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The Crown-Cap Liner Archive

Preserving This Delightful Post-Purchase Brand Moment

Collecting, Cataloging & Contextualizing Fun-Sized Material Culture

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Special Online Museum Exhibit—March 5, 2026

Pepsi-Cola “Treasure Tops” Sweepstakes and Contests,
1948 USA

The late 1940s’ intensifying cola war pushed its clear underdog, Pepsi-Cola Company, to try something both patriotic and ingenious: a cluster of contests and sweepstakes inviting the public to collect 48 different U.S. Army insignia—officially called SSI, or “shoulder sleeve insignia”—hidden under the cork liners of select Pepsi-Cola crown bottlecaps. Collect them, submit them, and you might win substantial cash prizes (a total of $2.75MM in 2026 dollars).

From our ongoing research, this appears to be the first time crown-cap liners were used in an American marketing campaign (possibly anywhere in the world; we’re still investigating). Previously, liners were strictly utilitarian with manufacturing shorthand (production line identifiers, batch and date tracking, quality control) and discreet anti-counterfeiting symbols. Pepsi-Cola “Treasure Tops” Sweepstakes and Contests flipped the crown-cap liner out of the factory and into society’s consciousness.

This was a new contest format, and the public understandably needed a bit of education. Print ads included illustrated instructions for prying off the cork liners, but it remained an unfamiliar struggle for contestants. For Pepsi too, there were a couple of early lessons learned. First, they neglected to label the crowns themselves as containing any hidden value. As a result, many winning liners were naively tossed away during the familiar ritual of prying open a cola and reflexively discarding the cap. How many kitchen trash cans swallowed up the chance at a fortune?

Second, Pepsi printed those insignias directly onto the metal crowncaps in a beautiful deep blue ink, but covered them in a generous amount of horse glue to affix the cork liners without regard for the public who need to remove those liners to participate in the contest. To varying degree, every known example of a circulated Treasure Top liner is hopelessly marred: too strong a glue transferred some ink onto the cork, and many contestants’ scraping left the designs less intact and legible. Industrial strength degraded consumers’ “Treasure Tops” experience and nearly spoiled the success of all the marketing effort.

Enjoy perusing These jump links minimize scrolling:

 

Retailer Pinback

Front of Treasure Top Pinback
Back of Treasure Top Pinback

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Packaging

Top or outside view of Treasure Top crown

Inconspicuous, but this is the top view of a “Treasure Top” crown. Later contests and liner artwork were deliberately noted on the tops with symbols or wording to prevent unwitting disposal.

Treasure Top glass bottle from top to bottom

Neck label off-center from main label, applied independently?

closeup of Treasure Top paper label

Really pulpy (ie cheap) paperstock with low-quality lithography.
With no indication on the crown caps themselves, this paper label is the only packaging indication that the attached liner contains value.

Bottom of glass bottle with identifying marks

Glass bottle aficionados may recognize these markings on the bottom.

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Print Advertisements

One page print add for Pepsi Treasure Tops contests

‘Daily Eagle,’ Brooklyn, NY, January 4, 1948 - page 13

Two page print add for Pepsi Treasure Tops contests

LIFE Magazine, January 19, 1948 - pages 12 & 13

One page print add for Pepsi Treasure Tops contests

February 1, 1948 - 3 cities

Two page print add for Pepsi Treasure Tops contests
One page print add for Pepsi Treasure Tops contests

The Sunday Courier & Press, Evansville, IN, March 14, 1948 - page 14C

Two page print add for Pepsi Treasure Tops contests

LIFE Magazine, March 22, 1948 - pages 70 & 71

One page print add for Pepsi Treasure Tops contests

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Crown-Cap Liners

two young models posed with Treasure Top crown cap with liner visible

If only the reality of removing the cork liner was this smile-inducing.

crown-cap liner of US Army insignia for First Army

US Army insigniaShoulder sleeve insignia and combat service identification badge of the First United States Army

First Army

Learn all about First Army on Wikipedia
crown-cap liner of US Army insignia for Second Army

US Army insigniaShoulder sleeve insignia and combat service identification badge of the Second Army

Second Army

Learn all about Second Army on Wikipedia
crown-cap liner of US Army insignia for Sixth Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 6th Division

6th Infantry Division

Learn all about “Red Star” on Wikipedia
crown-cap liner of US Army insignia for 26th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the US I Corps

26th Infantry Division

Learn all about “Yankee Division” on Wikipedia
crown-cap liner of US Army insignia for 28th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 28th Division

28th Infantry Division

Learn all about “Keystone” on Wikipedia
crown-cap liner of US Army insignia for 29th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the First United States Army

29th Infantry Division

Learn all about “Blue and Gray” on Wikipedia
crown-cap liner of US Army insignia for 30th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 30th Infantry Division

30th Infantry Division

There are two confirmed errors in this liner art: it’s 90º off-axis & it contains only 2 Xs

Learn all about “Old Hickory” on Wikipedia
crown-cap liner of US Army insignia for 31st Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 31st Division

31st Infantry Division

Learn all about “Dixie Division” on Wikipedia
crown-cap liner of US Army insignia for 35th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 35th Division

35th Infantry Division

Learn all about “Santa Fe Division” on Wikipedia
crown-cap liner of US Army insignia for 36th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 36th Division

36th Infantry Division

Learn all about “Arrowhead” on Wikipedia
crown-cap liner of US Army insignia for 40th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 40th Division

40th Infantry Division

Liner art mostly destroyed, yet all 12 points of the sunburst remain marginally visible

Learn all about “Sunburst Division” on Wikipedia
crown-cap liner of US Army insignia for 44th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 44th Division

44th Infantry Division

Nearly obliterated, but the heavy outer circle, open areas inside the circle are indicative

Learn all about 44th Division on Wikipedia
crown-cap liner of US Army insignia for 45th Division

US Army insigniaShoulder sleeve insignia and combat service identification badge of the 45th Division

45th Infantry Division

Learn all about “Thunderbird” on Wikipedia
crown-cap liner of US Army insignia for I Corps

US Army insigniaShoulder sleeve insignia and combat service identification badge of the US I Corps

I Corps

Learn all about I Corps on Wikipedia
crown-cap liner of US Army insignia for Cavalry

US Army insigniaShoulder sleeve insignia and combat service identification badge of the US Cavalry

US Cavalry

Confirmed error: liner art is 180º from official version.

Learn all about US Cavalry on Wikipedia
crown-cap liner of US Army insignia for Engineers

Logo of the United States Army Corps of Engineers

United States Army Corps of Engineers

Liner art is mostly illegible, but edge details confirmed to match print materials.

Learn all about United States Army Corps of Engineers on Wikipedia
crown-cap liner of US Army insignia for Finance Corps

US Army insigniaInsignia of the Finance Corps

Finance Corps

Learn all about Finance Corps on Wikipedia
crown-cap liner of US Army insignia for Medical Corps

US Army insigniaShoulder sleeve insignia of the Medical Corps

United States Army Medical Corps

This corps popularized the American misuse of the caduceus in place of the Rod of Asclepius

Learn all about United States Army Medical Corps on Wikipedia
crown-cap liner of US Army insignia for Quartermaster Corps

US Army insigniaLapel pin of the Quartermaster Corps

Quartermaster Corps

Learn all about Quartermaster Corps on Wikipedia
crown-cap liner of US Army insignia for Signal Corps

US Army insigniaShoulder sleeve insignia and combat service identification badge of the Signal Corps

Signal Corps

Learn all about USASC on Wikipedia

Despite only one reference about a “Treasure Tops” Series No. 2, consisting of outlines of the (then) 48 states, we have found two of them to date that confirm it did indeed publicly launch.

crown-cap liner of outlined map of New Jersey

“Treasure Tops” Series No.2outlined map of New Jersey

State of New Jersey

Learn all about New Jersey on Wikipedia
crown-cap liner of outlined map of Texas

“Treasure Tops” Series No.2outlined map of Texas

State of Texas

Learn all about Texas on Wikipedia

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Official Entry Blank

Front of Treasure Top entry blank
Back of Treasure Top entry blank

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Direct Mail

Number 10 business envelope from Pepsi

This envelope is an example of how the Treasure Certificates (next section) were distributed.

letter from Pepsi president on Pepsi watermark stationery

Note the subtle Pepsi-Cola logo watermark on the stationery.

Note from Pepsi about possible elimination from the sweepstakes final

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Treasure Certificate

closeup from print ad showing models with certificate backs
Front of Treasure Top certificate
Back of Treasure Top certificate

This is the official guide to what the crown-cap liners include (& exclude). Note the one-line reference to Series No.2 containing outlined maps of the (then) 48 states.

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Official “Teasure Pouch”

print ad's offer for a Treasure Pouch
closeup of offer for Treasure Tops Pouch from print ad
print ad's offer for a Treasure Pouch
closeup of models using a Treasure Tops Pouch from print ad
Front view of Treasure Pouch with ruler for scale

Acquiring this genuinely ‘Grail’ item 12/16/25 precipitated the founding of the CCLA just 9 days later on 12/25/25.

Back view of Treasure Pouch with ruler for scale

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An Unfolding Mystery

Below are Pepsi-Cola crown-cap liners that predate “Treasure Tops” (they all feature the older yellow top crown shown here) and are obviously related even though unadvertised. These are all US military insignia printed in blue, but smaller and including ranks and other branches of the military mixed with several Army ones seen in Series No.1. Other crowns with the same punch holes have been uncirculated, so these clearly being circulated is part of the mystery.

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