Antonio Pasin started building wooden toy wagons in Chicago in 1917, selling them to area shops. He was working as a craftsman at the time, mostly selling phonograph cabinets, and built small wooden wagons to carry around his tools. After he received numerous requests from customers of phonograph cabinets to buy the wagons as well, he refocused his business on the wagons. His business grew until the "Liberty Coaster Company", named in honour of the Statue of Liberty, was formed in 1923. The demands for these original wooden wagons, dubbed the "Liberty Coaster," quickly outpaced production. Incorporating the mass manufacturing techniques of the auto industry, Pasin began making metal wagons out of stamped steel in 1927. At around that time, the red wagons sold for slightly less than $3, or about $40 in 2016 dollars.