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value conversion for pre-war
Posted: Sat Mar 26, 2005 11:42 am
by Diecuts@aol.com
Hi all,
Stumbled across a site that explains how to value the 1930s British money
into today's equilvilent values. This site is for folk that love the 30s novels
and want to know what a 'Farthing, Tuppence, Florin, Crown, etc was worth back
then and in today's values. Also covers $AUS dollars. It can be seached
by typing 'Monetary sums in S&A' into google, then go to the appropriate index.
In a nutshell, I was interested in the value of a 1938 SA tickford (400
pounds) in today's currency.
Briefly, to find what 400 pounds in 30s currency is in today's USD , the
following was determined.
Convert US dollars at the 1930s rate of $4 to one pound
$4
Convert pounds sterling at current prices (allowing 70 yrs inflation )
39 pounds
Convert US dollars at today's exchange rate ($2 to 1 pound prox) $78
dollars
So, 1 pound in the 30s was worth around $78 in today's US dollars.
That makes a SA tickford costing 400 pounds worth around $31,200 in modern
dollars.
Adding the radio option to either the TA tickford or SA cost 18 pounds in
1938.
That is around $1400 in today's US dollars, about the same value for a nice
modern sound system so it seems to be fairly accurate. What did a TA
roadster sell for back in the 30s?
Cheers, Lee Jacobsen, MI TA2969 tickford, SA2333 tickford
[Non-text portions of this message have been removed]
Re: value conversion for pre-war
Posted: Sat Mar 26, 2005 1:56 pm
by joecurto@aol.com
Someone has a LOT of TIME on his hand.
Joe
[Non-text portions of this message have been removed]
Re: value conversion for pre-war
Posted: Sat Mar 26, 2005 2:32 pm
by LuckyFloridaLin@aol.com
Well Done Lee!
Tally Ho!
Thom
[Non-text portions of this message have been removed]
Re: value conversion for pre-war
Posted: Sun Mar 27, 2005 12:11 am
by MIKEFRAN@aol.com
Lee
The price of the new TA in 1936 was 222 pounds sterling, exactly the same
price of the PB which preceded it. (From the AUTOCAR June 19, 1936)
Mike Francks
TC8332
[Non-text portions of this message have been removed]
Re: value conversion for pre-war
Posted: Sun Mar 27, 2005 2:03 am
by tony goodall
Lee
The TA was offered for sale at 222 pounds when it was first released.
Tony
TC9825
On 26 Mar 2005, at 19:42,
diecuts@aol.com wrote:
>
> Hi all,
>
> Stumbled across a site that explains how to value the 1930s British
> money
> into today's equilvilent values. This site is for folk that love the
> 30s novels
> and want to know what a 'Farthing, Tuppence, Florin, Crown, etc was
> worth back
> then and in today's values. Also covers $AUS dollars. It can be
> seached
> by typing 'Monetary sums in S&A' into google, then go to the
> appropriate index.
>
>
> In a nutshell, I was interested in the value of a 1938 SA tickford
> (400
> pounds) in today's currency.
>
> Briefly, to find what 400 pounds in 30s currency is in today's USD ,
> the
> following was determined.
>
> Convert US dollars at the 1930s rate of $4 to one pound
> $4
> Convert pounds sterling at current prices (allowing 70 yrs inflation )
> 39 pounds
> Convert US dollars at today's exchange rate ($2 to 1 pound prox)
> $78
> dollars
>
> So, 1 pound in the 30s was worth around $78 in today's US dollars.
> That makes a SA tickford costing 400 pounds worth around $31,200 in
> modern
> dollars.
>
> Adding the radio option to either the TA tickford or SA cost 18 pounds
> in
> 1938.
> That is around $1400 in today's US dollars, about the same value for a
> nice
> modern sound system so it seems to be fairly accurate. What did a TA
> roadster sell for back in the 30s?
>
> Cheers, Lee Jacobsen, MI TA2969 tickford, SA2333 tickford
>
>
> [Non-text portions of this message have been removed]
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
Re: value conversion for pre-war
Posted: Mon Mar 28, 2005 12:53 am
by Peter Forstner
Hi all,
I read according to
http://the-stable.lancs.ac.uk/~esarie/tarboard/convert.htm:
"Old money" value 222 = 39.00 * 222 = "Actual money" 8658.-
8658.- = $16191.- = 12487.- Euro = Aus $22077.90
Looks too cheap for me. With my today's salary a TA would have been a very cheap car and
nearly everyone could easily afford one.
How did they calculate these conversion values? Is it really a comparison between average
salary 1930 and salary 2000?
Or am I too silly to read the table correct?
Regards
Peter Forstner
TC 6325 - Munich - Germany
----- Original Message -----
From: "tony goodall" tonygoodall@blueyonder.co.uk>
To: mg-tabc@yahoogroups.com>
Sent: Sunday, 27.March.2005 11:59
Subject: Re: [mg-tabc] Re:value conversion for pre-war
Lee
The TA was offered for sale at 222 pounds when it was first released.
Tony
TC9825
Re: value conversion for pre-war
Posted: Mon Mar 28, 2005 1:28 am
by Graham Knight
Peter,
I tried
http://www.eh.net/hmit/ukcompare/ which revealed:
Relative value in UK pounds
In 2002, 222 0s 0d from 1936 is worth:
9,220.90 using the retail price index
9,899.85 using the GDP deflator
33,784.54 using average earnings
37,056.45 using per capita GDP
46,600.57 using the GDP
(It doesn't work beyond 2002)
There is a little bit of explanation of the different measures on the site.
I guess the big difference between the average earnings measure and the RPI
measure gives some idea of how much richer we have all become.
Incidentally, the first house we owned cost 300 when built in 1936. I
suspect that for most people in the UK in 1936 the idea of being able to
buy a car or a house was way beyond imagining.
Graham
At 10:53 28/03/2005 +0200, Peter Forstner wrote:
>Hi all,
>I read according to
>
http://the-stable.lancs.ac.uk/~esarie/tarboard/convert.htm:
>
>"Old money" value 222 = 39.00 * 222 = "Actual money" 8658.-
>
> 8658.- = $16191.- = 12487.- Euro = Aus $22077.90
>
>Looks too cheap for me. With my today's salary a TA would have been a very
>cheap car and
>nearly everyone could easily afford one.
>
>How did they calculate these conversion values? Is it really a comparison
>between average
>salary 1930 and salary 2000?
>
>Or am I too silly to read the table correct?
>
>Regards
>Peter Forstner
>TC 6325 - Munich - Germany
>
>----- Original Message -----
>From: "tony goodall" tonygoodall@blueyonder.co.uk>
>To: mg-tabc@yahoogroups.com>
>Sent: Sunday, 27.March.2005 11:59
>Subject: Re: [mg-tabc] Re:value conversion for pre-war
>
>
>
>Lee
>
>The TA was offered for sale at 222 pounds when it was first released.
>
>Tony
>
>TC9825
>
>
>
>
>Yahoo! Groups Links
>
>
>
>
Re: value conversion for pre-war
Posted: Mon Mar 28, 2005 12:37 pm
by Joe Gates
Graham wrote
Relative value in UK pounds
In 2002, 222 0s 0d from 1936 is worth:
9,220.90 using the retail price index
9,899.85 using the GDP deflator
33,784.54 using average earnings
37,056.45 using per capita GDP
46,600.57 using the GDP
etc.
And I reply -
None of these sorts of statistics provide for discounting to a present value
sum the enjoyment or use we might have had from our trusty steeds (or any
other useful assets over their useful lifetimes to date), nor do they
provide for ammortising the cost of maintenance over said periods, etc. If
these were to be accounted for, I suspect we would all be somewhat out of
pocket!
That said, I fully subscribe to the obvious (having been there, done that,
got the T-shirt, etc.) - that statistics should be likened to a drunk and a
lamplight - used for support rather than illumination!
Joe Gates
TC 8675
Johannesburg, S Africa