Why the price of Coke didn't change for 70 years (classic)

2025-04-20 10:11:47 source: category:Finance

This episode originally ran in 2012.

Prices go up. Occasionally, prices go down. But for 70 years, the price of a bottle of Coca-Cola didn't change. From 1886 until the late 1950s, a bottle of coke cost just a nickel.

On today's show, we find out why. The answer includes a half a million vending machines, a 7.5 cent coin, and a company president who just wanted to get a couple of lawyers out of his office.

This episode was hosted by David Kestenbaum. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Always free at these links: Apple Podcasts, Spotify, Google Podcasts, NPR One or anywhere you get podcasts.

Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Music: "I'd Like To Buy The World A Coke" by New Seekers and "Always Coca-Cola" by Joey Diggs

More:Finance

Recommend

Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says

A man is suing the California Lottery alleging he has not received part of his winnings from a nearl

Australian man arrested for starting fire at Changi Airport

An Australian man has been arrested on Thursday (Dec 12) for setting fire to the curtain blinds at C

Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles

WASHINGTON (AP) — President-elect Donald Trumpis promising expedited federal permits for energy proj