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warshawlawIn addition to having career stats (or close to it), they are usually cheaper than earlier cards. I define it as the last regular issue card of an active MLB player from a major set. So, the 1974 World Series card with Willie Mays, the 1977 Minnie Minoso highlight card, etc., are not last cards as far as my collection goes. With managers, however, the last card is the last card issued as a manager. When you have a guy who had a career as both, the line can be hard to draw as to what to collect. Look at Durocher. My favorite cards of him are his 1950s Bowman issues. My favorite last cards are:
1976 Topps Hank Aaron
1975 Topps Frank Robinson
1973 Topps Willie Mays
1969 Topps Mickey Mantle
1960 Fleer Ted Williams
1955 Topps Hal Newhouser
1956 Topps Bob Feller and Jackie Robinson
1957 Topps Roy Campanella
1973 Topps Roberto Clemente
If you simply want the last card someone was on while active in MLB or even minors, there are lots of really fascinating cards out there. For example, Andy Cohen, the 1930s Jewish phenom that McGraw pushed so hard was a coach for a long time and is on a 1960 Phillies coaches card. Harry Hooper is on a Zeenuts card after he was out of the majors, as is Jim Thorpe.
There are some great Exhibit cards that are likely last cards too. Speaker with the A's and Cobb with the A's from the PC-backed set, 1927 Johnson.