The inception of Pratt & Letchworth dates back to 1850 in Buffalo, New York, where it was established by William Pratt and William Letchworth. They began as a saddlery hardware manufacturing firm, later transitioning to the production of toys after they realized the potential market for cast iron toys. Interestingly, they achieved their signature detail-oriented craftsmanship through employing French and German artisans. Exquisite yet durable, Pratt & Letchworth toys encapsulate the era's design aesthetics and technological advancements interpreting them into miniature form. Collectors are especially fascinated by their horse-drawn carriages and fire engines. Discontinued in 1902, their toys have now become collector's items, their value deriving from their rich history and unique, detailed designs.