I can't agree more with Eric and Paul, both raise profound truths. I err on the side of caution with the old Latin phrase, Caveat emptor or "Let the buyer beware".
I would expect a sixty year old car to be used at least during some chunk of time in its life. But... this car, unlike Squarebirds, has a full frame under it. That means it can be separated and restored 'right and proper' like, on a trunion (some call them rotisseries).