Couple 60s ads.
- Thread starter Dosing
- Start date
OK, these are U.S. adds. Let's see what happens when we put these in an inflation calculator.
I'll use 1960 as the target date.
Lee Enfield No1: $9.95 -> Today: $68.74
Lee Enfield No4: $14.95 -> Today: $103.58
M1 Garand: $79.95 -> Today: $553.95
M1917: $29.95 -> Today: $207.51
M1903: $39.95 -> Today: $276.80
P-14 Sniper: $79.95 -> Today: $553.95
(probably the best buy as far as value today is concerned, along with the cheap Enfields)
Source:Tom's Inflation Calculator.
Also using the 1960 figure:
Average yearly wage (per capita) of a worker in California in 1960: $2,043.91
That same wage adjusted for inflation in 2007: $14,161
Based on U.S. census data in 2004, the per capita yearly income in California in 2003 was $33,403. When we adjust for inflation in 2007 dollars, that amount adjusts to $37,440.97.
Source.
The list is adjusted in 1994 inflation standards, so I used a Calculator to bring the target year to 2007, and then back to 1960 to work out the actual non-inflation figures for that year.
So, today the average person makes more than double what the average person made in 1960 (2.65 times more money, to be exact).
Let's do some math now. Let's round off to make things simple.
*Average price of an M1 Garand in California today: $650 (educated guess, based on what I've heard. Beaters usually fall below this and better examples above.)
*Average per capita income in Calafornia today: $37,000 (gross)
650/37,000 x 100 = 1.75% of a persons average yearly income.
*Price of an M1 Garand then: $553 (adjusted for inflation in 2007)
*Average per capita income in 1960: $14,161 (gross, also adjusted to 2007)
553/14,161 x 100 = 3.9% of a persons average yearly income.
So there you have it.... Garands are CHEAPER today when you consider average wage increases between then and now.
If you guys don't trust my census data, go here. The figures are similar: U.S. Census Bureau website: historical data.
So guys.... quit your whining.
Firearms today cost roughly the same to us as it did back then to the average person. Even so, actual prices today aren't as bad as we think they are. Adjusted for inflation and wage earnings, things are pretty good today.
This is why I don't put much faith in investing in firearms. I won't live the 100 years it takes for them to be really worth it. I can't wait until Claven sees this.
I'll use 1960 as the target date.
Lee Enfield No1: $9.95 -> Today: $68.74
Lee Enfield No4: $14.95 -> Today: $103.58
M1 Garand: $79.95 -> Today: $553.95
M1917: $29.95 -> Today: $207.51
M1903: $39.95 -> Today: $276.80
P-14 Sniper: $79.95 -> Today: $553.95
(probably the best buy as far as value today is concerned, along with the cheap Enfields)
Source:Tom's Inflation Calculator.
Also using the 1960 figure:
Average yearly wage (per capita) of a worker in California in 1960: $2,043.91
That same wage adjusted for inflation in 2007: $14,161
Based on U.S. census data in 2004, the per capita yearly income in California in 2003 was $33,403. When we adjust for inflation in 2007 dollars, that amount adjusts to $37,440.97.
Source.
The list is adjusted in 1994 inflation standards, so I used a Calculator to bring the target year to 2007, and then back to 1960 to work out the actual non-inflation figures for that year.
So, today the average person makes more than double what the average person made in 1960 (2.65 times more money, to be exact).
Let's do some math now. Let's round off to make things simple.
*Average price of an M1 Garand in California today: $650 (educated guess, based on what I've heard. Beaters usually fall below this and better examples above.)
*Average per capita income in Calafornia today: $37,000 (gross)
650/37,000 x 100 = 1.75% of a persons average yearly income.
*Price of an M1 Garand then: $553 (adjusted for inflation in 2007)
*Average per capita income in 1960: $14,161 (gross, also adjusted to 2007)
553/14,161 x 100 = 3.9% of a persons average yearly income.
So there you have it.... Garands are CHEAPER today when you consider average wage increases between then and now.
If you guys don't trust my census data, go here. The figures are similar: U.S. Census Bureau website: historical data.
So guys.... quit your whining.
Firearms today cost roughly the same to us as it did back then to the average person. Even so, actual prices today aren't as bad as we think they are. Adjusted for inflation and wage earnings, things are pretty good today.This is why I don't put much faith in investing in firearms. I won't live the 100 years it takes for them to be really worth it. I can't wait until Claven sees this.
Last edited:
- Location
- Downtown Vancouver, BC
Just like I did at my college beer garden this afternoon, sans the puking.Coyote Ugly said:Invest in Beer and piss it all away! Then you'll have nothing to show for it, except:
desporterizer said:
-Enfields still come in.
-RC Mauser K98's
-Mosin Nagants
-Schmidt-Ruben K11, k31
-Swedish Mausers
-SVT-40's
The Mil-Surps from 60 years ago haven't dried up yet, and there are still a ton of them here that were bought over the past 60 years. Nicer examples may rise in price but they can still be had.
I saw this posted on Gunboards by "Simon" and I thought you Enfield No.4(T) collectors here might get a kick out of it.
No.4(T) Enfield Sniper Rifle for $38.88
(Click PIC to Enlarge)
Regards,
Badger
--------------------------------------------------------------------------
Milsurp Knowledge Library (Click HERE)
No.4(T) Enfield Sniper Rifle for $38.88
(Click PIC to Enlarge)
Simon from Gunboards said:
Regards,
Badger
--------------------------------------------------------------------------
Milsurp Knowledge Library (Click HERE)
When I was younger I worked for a guy named Graham who owned Can Am interprises he sold all kinds of military stuff the first time I went to his store (before I worked for him) I was greeted with floor to ceiling stacked bren guns in the transit boxes that did for me I asked him if he needed a cheap employee (i worked for parts/guns etc) when he said yes i thought I died and went to heaven the stuff in that store was incredable he had a warehouse in the back that was just full of stuff he told me stories of have CNo7's stacked like coard wood and vickers and so on when he retired he sent his stuff 3 trucks worth to a big dealer in the US.that was a sad day for me .one of the most interesting items I bought from him was a bren gun machine rest from the Inglis factory he got it from Elwood Epps who got it from the gov't when he was doing some sort of ammo testing for them back in the day .I wish I still had it but at 350lbs it was hard to move around .
when i was a kid, i recall walking down hasting street in front of a pawn shop that had a rack of LE in the window for $29 each.
so the priced had doubled in the 10 years from early 60s to early 70s.
i also recall the canadian dollar was higher than the US, C$1 = US$ 1.15 .
thanks tyler for the interesting inflation figures.
so the priced had doubled in the 10 years from early 60s to early 70s.
i also recall the canadian dollar was higher than the US, C$1 = US$ 1.15 .
thanks tyler for the interesting inflation figures.
This is the kind of stuff I was telling you guys about. Lots of these cheap costing rifles were bought up and sporterized. We call it Bubba-ed today, but back then hunters only saw what seemed like a never ending supply of these war rifles. So converting them to lighter configurations for hunting purposes was normal. Sucks to us now because we will never see this kind of supply and for those prices ever again.
