Bill said:
Yes, you are right, but I see 1 watt LEDs on ebay for around $1 each,
so you could make a 10 watt unit (60 watt equivalent) for maybe $10
plus time to do it.
You're ignoring the cost of the PCB, diodes, Vdrop ckt (resistor?),
Edison base & glass enclosure so you end up with a bulb that goes
in the existing socket, and works.
I'm clueless as to what it would cost to buy a bulb shaped enclosure
into which you could place the 10 LEDs and then glue on an Edison
base, but I'd bet the total cost would be more than double the $10
for the LEDs. In fact, the bulb shape enclosue/Edison base
configuration might prove to be unobtanium in low quantity where your
LED bulb ends up cheap enough to be worthwhile.
And dismissing your time is invalid, if the intent is to compare the
cost of a regular bulb vs a LED bulb. If you were doing the thing
as an experiment/learning experience, then ignoring the cost of your
time is fine. You will spend a LOT of time on this, finding sources
for the Edison base & suitable bulb shaped enclosures, figuring out
how to assemble the ckt board, base & enclosure making the PCB and
putting everything together.
All in all, it's cheaper to buy the existing LED bulb at ~$50 than
to build your own. Of course, then you don't get the "fun" of
developing your own solution.
Ed