It's supposed to be a genuine diecast just like the original. $389 is about right in my estimate. The 67 SS diecast is one of the easier ones to make. Not like the 66 SS with it's unique non-polished textured center section. The 67 piece is simply chromed and then painted. The price is set based on the tooling and manufacturing costs and the projected sales. Of course they are manufactured in China which lowers the price too.
they are hard pressed to get youre money on a pre order i called the this time last year and they told me febuary its agood thing i waited
I figured I'd go ahead and pre-order one. If anything, that's what will get them made sooner. All they do is put your name on a list with your credit card #. When the part becomes available, they say they will notify you to see if you still want it. Then after that they will charge your card. They claim no charges will hit your card in advance or without your approval.