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I think that ALBUQ is right, the frame looks like it was just hit with some $5 "general purpose" rustoleum. Also, the Paint on the Valve Cover is gone, but it is still there on the header.
The missing paint on the engine looks like the typical damage from a high-pressure wash gun at the quarter car wash.
I've learned almost anything is possible but not everything is believable. Back in 1982 I traded a guy for a 1954 F-100 that had like 32,000 miles on odometer. I said Oh! 132,00 miles. The owner said miles are correct and he bought it originally to haul small supplies to a local mine he operated outside of Barstow Calif. He said it looked rough but had all receipts of maintenance and mileage . The truck looked faded/sand blasted and full of silt but it drove like a dream. Like a truck with only 32,000 original miles . I ran that truck a long time and had it repainted the original color. I never really knew for certain if that wasn't the original miles. But I do know I wish I had never sold it......
I once bought a 61 Impala 4 door hard top at an estate sale that had 28,000 miles on it in 1997. Had all of the oil change receipts from a local service station in the glove box with the manual and original bill of sale. According to the mileage, it was due for an oil change. It sat in a garage for over 30 years. Tires, seals, radiator, brakes, gas tank, exhaust, coil, points, wires, headliner, seat covers all were shot and had to be replaced. I drove it for 3 years and sold it with less than 50,000 miles.
It's possible but extremely unlikely. Did anyone notice the repro tail lights? The seller says that it has never been in any kind of accident......I wonder if he considers trying to scam people and accident?
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.