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   1997 >> December >> Macs Believe It Or Not  

Mac's Believe It Or Not!
by John McDougald

Reprinted from "Crown Jewels of the Wire", December 1997, page 30

One of Grampa Mac's Antique Insulator Emporium customers enclosed a copy of Grampa Mac's sales lists from 1978 (that was before Grampa Mac knew he would be Grampa Mac) along with his invoice. I though that you might be interested in some of the insulators that appeared on that list and the prices that were quoted almost 20 years ago.

Then I thought, "maybe the readers would be interested in what kind of an investment those insulators would have been over that 20 year period." So with my trusty financial calculator in hand, I computed the compound interest rate that would have been earned over the 20 year period if, instead of selling the insulators in 1978, I would have held onto them and sold them in 1997.

The table on the next page lists a random sample of the pieces on the 1978 sales list, the 1978 selling price, the 1997 Insulator Emporium catalog price, and the 20 year compound interest rate. As you can see, several pieces sell for less now than they did then, quite a few would have been poorer investments than putting the proceeds in your savings account (about 3% return), many returned less than the current CD rates (about 6%), and very few would have successfully competed against the stock market (10-12%) over that same period of time. 

So while many collectors are surprised at the prices of insulators today, the change in prices over the past 20 years has been pretty comparable to the normal investment vehicles. We've never treated our collection as an investment, but I thought you might be interested to see the comparison for your own amusement. Thanks to Dave Schmidt for sending me my list back. I saw a couple of pieces on it I'd like to have in my collection now (e.g. a CD 134 T.H-E in amber for $70). Believe It Or Not!

CD

Description

1977
Prices

1997
Prices

Annual %
Return

102

Hawley, aqua

7

5

(1.7)

102

Bar, Bar, royal purple

6

20

6.2

106.1

Duquesne, cornflower

15

75

8.4

108

Whitall Tatum, purple

10

20

3.5

112.4

Hemingray No.8, aqua

25

25

0

122

Hemingray No. 16, 7-up green

4

20

8.4

128.4

Hemingray, SB, clear

29

50

2.8 

133

California, aqua

8

7

(.7)

137.5

Unembossed, clear

40

375

11.8

143

Dwight Pattern, aqua

4

4

145

Hemi-21, RDP, clear

3

4

1.4

152

California, purple

4.50

12

5

154

Whitall Tatum, purple

4

20

8.4

157

Hemi-38, aqua

5

12

4.5 

162

H.G.Co., peacock blue

37.50

275

10.5

162

Hemi-19, 7-up green

7

40

9.1

162

Fort Wayne, aqua

15

65

7.6

168

Hemi D510, golden amber

8

15

3.2

202

Hemi/No. 14, aqua

20

7

(5.1)

205

Hemi-55, RDP, ice blue

7

15

3.9

214

Telegraphos, Golden amber

18

110

9.5

233

Hemi 511, clear

65

175

5.1

234

Pyrex, carnival

9

20

4.1

241

Hemi 23, RDP, amber

15

70

8

257

Hemi, peacock blue

90

1100

13.3

282

Hemi NO.2 Provo, aqua

15

40

5.0

302

Hemi/Muncie

15

35

4.3

320

Pyrex 171, carnival

22.5

28

1.1



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