|Forum topic by RogerBean||posted 03-19-2015 03:57 PM||660 views||0 times favorited||1 reply|
03-19-2015 03:57 PM
I hear many laments these days about how overpriced today’s premium hand tools are compared to other alternatives. I am curious whether, inflation included, if this is actually true, or merely wishful thinking. So, I looked at my 1909 Stanley Tools reprint combination tools catalog and see that a #55 combination plane was priced at $18.
I then went to the website: http://www.usinflationcalculator.com to see what the price would be today. The index only goes back to 1914, but from then the increase in price would be $18 times 23.61 to get to a today price of $424.98. (Interesting that this in the neighborhood of a complete used #55 today). I would presume that if anyone manufactured a #55 today, that a NEW one would be more. But, they don’t, so it’s a moot issue.
Trouble is, I don’t have the prices at hand for block planes or smoothers, etc to compare to the current prices of Lie-Nielsen, Clifton, or Veritas, etc products. So: Are today’s hand tools unreasonably expensive… or are they a relatively good deal?
I actually don’t know. Does anyone out there have original price lists that would calculate to current prices using the inflation calcluator??? I’d be interested in the answers; probably a lot of others would be interested as well.
-- "Everybody makes mistakes. A craftsman always fixes them." (Monty Kennedy, "The Checkering and Carving of Gunstocks", 1952)