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-   -   "Shoot through a tree" (https://forum.lugerforum.com/showthread.php?t=27546)

John Sabato 01-17-2012 12:09 PM
Quote:
"Back in the middle or late "60's" I remember a recurring add that appeared on the back page of one of the gun magazines for German Luger's and C96 Broomhandles, the prices listed were, I believe, $25.00, $29.00 and $35.00."
That ad was probably a "Hunter's Lodge" ad... they used to appear in LOTS of gun magazines including the American Rifleman... I remember dreaming back them, 'If ONLY I could by a thousand dollars worth of those Lugers and P.38's...' ...of course our late friend Ralph Shattuck... took my idea and ran with it! :D

Vlim 01-17-2012 03:38 PM
The gentlemen on the left are Albert Vickers and Sigmund Loewe, whose other claim to fame was to be one of the first to get themselves killed in a car crash.

Arizona Slim 01-17-2012 10:09 PM
I think you hit the nail on the head John, I joined the NRA and received the American Rifleman around that time (still belong) and I bet that's where I used to see the ad, thanks.

Lon

SIGP2101 01-18-2012 03:45 PM
Quote:
Originally Posted by Arizona Slim (Post 206150)
That would make a $25.00 item worth $149.60, ....

Lon
Your math is not correct, you just calculated 25% out of 598.4 when in fact you had to multiply $25 by 598.4 rate of inflation which also won't be correct because it will not take into account compound effect of inflation over the years.

Arizona Slim 01-18-2012 04:18 PM
Joe, I did multiply the price of the Luger, $25.00 by the rate of inflation which I believe was 598.4% and that is how I arrived at a price of $149.60 as of last Nov. As far as taking the time to calculate the compound effect of inflation over a period of nearly 42 years it just wasn't worth the effort I was just looking for a ball park figure but thank you for your input. If you would like to do that I would appreciate your effort, I think it would be interesting to see the final figure. Thanks, Lon

SIGP2101 01-19-2012 03:38 PM
Quote:
Originally Posted by Arizona Slim (Post 206203)
Joe, I did multiply the price of the Luger, $25.00 by the rate of inflation which I believe was 598.4% and that is how I arrived at a price of $149.60 as of last Nov. As far as taking the time to calculate the compound effect of inflation over a period of nearly 42 years it just wasn't worth the effort I was just looking for a ball park figure but thank you for your input. If you would like to do that I would appreciate your effort, I think it would be interesting to see the final figure. Thanks, Lon

Using simple compound formula for 42 years and your numbers we arrive at:

$6065.66

Jack Lawman 02-15-2012 10:38 AM
1 Attachment(s)
Quote:
According to the Historical CPI-U Data the rate of inflation from Jan. 1970 to Nov. 2011 (last available), the rate of inflation was 598.4%. That would make a $25.00 item worth $149.60, a $29.00 item $173.40 and a $35.00 item 209.44. Still not a bad price for a Luger or a C96 Broomhandle.
In 1986 I could have bought one share of Microsoft at its opening day close of $28.00. Instead I went to the movies with a girl I don't know anymore.


... and that's not counting dividends!

Jack :(

LugerMan.com 02-15-2012 10:59 AM
Quote:
Originally Posted by alanint (Post 206154)
Whatever happened to backyard fun like this?? 8^)
ran out of trees ...


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