It spent nearly a century in the hands of a Midwestern family before recently being graded by PSA, where it instantly became their second highest graded set of all-time. Now, one of the hobby’s iconic pre-War sets is going on the auction block.
Memory Lane will sell the five most valuable cards in the set, including a PSA 5 Babe Ruth, separately from the remaining 195 cards in “The Find”, a new catalog auction that begins November 30.
The offered group of 195 carries a GPA of 5.371, or EX+, making it one of the finest known set of this issue which is considered the most comprehensive set of the era and includes numerous Hall of Famers, minor stars and commons who never appeared on another card.
he M101-5 set was distributed by several different businesses as a promotion during the 1916 season. Some were printed with advertising on the reverse while others, including this set, were blank backed. A mail-in offer through The Sporting News allowed collectors to send away for several cards at a time. Cards could be ordered in 1916 at a rate of 20 cards for 10 cents. A complete set could be obtained by sending in $2 for a subscription.
The other cards from the find being offered individually include PSA 6-rated examples of Honus Wagner and Jim Thorpe, the PSA 5 Ruth and a PSA 5 Jackson and a PSA 4 Walter Johnson.
The other 195 cards carry a $20,000 minimum.
The set was passed down through descendants of the original collector and is being offered publicly for the first time.
The set’s quality should create strong interest among vintage card collectors who have been awaiting new material. Seven of the cards represent the highest graded example on PSA’s archives. Forty-one of the cards have just a single example grading higher. More than two thirds of the lot represents the one and only card graded in that condition.
The auction, entitled “The Find” includes several other new-to-the-hobby discoveries including numerous groups of 1888 Scrapps die-cuts never offered within the hobby, Babe Ruth autographs and more.
For a free catalog and to register for bidding, contact Memory Lane Inc. via their website or call (877) 606-5263.
The auction will close December 15.