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  1. #1
    clavichord's Avatar
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    Default London, 1830: cost of razors

    The last page of a treatise on straight razors printed in London in 1830 reports an ad published by the author to sell his razors and related items. A good converter that can "translate" 1830 prices using an index of "average earnings" (for UK) suggests how "affordable" the item would be to the average person. What the monetary value in the past is "worth" today, in 2009?

    Here what I found:

    Item Cost (£=GBP)
    razor "in black handle" (horn) £312
    razor with ivory handle £374
    razor with tortoiseshell handle £436
    strop from £104 to £1165
    roll of strop paste £62, £104
    olive-soap for shaving in pots £83, £166, £416

    Some thoughts:
    1. maybe at that time barbers were a way to "share" razor costs (one razor for many persons), instead of something for rich people;
    2. maybe that's why we find razors with lots of hone wear and handles with 3-4 different signatures (in the same family for generations);
    3. maybe that's why there are treatises and manuals describing for pages how to choose a good razor;
    4. maybe that's why razor sets are quite rare and almost always with extra-refined details; and even in this case during 1830's the "standard" was 7 blades but only one handle;
    5. razor costs are not so terribly different from today (compared to Thiers-Issard, mastro Livi, etc..); maybe at that time vintage blades, as today, were a good alternative to new razors, and this could also explain why we find vintage blades with wooden scales;

    Also, I use those numbers to try to accept the reality: I don't own razors with tortoiseshell scales ..and, very important, considering modern prices I should buy even more soaps from 0livia or strops from TM

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  3. #2
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    Default

    That's a really awesome piece of information that you found there. Thanks!

  4. #3
    Senior Member blabbermouth Joed's Avatar
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    Thanks for the reality check!! Really good info.
    “If you always do what you always did, you will always get what you always got.” (A. Einstein)

  5. #4
    Antiquary manah's Avatar
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    Default

    Interesting info.
    Alex Ts.

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    Senior Member AlanII's Avatar
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    Really fascinating, thanks.

  7. #6
    The original Skolor and Gentileman. gugi's Avatar
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    do you have the original info? a photo of the catalogue would be nice.
    there are many ways to convert to modern currency, so it'll be nice to have a column in the table with the original price.

  8. #7
    Senior Member AlanII's Avatar
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    Quote Originally Posted by gugi View Post
    do you have the original info? a photo of the catalogue would be nice.
    there are many ways to convert to modern currency, so it'll be nice to have a column in the table with the original price.
    gugi is dead right.

  9. #8
    Know thyself holli4pirating's Avatar
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    I hope clavichord won't mind me uploading it for him...

    A member here uploaded the document somewhere onto the site... I think he photographed his own original version, which I believe he got on ebay, which I believe was posted in the auction talk section.
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    Last edited by holli4pirating; 10-04-2009 at 07:46 PM.

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  11. #9
    Senior Member blabbermouth JimmyHAD's Avatar
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    Going by those prices the Hart razor is a bargain.
    Be careful how you treat people on your way up, you may meet them again on your way back down.

  12. #10
    clavichord's Avatar
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    Quote Originally Posted by clavichord View Post
    [..] A good converter that can "translate" 1830 prices using an index of "average earnings" (for UK) suggests how "affordable" the item would be to the average person. [..]
    Quote Originally Posted by gugi View Post
    [..] there are many ways to convert to modern currency [..]
    From the catalogue [that's not mine, and that's why I can't publish pics ]:
    Razors, in Black Handles . . . . 7s. 6d. each
    Ditto Ivory . . . . . . . . . . . . .9s. 0d. each
    Ditto Tortoiseshell . . . . . . . 10s. 6d. each
    [etc..]

    Example of conversion. In 2008 £0 7s 6d from 1830 was worth:

    £28.48 using the retail price index
    £34.74 using the GDP deflator
    £312.02 using the average earnings
    £434.83 using the per capita GDP
    £1,120.01 using the share of GDP

    Here some suggestions coming with the online converter:

    A Commodity. If your are asking about the "present worth" of buying a loaf of bread or filling the gas tank 40 years ago, are you thinking in terms of the amount of money you are spending today on such things? If so, use the price index of the average household called the CPI (RPI for the UK.) On the other hand, if you are wondering how "affordable" this would be to the average person, use the GDP per capita, or a wage or average earnings index.

    As stated in the first post, I want to know how "affordable" the item was to the average person in 1830. Today £312 (conversion of the cost of one razor) is more or less the average pay for 6 days of work (£15,000-25,000 per year are average values that I found online for London, today). This would mean that in 1830 one razor costed at least about 6 days of work.
    Last edited by clavichord; 10-04-2009 at 07:53 PM.

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