Or....you could have a break or rub through somewhere along your sending wire. If you ground out the wire - anywhere along wire - it will peg out full on the gauge.
There is a few obvious ways to test this, with continuity or with a temporary replacement wire, but first get a good flashlight and trace the wire, and inspect it.
I have had my issues with a 70 and a 69, but one thing that surprised me is the way the original stuff keeps working. Check the obvious things first, before removing the dash.
Also, if the PO has put some sort of sealer around the gas tank to trunk floor seam, it can disrupt the grounding. try a good ground cable temporarily from sender to body. Might be a simple fix.