In the summer of 1953 my grandfather showed up one afternoon in our Western Oklahoma farm yard with a brand new Admiral 21" Black and White Console TV in the trunk of his Plymouth. He and my mother, one of his seven kids, didn't get along all that much so it was somewhat of a mystery why he brought her such a gift.
Now he paid over $200 for the TV. The exact cost we never knew.
I became a really popular kid for a while in my part of the country. All of the other
kids my age who had TVs, which weren't many, had those with small screens and some were even round in shape. This however was 21" wide, corner to corner, and rectangular. Now there are a lot of stories to tell about TV back then , but right now let us just look at the cost.
Grandad was not rich, but he weren't poor neither. So like most people back then he paid cash our of his pocket for the TV.
Based on the inflation rates a dollar in 1953 would be equivalent to $8 today.
I recently bought me a 26" 1080p HD TV with all sorts of plugs and stuff for about $300.
That got me to wondering what you could get today for the same dollar value as that 1953 TV set?