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In 1953 the Eldorado name was introduced to mark Cadillac's golden anniversary. It became their top-of-line car and was limited to an exclusive Convertible. Compared to a standard Series 62 Converible, the Eldorado featured different bodypanels with a signature dip on the top of the doors.

he Eldorado – meaning “the gilded one” – was a fitting nameplate, as the limited-edition Cadillac cost an astounding $7,750 at a time when a decent family car could still be had for well under $2,000. It was Detroit’s most expensive car by a wide margin, but, for the price, a few lucky buyers could sample one of the finest American automobiles built in over a decade.