Liverpool made their first signing for a total fee of only £35 when they signed 23-year-old Scottish left back William Dunlop in January of 1895 from Paisley Abercorn.
Andy Carroll's signing 116 years later in January of 2011 would make their record fee £35,000,000 in a stark reality, a reminder of the inflated world market we live in everyday of our lives.
During their existence as a club, Liverpool have made a precedent of signing young players for low fees that eventually become some of the best steals in history.
In tribute to the club's long standing philosophy we take a look at the 10 greatest bargain's the side has managed in the transfer market.
All transfer fee numbers and statistics courtesy of Liverpool Football Club's official site, LFC.tv.
One of many Scottish born players to become a legend at Anfield, defender Ron Yeats was brought to the club by Bill Shankly in 1961 from Scottish club Dundee United.
A modest fee was all it took to get the player that would become the first Red's captain to lift an FA Cup in 1965 and was part of the first great dynasty under Shankly.
Alan A' Court was signed from Division II side Prescot Cables in 1952 at the age of 18. Before he was 25 years old he would become the fastest player to reach 200 appearances in a Reds kit.
A'Court was also part of the 1961-62 team that brought the club back to the English First Division under Bill Shankly. He finished his Liverpool career with 361 appearances and
Jack Cox was signed from Blackpool near Christmas of 1897 for a fee of only £150. The fee was half of the club's record fee of £350 at the time.
Cox would go on to make 360 appearances scoring 81 goals as a right or left winger depending on the match and the club's strategic needs.
Signed for less than £500 at the age of 17 years old from Linfield, young goalkeeper Elisha Scott joined the club as one thought destined to have a solid future at the club.
He would go on to make 468 appearances and would become the first true goalkeeping legend in the Red's history.
A steal in the market place during 1999, the arrival of Finish center half Sami Hyypia for only £2.5 million from Dutch side Willem II was just the start of an amazing career.
Ten seasons as a first team master defender saw Hyypia make 464 appearances and add 35 goals thanks to his aerial skills.
Welsh striker Ian Rush joined Liverpool as a teenager for £300,000 from Chester, what was not a team record but was a record fee for a teenager in the British leagues.
It was the first of two times the club would sign him, but the first time around takes the cake for their transfer strategy. Rush scored 346 goals for the Reds in 660 appearances and remains the clubs all time leading scorer to this day.
Signed from Scunthorpe for £18,000, Ray Clemence is the greatest goal keeper to have ever pulled on a Liverpool kit.
With 665 career appearances over 14 seasons at Anfield, his move to the club was only a fraction of the cost of then record signing Emlyn Hughes at £65,000.
Signed for an undisclosed fraction of a modern fee at the age of 17 back in 1938, young striker Billy Liddell would go on to exemplify a generation of Liverpool fans.
Liddell made 534 appearances for the club scoring 228 goals in the process despite his career being interrupted by the second world war.
Alan Hansen was secured for only £100,000 from Partick Thistle in 1977. He would go on to lead the club as perhaps the greatest defender in Reds history with the most impressive trophy haul of them all.
The skillful Scottish defender would make 620 total appearances scoring 14 goals during his 15 season Liverpool career.
Sir Roger Hunt remains the Liverpool player to have even had a knighthood bestowed upon him.
Hunt was signed for a minimal but undisclosed fee from a local Liverpool amateur club by Phil Taylor at the age of 21, Hunt would be the most prolific striker in the history of the club until the arrival of Ian Rush.
During his career at Liverpool Hunt made 482 appearances scoring 286 goals. He was also the only Liverpool player to have been in the starting line up of the 1966 England World Cup winning squad.