four.cycle
Well-known member
^ I was selling "Vise Grip" brand pliers in 1975. (Actually we started selling them much earlier, but that's your benchmark, so I'll run with it.)The list price for Petersen Vise Grips in 1975 was $4.65 - $4.85 for the variations of the 10” size.
Federal Minimum wage was $2.00 in 1974, going up yo $2.10 in 1975, and then $2.30 in 1976, so a 10” pair of Vise-Grips cost about 2.3X +/- an hours work for a low wage employee.
Minimum wage hasn’t been raised in years do using that as a benchmark is problematic, but the average fast good employee, or trash collector in Philly, probably earns somewhere around $15 - $20 an hour, which might put the equivalent price for a pair of Vise-Grips at $35.00 -$45.00 , which is less than the Malco Eagle Grips were selling for new, but a bit more than the Eagle Grips were selling for on clearance.
Given the fit and finish differences between the Original Petersen Vise-Grips, and the Eagle Grips, the higher price might have been somewhat reasonable, although too high for the general public.
There was always push-back from the retail customers on the Vise-Grip price point. Always.
That was the reason we also stocked "locking pliers" made by:
Indestro (they didn't sell worth a damn)
Hollywood Accessories (El Segundo, California) - retail was about $4 bucks
Medallion (California) - same as Hollywood
Wilmar - Taiwan/Hong Kong at first, later mainland China - retail about $4 or $5 bucks
Zomax - COO was always a mystery - cheaper and junkier than Wilmar
And we were always out of stock on at least one of those last four brands - that's how fast the cheapies sold.
The biggest issue with the needle-nose models I've used is that they "twist" under a high load. I believe all the imported ones I had here went out in "Secret Santa" packages.















