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Old 30 August 2009, 01:24 PM   #1
PHPuser
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Icon5 Initial Cost?????

After reading the thread whether a Rolex is a good investment I was wondering what my father paid for his 1953 SS Oysterdate? Anyone have any ideas? I know I've seen a price list somewhere either on a thread or a website that goes back to the 70's. And I know I've seen a receipt for a 1971 airking (I believe) for $245. But never anyinfo as to what the initial price woulda been back in 1953 for an Oysterdate.
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Old 30 August 2009, 01:59 PM   #2
greekbum
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I think it was around $85-110
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Old 30 August 2009, 02:11 PM   #3
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cool thanks
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Old 31 August 2009, 02:54 PM   #4
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a postage stamp in the 1950s cost 3 cents; today's cost is 39 cents - 1,300% inflation;

a gallon of full-service gasoline cost 18 cents before; today it is $2.28 for self-service - 1,267 % inflation;

a new house in 1959 averaged $14,900; today it's $282,300 - 1,795% inflation (+1,510% if quality-adjusted);

a dental crown used to cost $40; today it's $740 - 1,750% inflation;

an ice cream cone in 1950 cost 5 cents; today its $2.50 - 4,900% inflation;

monthly government Medicare insurance premiums paid by seniors was $5.30 in 1970; its now $88.50 - 1,664% inflation;


A 1953 Rolex Oyster Date cost $100. A 2009 Oyster Date costs $5,000

Quite an incentive for preserving quality things.
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