*Bump*
Sorry, couldn't resist this old thread; My First Modem was a Maplin Electronics kitset 300 baud modem.
There a nice picture
here, except mine didn't have the kitset case, just a simple aluminium box, so it looked a lot less pretty than this example.
That got upgraded to a 1200/75 baud Miracle WS2000.
By then I had a heavy online habbit, primarily on CIX, which was like a UK version of BIX. It had the ability to download messages to your PC for reading off line, using a Off Line Reader, and I figured out that by stumping up a fortune for a faster then state of the art modem, 600 quid maybe for a Hayes 12200, and buying an OLR, I'd save money off the phone bill, and pay back the cost inside two years. I think I took out a loan for that modem...
Communication seemed a lot more exciting back then...