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Yes, I had one of those in my car. Granted most Cobras could be stolen pretty easily with some wire jumping, but that switch is really bad. Take any flat blade screwdriver and push it into the key opening and the guts will pop out.
I bought a Factory 5 ignition switch and had a key made without their logo. It uses a real key instead of a lawnmower key like the one you have pictured. The only issue was the size of the terminals were smaller making it hard to hook up 3-4 wires.
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