I've just dug out my Motor Cycle Mechanics of October 1960 (Bought at a jumble, not my me then! I was only 14 and my favourite bike was the Ariel Leader with full panniers kit in turquoise and grey/cream!)
Anyway, I digress. In its Buyer's Guide my 1959 '99' was listed as worth £215 (Secondhand of course) That's equivalent to £5,048 in today's money - so not as dirt cheap as it sounds!
Some years ago I managed to find a bike mag with my very own bike in it - Pride & Clarke 1965 - it was £59.10s. = £1,217! That IS cheap!
You can edit your own posts
Lionel,
If you edit your post no one will notice!
Alan
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Can't edit that part!
When I go to "Edit" I can only edit the second part! It has linked my first two posts together.
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Inflation calculation
I'm an economist by trade; I think my colleagues would probably first go to the Bank of England's inflation calculator at https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator.
However, the construction of price indices, and hence calculation of inflation rates, is a complex and thus controversial topic.
Comparisons over extended periods of time are especially problematic, partly because the mix of available goods changes (problematic if the comparison is over many decades), and partly because of quality changes within particular types of goods (the so-called hedonic issue, relevant over – say – one or two decades or more).
To illustrate, the B of E calculator will tell you that Lionel's £215 Dominator in 1960 would have been worth £2.43 (£2 8s 7d, plus approximately one farthing) in the year 1209, but the meaningfulness of this is questionable for fairly obvious reasons.
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Worth more?
Hi Anna, generally speaking a 1961 Strat will be worth a lot more than a 1978 one! It depends on condition and provenance, but I would expect yours to be worth in excess of £15,000! Some are advertised at over £38,000. This would only be for an original, not a re-issue.
Ask Mr. or Mrs. Google
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wow lionel
Hello Now yes my 1961 Fender ST red with white fretboard is all original and still like the day I bought it and I have a Torre flamenco guitar made from 1958 in cadiz spain witch is still like new as I look after my stuff That why my Nortons will last me out I recon my Norton will be around long after I am gone now look after yourselfs yours anna j
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You can't...
... have played it much Anna! Mind you I'm a Gibson fan with an ES335 and SG Special. I do play them through a Fender Vibrolux Reverb however.......
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Gibson SG
Hello well I do practise nights from time to time just to keep your fingers fit and I had a Gibson SG in maroon red and a black les paul I give the SG to my young nephew and sold the Les Paul and now left with my white over red Fender ST off 1961 vintage and she still plays good I have a number of power amplifiers and amplifier heads and one practise 20 watt combo-amp and 12 pairs of speakers cabs most I made all fitted with the world best speaker chassis FANE colossus and still made in Yorkshire and I have 3 big mixing desks the biggest is a studiomaster 24-2 the other one is a soundmaster 16-4 along with 2 soundmaster power amplifiers one em 1000 watt and a em1600 watt steiro at 8 ohms both very powerful amps that can blow widow out the last time I tryed them out I nearly got myself arrested as someone had reported the noise and I live around a mile from any one So you see how powerful they are in a five minute test run and never tuned then on again that was 20 years ago I would not get away with it now, And now I have a grandchild at 15 years old now learning music, and she can sing well too that our holly she sang on youtube a brave girl she doing good at school. The reason I got into guitars was at school music class and later in my tender young years we set up a band called the Shades And played at working mens clubs and the odd pub or two And I played lead guitar which was a Black Les Paul with gold banding now as for the music we played was all based on the shadows stuff of the time, and I even meet up with them too and many more top bands like the WHO and Yardbirds and Mick Jagger and the stones and strung up Jimmy Hendrix Fender strat On the back stage in 1970 isle of wight rock festival now he was a cool guy and a nice man to talk too then I was a trainee Sound engineer for Altec Lansing London and I have the sound desk hear we used back then we had so much fun back then and many adventures now do have fun with your guitars and Nortons yours Anna J
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I've just noticed that, in a Comerfords ad in the same magazine, they have a 1959 '99' "Immac" for £195 - a bargain!
Incidentally, a new Leader was £197 16s 6d = £4,645 today. P & C were selling new Monoblocs from 45/- = £53 and they would repair, reset and clean your speedo for 15/- = £17.61; or exchange a Smiths with trip for 32/6 = £38.15. A new Smith's with trip was 90/- = £105.66. Still cheap because they were still being made new then.
I use https://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html as a calculator. Very useful when people say how much cheaper things were in "The Old Days". Any of you musicians from the 1960 - 70s will know how not true this is! E.g. A Fender Stratocaster was 160 Guineas in 1962. That's £168 = £3,777! Don't even start me on guitar amps! I bought my own 1978 Strat in 1982 for £240 (£929) but it's now worth over £2,500.
[PPS-my first post reads "bought my me..". It should read "bought by me.."]
[PPPS- Sorry about the Ariel spelling mistake!]