget, MGB or TR6 he really wanted, by telling him, “You don’t want to buy one of those. You’ll have to work on it all the time.” Liddick succumbed to the pressure and bought a Chevy Vega instead. Eventually, desire overcame caution and Liddick — current chairman of the North American MGB Register — bought his Midget, soon followed by a 1971 MGB/GT, which he still has. For four years he also used a 1974½ GT as his daily transportation, “until rust got it.”
A few years ago, Liddick picked up a 1977 MGB roadster almost by ac- cident. “I was trying to talk a young neighbor into an MGB,” he remem- bers. “He’d watch me work on cars and go to shows with me. The deal was I’d get it on the road and the kid would buy it for what I had in it. When he backed out I decided to keep it.”
The Racer From almost day one, MGBs have been raced hard — just like MGAs
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