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Discussion in 'Basses [BG]' started by lord toranaga, Feb 21, 2008.
how much did a brand new jazz bass cost in 1966?
A brand new 3-tone sunburst P-Bass cost me $267.50 with a hardshell case in 1972. I don't know what a J-Bass cost in 1966, but that will give you a general idea.
A Jazz was about $300 bucks.
$300 back then was the equivalent of about $1100 bucks today. So essentially it's about the same as going out and buying a new one.
Indeed...I always hear these tales about how a 1954 Fender Strat "only" cost $250...of course, that was over two months wages for a lot of people back then.
in 66' my dad was making $75 a month as a sailor in the Navy
In 1966, a Telecaster with hardshell case cost $214.50 at Art Kubera Music in Buffalo, NY. I was a high school kid and my summer job in a restaurant paid $1.125 / hour...$33.44 /week.
If you were to have invested that $300 in 1966 at 9% annual interest in an RRSP, you would have a balance of $11,195.26 today.
if the interest rate was 10%: $16,429.11
Interesting. Based on this calculator: http://woodrow.mpls.frb.fed.us/research/data/us/calc/
$267.50 in 1972 = $1,379.74 in 2008.
I'm not saying that prices have grown at that rate... but compounded anually in a tax sheltered investment...those would be the balances.
Yes, but would the money fit into the hardshell case with the bass?
which one was he, then?
My Uncle has a 62 jazz that he bought used in 1968. He was looking for a p bass but no one had a used one for sale in Montreal at the time. He bought it for arround $180 and has played it ever since on thousands and thousands of gigs. It's had all it's finish worn off and his thumb has worn right through the entier pick guard (every layer).
I think that to have been able to play the holy grail of basses for 40 years is about as awesome as it gets. It was probably destiny that that bass fell into his hands.