Omar Khalid
The first plastic Lego set was released in 1949 and was called the 'Gift Package'. It was numbered 700/12 or 700-12, and was also known as the Automatic Binding Bricks. The set was discontinued in 1953. The original retail price of the set is unknown, but it is estimated to have been around $20 (USD) for a 204-piece set. This would be worth around $200 today. Lego sets have always been expensive, and the cost of creating a mould for a standard Lego piece ranges from $50,000 to $80,000.
| Characteristics | Values |
|---|---|
| Year of release | 1949 |
| Set name | "Gift Package" |
| Set number | 700/1 or 700-12 |
| Retail price | 13.75 DKK |
| Inflation-adjusted price | $20 USD |
What You'll Learn
The first plastic Lego set was released in 1949 and was called Gift Package
The original retail price of the Gift Package set was 13.75 DKK. When adjusted for inflation, this is worth roughly $20 (USD) or about 10¢ per part.
The cost of producing Lego bricks has changed over time. A standard Lego mould costs between $50,000 and $80,000 and can produce about sixty million bricks over its lifetime. However, when Lego creates specialised pieces, the moulding cost can rise to as high as $1 per piece.
Lego has always been an expensive toy, and the cost of producing the bricks is just one factor that contributes to this. The design and manufacturing process, as well as the specialised pieces, can also impact the final price of a Lego set.
The Ocean's Daily Rubbish Crisis: An Environmental Catastrophe
You may want to see also
The set's retail price was 13.75 DKK
The first plastic Lego set, released in 1949, was called 'Gift Package' and was numbered 700/1 or 700/12. Its retail price was 13.75 DKK, which is the equivalent of roughly $20 (USD) in today's money.
The set was discontinued in 1953, after a few upgrades.
The Cost of Plastic Playing Cards: How Much Do They Cost?
You may want to see also
Adjusted for inflation, the set would be worth roughly $20 (USD)
The first plastic Lego set, released in 1949, was originally priced at 13.75 DKK. Adjusted for inflation, the set would be worth roughly $20 (USD). The set was called "Gift Package" and was numbered 700/1 or 700-12. It was discontinued in 1953.
Cost Analysis of Plastic Lenses: How Much Do They Cost?
You may want to see also
Lego moulds cost between $50,000 and $80,000 to make
The first Lego set was released in 1949 and was called "Gift Package". It was a 204-piece set and cost 13.75 DKK, which is the equivalent of around $20 USD.
The first Lego set was made of plastic and was known as Automatic Binding Bricks. It was numbered 700/1 or 700-12.
Lego has always been expensive, but the cost of the moulds is just one factor that contributes to the overall price of a Lego set. Another factor is the cost of specialised pieces. When Lego manufactures just fifty thousand of a specialised piece, the moulding cost rises to as high as $1 per piece.
Despite the high cost of Lego moulds, the company has been very successful and has released numerous sets over the years. Lego continues to be a popular toy for children and adults alike.
Effective Bleach-to-Water Ratio for Disinfecting Plastic Surfaces
You may want to see also
Lego has always been expensive
The cost of producing Lego is high, with a standard mould for a Lego piece costing anywhere from $50,000 to $80,000. When Lego manufactures a specialised piece, the moulding cost can rise to as high as $1 per piece.
Lego sets today are still expensive, with some sets costing as much as $19.99 (USD) for 249 pieces. Lego has always been a premium toy, and its high production costs mean that it is likely to remain so.
The Plastic Recycling Myth: What Really Happens to Our Waste?
You may want to see also
Frequently asked questions
The first plastic Lego set was released in 1949 and was called 'Gift Package'. It cost 13.75 DKK, which is roughly $20 USD.
The first plastic Lego set was released in 1949.
The first plastic Lego set had 204 pieces.
The first plastic Lego set was called 'Gift Package'.
