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Value of Old British Doubles

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09 February 2014, 10:31
Frostbit
Value of Old British Doubles
Not sure why I even calculated this but…. My Army Navy 450 3 1/4 cost 46 pounds in 1902 according to the ledger. I went to on online inflation calculator and found today's value of that 46 pounds then converted it to USD.

$28,465


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09 February 2014, 23:16
enfieldspares
A suggestion? Value that £ 46 as gold sovereigns (the gold British one pound coin) and you get?

A sovereign has a gold value of, generously £ 240. So 240 x 46 = £ 11,040.

Now that is way cheap! Maybe another "vehicle" of comparison? Which would be a Purdey or Holland and Holland price, at that same date, for their sidelock ejector?
10 February 2014, 00:36
Omnivorous_Bob
For what it's worth, my Jeffery 8-bore hammerless ball and shot sold for 35 pounds in 1896. A best grade version of the same gun was 65. The barrels were subbed out at a cost of 4 while Ellis Brothers made the rest for 20, leaving a not quite 50% mark up. I always find comparisons to today's costs interesting.

Bob


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10 February 2014, 02:21
cal pappas
In my .600 book in the Jeffery ledger pages you will see the cost breakdown and markup of most .600s.
Cal


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12 February 2014, 14:27
tendrams
quote:
Originally posted by enfieldspares:
A suggestion? Value that £ 46 as gold sovereigns (the gold British one pound coin) and you get?

A sovereign has a gold value of, generously £ 240. So 240 x 46 = £ 11,040.

Now that is way cheap!


Correct. This says one of two things. Either we are paying too much for double rifles today...or gold is very cheap in relative terms.
14 February 2014, 13:09
470EDDY
I HAVE EXPOUNDED ON THIS SUBJECT PREVIOUSLY!! I STILL THINK WE ARE IN A DOUBLE BUBBLE...AND I AM SEEING OLD ENGLISH DOUBLES COMING DOWN IN PRICE ON ACTUAL SALE PRICES...NOT ASKING PRICES!

DOLLAR IS STILL VERY WEAK TOO. I THINK ENFIELDSPARES IS NOT TOO FAR OFF IN EXAMPLE IN REAL SELLING PRICE TERMS....FOR BOX LOCKS. DROPLOCKS AND SIDELOCKS ARE MAYBE 30-50% MORE AND BEST GUNS STILL UP THERE....BUT WELL UNDER $100k....

JUST MY OBSERVATIONS!

CHEERS,


470EDDY