Sounds like a wheel bearing. Usually a pinion will only make noise when you are loading it. (accelerating or maintaining a constant speed). Since it's a 73, the axle thrust is handled with the wheel bearing. You should be able to hear a change in sound by weaving back and forth in the road. You might also be able to tell which side its coming from by jacking up one wheel at a time and running the car in drive. Make sure you don't have a locking diffential before you try this. If the noise is really from the pinion bearing, it will be present regardless of which wheel is being driven. Occasionally rear wheel bearings won't make a noise when the wheel is hanging in the air (car jacked up). This is because the weight is riding on the bottom of the outer race versus pressing against the top of the race when the axle is loaded. Usually by the time you hear the noise while driving the car, there is enough damage to hear it either way.


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