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Baseball Cards Worth More Than $10,000 that You Can Co-Own with Other Collectors

By John Edmond, published Oct 09, 2007
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The recent sale of a T206 Honus Wagner baseball card for more than $2.3 million dollars has attracted media attention to high-end vintage sports cards. But for baseball card collectors who are not multi-millionaires, such cards are way beyond our means. A group of sports card collectors and investors, however, is establishing a collection of high end vintage cards jointly owned by the community at CardTarget.com.

While they are not (yet!) collecting cards worth millions of dollars, the community does have three cards that are valued at more than $10,000. Since the ownership of these cards is divided into more than 1,000 shares, it is possible to purchase a share of ownership for about $10. The three most valuable cards currently co-owned by shareholders at CardTarget.com are a 1941 Joe DiMaggio and two T206 tobacco cards from 1909-11, Nap Lajoie and "Iron Man" McGinnity.

1941 Play Ball Joe DiMaggio

The Yankee Clipper, Joe DiMaggio, established his record 56-game hitting streak in 1941. That year, Play Ball issued a colorful card of DiMaggio showing his iconic batting swing. Joe Orlando, the founder of PSA grading company, included the 1941 Play Ball DiMaggio as one of the top 200 sports cards in the hobby. More than 60 participants in CardTarget.com co-own a near mint (graded GAI 8.5) version of this card. With 1,100 shares available and recent share prices about $9 each, this card is valued at about $10,000. Other copies of this card in the same grade sold on eBay for $10,102 in March 2006, and at Memory Lane auction house for $12,592.

1909-11 T206 Nap Lajoie Throwing

From the same vintage set as the famous Honus Wagner, this nearly 100-year-old card shows hall of famer Napoleon Lajoie. A three-time batting champion, Lajoie may be the only player to have had a major league baseball team named after him. A very popular player and rival to the less popular Ty Cobb, the Cleveland Naps played from 1903 to 1914 before becoming the Cleveland Indians.

Baseball Cards Worth More Than $10,000 that You Can Co-Own with Other Collectors
Baseball Cards Worth More Than $10,000 that You Can Co-Own with Other Collectors

1941 Play Ball Joe DiMaggio (GAI 8.5)

Credit: CardTarget.com

Copyright: CardTarget.com

Takeaways
  • A group of 60 to 80 shareholders co-own baseball cards worth more than $10,000.
  • High-end vintage baseball cards of hall-of-fame players in near-mint to mint condition.
  • By dividing the cards into shares worth $9 to $10 each, a community of strangers can own these cards
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Note: On May 21, 2008, CardTarget announced the closing of the partial shares market due to higher than expected insurance costs and risk. The items remaining in the market are being sold, with shareholders receiving revenues based on the sales.

Posted on 05/21/2008 at 7:05:24 PM

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