- Joined
- Nov 21, 2012
- Messages
- 793
I figured I would start a thread that some might find interesting.
I recently found the price of a Colchester Chipmaster in 1975 was £1595.00 - or $2390.00 USD
I had paid £2690 for my machine late 2012 - or $4024.00 USD
This would appear like I had overpaid dearly for the machine. when I checked this against inflation and average earnings in the UK though, I was left with the following:
Current worth according to retail price index - £10400.00 or 15560.00 USD
or worth using the average earning index - £16400.00 or $24540.00 USD
Since the lathe was imported into Sweden, I am assuming there would have been taxes, duties and a healthy profit margin added to the price. All things considered, maybe I didn't do so bad after all. Anyone else want to play this game with a vintage machine? Tell us what it would cost today. This will help people put things into perspective that maybe we are not so bad off after all.
Paul.
I recently found the price of a Colchester Chipmaster in 1975 was £1595.00 - or $2390.00 USD
I had paid £2690 for my machine late 2012 - or $4024.00 USD
This would appear like I had overpaid dearly for the machine. when I checked this against inflation and average earnings in the UK though, I was left with the following:
Current worth according to retail price index - £10400.00 or 15560.00 USD
or worth using the average earning index - £16400.00 or $24540.00 USD
Since the lathe was imported into Sweden, I am assuming there would have been taxes, duties and a healthy profit margin added to the price. All things considered, maybe I didn't do so bad after all. Anyone else want to play this game with a vintage machine? Tell us what it would cost today. This will help people put things into perspective that maybe we are not so bad off after all.
Paul.