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  #1  
Old 06-18-2019, 04:48 PM
renovate7 renovate7 is offline
 
Join Date: Apr 2010
Location: Florida
Posts: 606
Default Inflation Adjusted Price of M1 is $658.77

I think we're getting a deal today...Reading my Best of GCA Journal Volume 6.
Article on page 38 says that they have gotten the price of an M1 down to $41.93 in July of 1942. That's $658.77 inflation adjusted to 2019.
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  #2  
Old 06-18-2019, 05:30 PM
d7cook d7cook is offline
 
Join Date: Mar 2011
Location: Ohio
Posts: 267
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But we pay $750 today for a used service rifle?
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  #3  
Old 06-18-2019, 06:23 PM
42Springfield 42Springfield is offline
 
Join Date: Mar 2016
Location: Missouri
Posts: 97
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Springfield Inc. sells their M1A for twice that much today and it's mostly cast parts. It is a testament to the work ethic and ingenuity of the people of the day that they could produce them at the rate they did for the cost they did.
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  #4  
Old 06-18-2019, 06:25 PM
colemanw colemanw is offline
 
Join Date: Jul 2013
Location: Eastern Washington
Posts: 930
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Given the correct as new 3.2 mil that showed up in my last batch of rifles, I'd say the $100 premium was worth it just for the shipping and handling.
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  #5  
Old 06-18-2019, 06:42 PM
Ronwall Ronwall is offline
 
Join Date: Feb 2017
Location: Ky
Posts: 1,047
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Quote:
Originally Posted by 42Springfield View Post
Springfield Inc. sells their M1A for twice that much today and it's mostly cast parts. It is a testament to the work ethic and ingenuity of the people of the day that they could produce them at the rate they did for the cost they did.
There was a war going on that everyone believed was righteous and it was. As is the case with most of the Greatest Generation there were things they believed in that was more important than money or themselves.
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  #6  
Old 06-18-2019, 06:56 PM
bandhunter31 bandhunter31 is offline
 
Join Date: Oct 2016
Location: Upstate NY
Posts: 346
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Quote:
Originally Posted by d7cook View Post
But we pay $750 today for a used service rifle?
The extra $100 is for 80 years of blood, sweat and guts that have gone into these rifles
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  #7  
Old 06-18-2019, 07:37 PM
N8232J N8232J is offline
 
Join Date: Feb 2018
Posts: 169
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USS Constitution cost a little over $300K to build.

What is she worth today?

A: She's priceless.

We don't always make the right decisions about what to preserve for posterity. The best example I can think of is the scrapping of USS Enterprise (CV6) by the Eisenhower administration. The only battleship that did what it was constructed to do (USS Washington) was also scrapped while we have preserved several others.

Be thankful that some of these rifles have survived the misguided destruction that befell a great many. Their worth is inestimable.
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  #8  
Old 06-18-2019, 08:39 PM
djryan13 djryan13 is offline
 
Join Date: May 2012
Location: Austin, TX
Posts: 214
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Springfield could get their prices down too if they built/sold 5.5 mil M1A’s...
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  #9  
Old 06-18-2019, 10:11 PM
1stgarand 1stgarand is offline
 
Join Date: Feb 2016
Location: Florida
Posts: 700
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Quote:
Originally Posted by n8232j View Post
uss constitution cost a little over $300k to build.

What is she worth today?

A: She's priceless.

We don't always make the right decisions about what to preserve for posterity. The best example i can think of is the scrapping of uss enterprise (cv6) by the eisenhower administration. The only battleship that did what it was constructed to do (uss washington) was also scrapped while we have preserved several others.

Be thankful that some of these rifles have survived the misguided destruction that befell a great many. Their worth is inestimable.
Amen!
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My Dad was a Gun Captain on the USS Enterprise CV-6 WWll
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  #10  
Old 06-18-2019, 10:53 PM
austintexas austintexas is offline
 
Join Date: Mar 2010
Posts: 63
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In 1942 my dad was making $12.00 a week as a baker, his rent in 1946 was raised to $26.00 a month and he decided to build his own house using mostly his and my uncles labor. 1948 we moved in and he had built our house for $5000. If a Garand cost $40 odd dollars in'42 thats was almost a months pay. would you give up a months pay for a service grade M1? Todays Garands are a bargain.
Austintexas
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