Hi Dallas,
my 62 had exactly the same issue but now works fine. What I did was replace the entire speedo cable including the outer cable. I noted that the outer sheath was squashed a bit in places and was cheap enough to do.
Then I removed the speedo and put some light grease on the internal gears after cleaning the dirt off them first. This is easier than replacing cable as gears are simple to get to.
The gear at transmission housing is easy if you can get under car, one bolt and the gear and cable will pull out. Be careful of losing fluid, try and keep back of car up, front down and/or a catch can. The gears are easily checked once out of transmission.
Once those jobs done no problems, bounce is gone, needle moves up and down nicely and no more clicking from gears.
Graeme
Last edited by rhinoman; 01-17-2011 at 05:43 PM.
Reason: Added response to actual question.
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