Alt-Investing: T206 Honus Wagner For Sale $750K (EBAY, CLCT)

The holy grail of baseball card collecting (or investing) is still up for grabs.  A graded T206 Honus Wagner, now over 100 years old, is up for sale by Memory Lane, Inc. in its Spring 2012 catalog.  The item had previously been offered as a BUY IT NOW feature through eBay Inc. (NASDAQ: EBAY) in January after a higher grade sample sold through another firm for more than $1.5 million.  This was the first time in memory that two different T206 Wagner samples were for sale in the same month and within days of each other.

The current card being offered is graded PSA 2 “Good” from Collectors Universe, Inc. (NASDAQ: CLCT) for $750,000.00, but when it was listed on eBay it was for $775,000.00 at the time.  The grade of “2” is on a scale of 1 to 10, and there are believed to be only about 50 to 60 of these T206 Wagner cards in existence in all graded and ungraded conditions. FULL DETAILS

If you ever get to go back to the 1980s to buy shares of GE, Apple, or Microsoft, you better find out how to buy a T206 Honus Wagner while you are back there.  Take a look at the prices from a real picture from The Sports Americana’s Baseball Card Price Guide in 1981 (see image below).  More details of the allure of the famed Honus Wagner card can be found here. 

$775,000…. $750,000…. this is called price discovery.

JON C. OGG