My first bass was bought, brand new from guitar center, back in '99. It was a black squier P bass and I believe it was about $110. I bought a little 8" crate practice amp with it for maybe $50 more. It was enough to get me started.
It's funny because I think you could probably go out and get the same thing for about the same price. Hell, maybe even cheaper now because they have those combo starter packs. I still have that bass and love. I've modded it so much it doesn't even look like it did when I bought it. I don't think anything is original on it except for the body. Which I stripped and refinned as well. Love that bass.