The State of IL finally got smart about six or so years ago. They decided to title a vehicle to what it most closely represents. This is done as long as you get an NSRA inspection, which is free. I think they also went a little farther and allow a person to get a title on an abandoned vehicle on a property as long as the property owner gives the person a bill of sale. This was thought to help clean up some of the cars sitting around that could not be restored without getting a "title".
I go to a lot of shows with swap meets and have you ever wondered why the guys selling titles are selling them for $50 - $200 and they are for "decoration" only and they are selling them like crazy at these events. We have insured quite a few 1965 Ford Convertibles aka Cobra replicas.
Robbin
Midwest Classic Insurance
www.cobrareplicainsurance.com