FLOAT

FLOAT 100 · Trading cards · No. 12

1909-11 T206 Walter Johnson (Portrait)

A hand-tinted photograph of a 21-year-old farm boy from Kansas, tucked into cigarette packs while he was still losing more than he won, became the classic image of the pitcher many call the greatest who ever lived.

Year
1909-1911
Maker
American Tobacco Co. (T206)
By price in trading cards
83 of 100
Realized at auction · 2024$4,080A realized sale: somebody paid it.

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Issued
1909-1911, in the T206 white-border tobacco set
Maker
American Tobacco Company, through 16 cigarette and tobacco brands
Size
1 7/16 by 2 5/8 inches
Subject
Walter Johnson, Washington pitcher, 417 career wins, 110 shutouts
Pose
Portrait: a close-up, hand-tinted photograph on a yellow background. Johnson's other T206 card shows him with hands at chest.
Photographer
Carl Horner is known to have taken the source photograph
Backs seen
Piedmont 150 and Sweet Caporal Factory 649, among others
This entry
The Portrait in PSA 4 (VG-EX)
Top of the census
Six PSA 9 copies lead the population census; none graded PSA 10
Highest price found
$135,000 for a PSA 9 in an online auction, May 2019

A pack of cigarettes and a ballplayer

From 1909 to 1911 the American Tobacco Company slipped small color lithographs of ballplayers into packs of cigarettes and loose tobacco sold under 16 of its brands. Collectors know the result as T206, the catalog number later assigned by Jefferson Burdick in The American Card Catalog, or simply as the white-border set. It runs to 524 cards, more than 100 of them minor leaguers, each 1 7/16 by 2 5/8 inches.

Because the set was printed over three years, many players appear in more than one pose. Walter Johnson has two. The more common shows him in an illustration against a blue background, looking to his left with his hands held tight to his chest. The other, the one collectors call the Portrait, is a close-up photograph of a young, serious-looking Johnson, hand-tinted for printing so that it reads almost like a painting, with his hair colored a bright orange.

The photograph is credited to Carl Horner. The same card front was paired with different advertising backs, depending on the brand it was packed with; graded copies have been offered with Piedmont 150 and Sweet Caporal Factory 649 backs, among others.

The Big Train

Walter Perry Johnson was born on November 6, 1887, in Humboldt, Kansas. His family moved to the oil boomtown of Olinda in Orange County, California, in 1902. In high school he struck out 27 batters in a 15-inning game. He then moved to Idaho, worked for a telephone company and pitched for a team in Weiser, where scout Cliff Blankenship found him. He signed with Washington in July 1907, at 19, and debuted on August 2.

Ty Cobb remembered that first game: 'something went past me that made me flinch. The thing just hissed with danger.' Johnson threw sidearm, which made his fastball even harder for right-handed hitters to pick up. A munitions laboratory in Bridgeport, Connecticut, timed it in 1917 at 134 feet per second, about 91 miles per hour.

Over 21 seasons, all with Washington, he won 417 games, second only to Cy Young, with a 2.17 ERA and a record 110 shutouts. He won 20 or more games twelve times, ten in a row, topped 30 wins in 1912 and 1913, won the pitching triple crown three times and was twice named American League MVP. His career strikeout total, 3,509 by the modern count, stood as the record for more than 55 years until 1983.

He finally reached the World Series in 1924, his 18th season, and won Game 7 with four scoreless innings of relief. After retiring he managed Washington and Cleveland, ran unsuccessfully for Congress, and in 1936 became one of the first five players elected to the Hall of Fame, alongside Babe Ruth, Ty Cobb, Honus Wagner and Christy Mathewson. He died in Washington on December 10, 1946, at 59.

A losing team and a rising star

When the T206 cards were reaching smokers, Johnson was still a young pitcher on a bad club. Washington finished last twice and next-to-last three times in his first five seasons. In 1909, at 21, he went 13-25 despite a 2.22 ERA. The next year he broke through: 25-17 with a 1.36 ERA and an American League-leading 313 strikeouts in 370 innings. In 1911 he went 25-13.

Washington baseball was becoming a national stage. On April 14, 1910, President William Howard Taft threw out the first pitch before Washington's opening game against Philadelphia, the first sitting president to take part in Opening Day ceremonies and the start of a tradition. Beyond the ballpark, the Boy Scouts of America was incorporated, Jack Johnson beat James J. Jeffries in a heavyweight fight that set off riots, and the Great Fire of 1910 burned about 3 million acres in the Northwest.

From pack to graded slab

Like most T206 cards, the Portrait was printed in large numbers; the tobacco trust distributed tens or even hundreds of thousands of cards of a given player. What separates copies today is condition. Most high-grade Johnson Portraits that exist today trace to an uncirculated hoard known in the hobby as the Southern Find, which is one reason the Portrait, though more popular, is considered easier to find in top condition than the Hands at Chest pose.

The finest copies have their own histories. A PSA 9 from the Harris Collection, a T206 set universally recognized as the finest ever assembled, sold for a then-record $38,358 when the collection was auctioned in August 2000. Its original buyer consigned it again in 2005, when it sold for $37,700 at auction.

In May 2019 another PSA 9 Portrait sold for $135,000 in an online auction. A trade report at the time said the card typically brought around $30,000 in PSA 8, showing how much a single grade point can matter at the top. A PSA 7 with a Sweet Caporal back brought $18,000 at auction in 2016.

The PSA 4 copies that this entry tracks sit in the middle of the population. Graded VG-EX, they sit five grades below the finest known copies. One sold for $5,640 with buyer's premium in August 2022 after 33 bids; another, with a Piedmont 150 back, sold for $4,080 at auction in 2024.

What to look for

Check the pose first. The Portrait is a tight head-and-shoulders photograph on a yellow background, Johnson's hair tinted orange. If the card shows an illustrated pitcher on blue with his hands at his chest, it is the other Johnson card. Then read the back: the brand and factory number identify the variation, and collectors track Portrait copies by back.

Condition drives everything. The grading service's census lists six PSA 9 copies at the top, followed by eight PSA 8s, with no PSA 10. In the middle grades, the count of PSA 4 copies in one back category alone was 59, with 70 graded higher in that category. The value of the set has also attracted counterfeiters for decades, so authentication matters.

The numbers

1909 season
13-25, 2.22 ERA, 40 G, 36 GS, 27 CG, 4 SHO, 296.1 IP, 164 SO
1910 season
25-17, 1.36 ERA, 45 G, 38 CG, 8 SHO, 370.0 IP, 313 SO (AL leader)
1911 season
25-13, 1.90 ERA, 40 G, 36 CG, 6 SHO, 322.1 IP, 207 SO; fifth in MVP voting
1913 season
36-7, 1.14 ERA, 11 SHO, 243 SO; AL MVP
Career (1907-1927)
21 seasons, 417-279, 2.17 ERA, 531 CG, 110 SHO, 5,914.1 IP, 3,509 SO
Honors
AL MVP 1913 and 1924; pitching triple crown 1913, 1918, 1924; Hall of Fame 1936
As a manager
529-432 with Washington (1929-1932) and Cleveland (1933-1935)

Timeline

  1. Walter Johnson is born in Humboldt, Kansas.

  2. His family moves to Olinda, California.

  3. Johnson signs with Washington at 19.

  4. He makes his major league debut.

  5. The American Tobacco Company begins issuing T206 cards, including Johnson's Portrait.

  6. Johnson goes 25-17 with a 1.36 ERA and 313 strikeouts.

  7. T206 distribution ends.

  8. Johnson wins 36 games with a 1.14 ERA and is named AL MVP.

  9. He wins Game 7 of the World Series in relief, and his second MVP.

  10. Johnson is released at his request, ending his playing career.

  11. He is elected to the Hall of Fame in its first class.

  12. Johnson dies in Washington at 59.

  13. His career strikeout record is finally passed.

  14. The Harris Collection PSA 9 Portrait sells for a record $38,358.

  15. The Harris PSA 9 sells again at auction for $37,700.

  16. A PSA 9 Portrait sells for $135,000 in an online auction.

The world in 1910

  • The first U.S. aviation meet opens near Los Angeles.

  • The Boy Scouts of America is incorporated.

  • President Taft throws the first presidential Opening Day pitch, in Washington.

  • Congress establishes Glacier National Park.

  • Jack Johnson defeats James J. Jeffries in Reno, sparking riots nationwide.

  • The Great Fire of 1910 begins, burning about 3 million acres in two days.

  • The Philadelphia Athletics win the World Series over the Chicago Cubs.

Price record

DatePriceKind
Aug 2000$38,358Sold at auctionPSA 9, Harris Collection copy. A record for the card at the time.
2005$37,700Sold at auctionPSA 9, the same Harris Collection copy, resold by its original buyer.
2016$18,000Sold at auctionPSA 7, Sweet Caporal Factory 649 back.
May 2019$135,000Sold at auctionPSA 9. Online auction.
Aug 7, 2022$5,640Sold at auctionPSA 4. Includes buyer's premium; 33 bids.
2024$4,080Sold at auctionPSA 4, Piedmont 150 back.

A realized auction price is what a buyer actually paid on the date shown, including the buyer's premium where the sale reported it. It is the strongest kind of reference price, and it is a record of one sale of one object on one day, not a promise of what the next example will bring.

By reference price, 1909-11 T206 Walter Johnson (Portrait) is number 83 of 100 in the trading cards entries of the FLOAT 100. 97 of those 100 rest on a realized sale; the rest carry an asking price or a guide value, and each page says which. Rank within the FLOAT 100 itself (12 here) is editorial: how much an object defines its field, not price alone.

Did you know

  • Johnson was 13-25 in 1909, the year his T206 card began appearing; within two years he was a 25-game winner.
  • The Portrait began as a photograph, hand-tinted for printing; Johnson's hair came out a bright orange.
  • Most high-grade Portraits trace to a single uncirculated find, which makes the less popular Hands at Chest pose the harder of the two in top grade.
  • Johnson once threw a silver dollar across the Rappahannock River on George Washington's birthday in 1936 to show the legendary feat could be done.
  • He lost 65 games in which his team failed to score a run, and went 38-26 in 1-0 games, both major league records.
  • The finest-known copy in 2005 sold for slightly less than it had brought five years earlier.
How this page is made
The figure
One reference price, shown with its own kind. FLOAT does not average it with anything or adjust it for time.
Realized or not
A realized price is a completed sale. An asking price, an estimate and a price-guide value are not sales, and are labeled as such wherever they appear.
The story
Researched from published records and checked fact by fact. Updated Oct 1, 2026.
Archive
Oct 5, 2026