I got my First PC in 1997 ( Dad got one from his office)
I dont remember the specs in detail
but here goes:
13" Color Monitor (I think Samtron)
32 MB Ram
2 GB HDD
No graphics card (what can you expect?)
A 32 Kbps external Modem which would make loud beeps (was really cool at that time)
Microsoft Windows NT 4.0 (upgraded to 98 a year later)
Floppy Drive
48x Creative CD-ROM drive (yeah, Creative)
Dont remember processor

It used to be that "Monitor On top of Horizontal CPU" system which not used much today
Total Cost: 48,000/-
It was the talk of the neighborhood, us being the only family ever (in locality and among relatives) to have a "PC"
People used to flock to our house to see this thing like how kids used to go to the only guy in the neighborhood with a television in the 70s