Five Price Tags

Five Price Tags is a pricing game on the American television game show "The Price Is Right". Debuting on September 26, 1972, it is played for a car and uses small prizes.

Gameplay

The contestant is shown four small prizes, one at a time, and must decide whether the price displayed on each prize is true or false. The contestant wins the prize and earns a choice in the second part of the game if their decision is are correct. If the contestant is wrong, the small prize is lost and he or she does not earn a choice.

After all four prizes are played, and assuming the contestant has earned at least one choice, the contestant begins selecting prices from the five tags for the car which they believe is the correct price. The number of prizes earned in the first half determines how many choices of the five price tags they may make. One at a time, the contestant chooses a price he or she believes is correct; if the contestant is right, the contestant wins the car. If not, he or she continues to choose until all earned choices have been exhausted.

Since there are five prices and only four small prizes, earning all four choices does not guarantee a win, although the odds of losing are very slim at that point.

If a contestant fails to correctly guess if the prices of the small prizes are true or false on all 4 prizes, it results in an automatic loss (this has rarely occurred).