| It doesn't sound that high to me ( Bay Area, NoCal ).  I paid $600 for 
my '53 3/4 ton in 1988. The body looked great but I had to put $6K into 
the mechanicals ( mostly rebuild the engine, tires, etc ). I can't 
recall seeing ANY pickup born earlier than 1960 for under $1500-$2500 
around here, and those were in poor condition per the ads.
One thought tho: now that I've had the truck 17 years I find all sorts 
of rust is coming out from under the perfect paint job it had at the 
time. Perhaps this is normal, but I always thought a 'California' truck 
would have avoided most of the rust, especially a government owned truck.
Good Luck!
          paul
oletrucks is devoted to Chevy and GM trucks built between 1941 and 1959
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