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If it's out of a 91 T-Bird, it has to be an independent rear. It has a different bolt pattern than the Mustang. Converting it wold take a lot of work and money. If it's complete, it's worth a lot more than $50. A lot of the Cobra kit car builders use these. Post it for sale on www.FFCobra.Com and I'm sure you'll do better.
 

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And if its a independant rear with disk it would be a super coupe rear with a posi...dose the tag indicate it? If its there?
 
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