My grandpa is still mad he didn’t buy it at around $200 when my Mom was in middle school.
It’s one of those things ya can kick yourself all over.. good thing my wife is into jewelry (did I say that?), but we actually have a pretty good hoard of it here.. ;-)
It was $35/oz when I purchased my senior ring for high school. That was 1973. My ring cost $42. By the time I graduated from UCSD in 1976, my ring cost $120. I just checked the Josten's site to see what a similar ring costs today. They won't reveal the price.
Just think what the same amount of money would be worth in the S&P 500 today (probably 20x that of gold).