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#1
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Red is the most common and least expensive. Bat off is probably next. IMHO, they happen to be the best looking of the four as well, so you will get bang for buck and an attractive card at the same time.
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#2
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As others have intimated, your best bet is to seek out a PSA 4 or SGC 50 (VG/EX) Cobb Red Portrait, which with some patience you can probably find for $1K and change. I would stay away from ungraded since most of the unaltered Cobbs have found their way into reputable holders.
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#3
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It wasn't that long ago that I was putting together a quartet of T206 Cobbs, so the prices for the four during the past 2-3 years are fresh in my mind. That being said, you're picking a great time to add one to your collection.
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