Discussion: Good thing or bad thing for the hobby if a hoard of T206 Wagners is found

[egbeachley]

Originally Posted by KMayUSA6060

Technically, the T206 Honus Wagner value isn't truly based on scarcity, but more publicity. It's 2nd or 3rd in scarcity for T206s, if I'm not mistaken, but is so valuable due to the Gretzky card. More than likely, if a hoard of them was to be discovered, it would give a boost to the hobby as it might invite more collectors in, while most definitely putting the hobby in the spotlight. I wouldn't think the price would drop very much (if at all) due to, again, the publicity value of the card and its demand.

It’s value comes from being the clear #1 in terms of scarcity as its value is multiples of what would be expected due to its rarity. It’s the publicity that makes it #1 in scarcity, that is the key.

As to the original question, I think it would be good and may not reduce the value by much at all. Some people won’t collect T206 because they can’t complete it. This will bring in more collectors.