Kenner’s Easy-Bake Oven – $280
Ronald Howes was inspired to make a toy after seeing how street food were prepared in New York City. As a result, the first Easy-Bake Oven, a working machine for kids, was released in 1963 by the Kenner company. To say that many loved it would be an understatement because, in its first year, it sold 500K units.
The set, which included baking tools like pans and cake mix, had become so iconic that it was inducted into the National Toy Hall of Fame and was listed in TIME’s Top 100 Toys of All Time!