TGC.... what's the asking price! We can all have a better opinion when we know that. To be frank the car would have had to be totally rebuilt recently and in excellent fettle to reach the standard price for that car and year. Do you know the car? and have seen it for at least several years to formulate an honest opinion of it? Personally, and for what its worth I think without a lot more detail and fully inspecting the car it would be hard to price it on the information you have given us, I would put it in the bargain basement category and at a very cheap price too. A Morgan car with that mileage on it can really only go for a cheap price and realistically it would be a very hard car to shift other than to someone who see's it as a full rebuild option or wants to wet their feet in the world of Morgan and loves spanner-ing. And for all that's holy, take someone who knows what a Morgan is and should drive like and negotiate hard.....V...hard!
There are plenty of us who have been caught, The chap who strives to find the lowest milage Mog for his money only to find that when he starts to use it fault after fault happens from being under used, Tyres looked new but are stuffed through sitting in one spot for ages and are hard from age.

Do not part with the folding until you are absolutely certain of exactly what you are buying and why! Every one of us here has been charmed by the Morgan car and you will find yourself talking the car up despite it's faults because you want one so much. You are on the right site for help and advice .... listen to them and your knowledge will grow! If you haven't already, join the local MSCC branch and ask for help and advice!