Also, think about availability... we talk a lot about tobacco that was available and when... Pipes being made when and such... but at no other time could we just log into a website and order this stuff. Before malls stretched from shore to shore and Tinderboxes made tobacco and pipes available, you had to live near a city. Sure, there were a lot more people smoking pipes in the early 20th century, but think about how they would have gotten their tobaccos or pipes, and what would have been available and where. Most people never travelled beyond their small corner of the world before car culture, so local grown tobaccos and whatever could be distributed were the only ones available back then. There were mail order companies, but I have no idea how widespread this was, and i imagine these were distributed in the ads of magazines, but I really doubt there was an equivalent to smokingpipes.com in mail order form.
So... right now, we are the first of those who can order a GH&co blend, a Stokkebye blend, and several other corporate tobaccos and pipes from as many different makers in one place like we do. Our great grandfathers may have had more people to hang out with and smoke pipes, but they probably all smoked the same blends all the time, because it was what was available. Granger men, Prince Albert men, etc... And, they definitely didn't have cellars like we do today. They may have had a box of Prince Albert, but that was because they didn't have a way to get into the city that often, so they'd buy grosses at a time.
So, my vote goes to this being the Golden Age.