Bearskin - Wikipedia
On 3 August 1888, The New York Times reported that bearskin caps might be phased out because of a shortage of bear skins. The article stated that, at that time, bearskin hats cost £7–5s each (about 35 contemporary US dollars; £600 in 2007 pounds) and noted “it can readily be seen what a price has to be paid for keeping up a custom …