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That is a Swift hydro that was factory built pre-1957 when the “Big Dee” replaced this style. Take a look at the photos and tell me why you think the transom would fall out. That is probably the cleanest original hull that I’ve seen in doing this for about 40 years. It looks like a light scuff sand and varnishing, it is ready to run. It has the original paint on the decks as well as decal My guess is that the Swift builders decal is still on the dash above the steering as well. This would be able to be shown at antique engine meets or antique boat shows and be one of the best examples you would ever see.
It always amazes me how people think that this stuff isn’t worth anything. I don’t see any rust on that steering setup. Maybe the photos weren’t up when it was first posted.
Steve