@Bludice: These days the odds are that the 239 is no longer in the car and someone put a 272 or a 292 in it. I have lost track at the number of 50s Fords over the years where this has been the case. From all external appearances, the 239 looks like the 292 and even the 312 because the EXTERNAL dimensions are the same. The internals are of course very different as other posters have already stated. I know a number of guys that run 239's in their trucks and cars and it is very reliable. IMO, I would keep the 239 in the car you are going to buy if it runs well. If it needs a rebuild, go for a 292 build. If you are patient you can build one cheaply. Parts just off the shelf at a moment's notice are what brings the high prices.
Me? I would purchase the car, run the 239, and then work on a 292 or 312 build in the background over the next couple of years. I have a 292 I am building now that I have had punched out to 312 and .030 over that. Got a good 312 crank to go in it, Egge pistons, roller timing gears, other goodies. I have not purchased my rods, push rods, or cam and lifters yet. However, I only have $600 total in receipts (YES -that includes all of the machine work to the block by a reputable machine shop that has been open since the mid 60's).
Can you really trust my opinion? Look at my sig line lol!