Man I hate seeing those bed rails drilled like that, but I know it was a very common thing one time. The way things rust around here, people are scared to drill a single hole in anything for any reason...
The truck looks really solid otherwise, but as noted with the head laying on the seat...lol, that decreases the value obviously.
I always say, start high!
1994 F150 4x2 Flareside. 5.0 w/MAF, 4R70W, stock.
1984 F150 4X2 Flareside. Mild 302 w/ 5spd. Sold.
1980 F150 4X4 Flareside. 300i6 w/ 5spd. Sold in 2021.
1980 F100 4X2 Flareside. 351w/2bbl w/NP435. Sold in 1995