1938 Indian Four – Castoro Col — SOLD

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Buy it Now Price: $102,750 Price Range: $90,000 to $97,500 Inquire About this Motorcycle


This 1938 Indian Four motorcycle is a classic example of Indian’s best model. This bike was purchased at the Mecum Las Vegas Motorcycle auction in 2019. This Indian Four is a fully and correctly restored motorcycle. It is an excellent restoration with detail to all things Indian. The bike is flawless except for a couple of road dings. There are no signs of welding on the cases or other damage. It does have a few thousand miles on her since the restoration.

The bike was never started after purchase and has been residing in a climate-controlled garage. The bike was serviced in June of 2020 and fired right up on the first ignition kick. Check out the video!

Go here to view the Mecum Auction presentation on this motorcycle.


Unknown. 3,000 miles reported on the rebuild.


Excellent paint and paint prep. No flaws found on close inspection.

Sheet Metal

Appears to be all original Indian sheet metal. Sheet metal is well fit and in excellent condition. Gas tanks are clean and secure with no sign of compromise.


Excellent condition and carries a great shine.


Strong engine. This engine fires right up and idles out smoothly. Oil pressure, at idle, is 22 pounds and rises to 50 pounds at RPM. Engine cases are clean and no sign of repair.

Wheels & Tires

Rims: Original Steel rims painted black with stainless spokes and nipples.
Front Tire: Coker 450 X 18 in good condition
Rear Tire: Coker 450 X 18 in good condition


Clear Idaho title
Engine # DCH 463
Frame  # 437 463


NADA: https://www.nadaguides.com/Motorcycles/1938/Indian/FOUR-CYLINDER-MODEL-438-78ci/Values
Excellent:    $80,520
Very Good: $39,935
Good:           $24,705

Hagerty Value Guides: https://www.hagerty.com/apps/valuationtools/1938-Indian-Model_438
#1 Concours: $95,000
#2 Excellent: $75,000
#3 Good:        $55,000

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