It is all in the eye of the beholder.
It is an early CJ5 so it lacks the later refinements and is quite a rudimentary vehicle. But that is part of its charm.
From the photo it looks very basic, is there anything else that comes with it??
It has been lifted and overtyred so for me it would be a question of how this was carried out and whether the vehicle overall was driveable and sound. It is far easier to start with a mostly stock rust free rig and repaint, retrim, re-engineer than fix a rusty heap.
Bearing in mind it has seen some life and that paint looks non original (and home done) I would have thought 2-3k for a strictly weekend mild trail rig if it was rust free. If it was rusty then scrap prices, 500 - 800.
BagusJeep lives in Bali.
1981 CJ7 258ci - Bagusjeep
1984 CJ7 258ci - Puthijeep
1981 J20 258ci - Gladys
1947 Willys CJ2A/3A/MB/M38 - Little Willy
1995 Cherokee 4.0 - CHEROKEE