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DDThanks Julie,
Our shared experiences becomes fact. My feeling is the # 1 phenomenon is mostly myth. I can understand premiums on certain cards due to position on the sheet (my experience is mostly with post-war) so I will mention 1967 Topps Tony Perez, and 1952 Bowman Football Large Jim Landsford.
The premium on all # 1 cards, and to a lesser degree, the last card in the set I do not understand. In the case where a set had 500+ cards, I don't think I had a rubber band that big when I was a kid.