I absolutely agree for felt hats, however @HankBuck was talking about the price range of beaver hats, $1,500 being the top end.Wait ... $1500 for a HAT! Really? I'm sorry but no felt hat could ever be THAT good. I am constantly being complimented on how nice my $20 grocery store crushable wool felt Indy hat looks on me.
Well, "back in those days" a truck was <$8K new and one could buy a house for about <$40K. Times have changed.Back in those days a $125 price tag for a cowboy hat was good for a gasp.