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.