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What would US$380 in the 70s have gotten for a omega?

  1. kpaxsg Sep 26, 2016

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    Just not sure where I can google the equivalent of $380 in the 70s be in today's rate?

    Rather what would be the model this vintage box would have housed? Any inputs gentlemen?

    Omega Watch Box Vintage Wood Tone Red Insert Gold Accent 4.jpg Omega Watch Box Vintage Wood Tone Red Insert Gold Accent 3.jpg Omega Watch Box Vintage Wood Tone Red Insert Gold Accent 2.jpg Omega Watch Box Vintage Wood Tone Red Insert Gold Accent 1.jpg
     
  2. STANDY schizophrenic pizza orderer and watch collector Sep 26, 2016

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    Nearly 2 speedmasters could be had for $380 in the early 70s :whistling:
     
    Edited Sep 26, 2016
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  3. watchknut New watch + Instagram + wife = dumbass Sep 26, 2016

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    I think a speedy and ploprof came in those, but could be wrong.
     
  4. tpatta Happily spending my daughter’s inheritance Sep 26, 2016

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    According to the US price inflation calculator an item purchased for 380 in 1970 would cost 2400 today. A 520% increase.
     
  5. kpaxsg Sep 26, 2016

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    Seriously?
     
  6. kpaxsg Sep 26, 2016

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    Still wandering how the actual ploprof box look like.....
     
  7. Andy K Dreaming about winning an OFfie one day. Sep 26, 2016

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    Click here for a US catalog with prices from 1973. Speedy Pro was $225, gold-plated 176.007 on bracelet was $350.
     
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  8. gatorcpa ΩF InvestiGator Staff Member Sep 26, 2016

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    Since US$1 bought about 2 Swiss francs in 1970 and it's pretty close to even now, to get an equivalent real value, you'd need to double that figure to $4,800 or so.

    gatorcpa
     
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  9. tpatta Happily spending my daughter’s inheritance Sep 26, 2016

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    That's why you're a CPA.
     
  10. Banner Roar Sep 26, 2016

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    Always find in these comparisons a good level set is to compare median salary. In the US it was $8k in 1970 compared to $53k in 2014. An over 600% increase.
     
  11. kpaxsg Sep 26, 2016

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    Any conclusion the box houses exactly which model?
     
  12. gatorcpa ΩF InvestiGator Staff Member Sep 26, 2016

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    No clue. My guess is that is was a solid 14K or 18K dress watch. Most of the non-complicated steel watches from the early 1970's would have been less than $380.

    However, inflation was high in those days (I lived through it), so by the late 1970's, a dollar bought about 20% to 30% less than it did a few years earlier.

    Take care,
    gatorcpa
     
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  13. ahartfie The black sheep in the Spee-ee-eee-eedmaster flock Sep 26, 2016

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    I would guess either a F300 or quartz movement in a gold watch.
     
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  14. Foo2rama Keeps his worms in a ball instead of a can. Sep 26, 2016

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    My thoughts also.
     
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  15. journeyforce Sep 27, 2016

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    I agree with the f300 assessment. It also probably was a stainless steel Geneve f300 or a no name f300 (one that only had Chronometer on the dial) and not a gold filled or Seamaster or Connie.

    Here is one of my f300's and it did have the original suggested retail price tag on it when I bought it(the tag said $390)
     
    F300 7.jpg
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