FLOAT 100 · Trading cards · No. 1
T206 Honus Wagner
A tobacco premium the size of a playing card, pulled from production because the greatest shortstop of his age did not want his picture sold with cigarettes, became the most storied piece of cardboard in the world.
- Year
- 1909-1911
- Maker
- American Tobacco Co. (T206)
- By price in trading cards
- 6 of 100
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Create a free account- Issued
- 1909-1911, as part of the T206 white-border tobacco series
- Maker
- American Tobacco Company
- Backs
- Piedmont and Sweet Caporal cigarettes, printed at Factory 25 in Virginia
- Size
- 1 7/16 by 2 5/8 inches
- Subject
- Honus Wagner, Pittsburgh Pirates shortstop, eight-time National League batting champion
- How many
- Estimates of cards distributed run from about 50 to 200; fewer than 50 authenticated copies are reported
- Why so scarce
- Wagner objected to his picture appearing in cigarette packs, and the card was withdrawn
- Best-known copy
- The 'Gretzky' Wagner, graded PSA 8, once owned by Wayne Gretzky and Bruce McNall
- Highest reported price
- $7.25 million, private sale of an SGC 2 copy, August 2022
A card that was never supposed to be rare
Between 1909 and 1911 the American Tobacco Company tucked small lithographed cards of ballplayers into packs of its cigarettes. The set collectors now call T206, or the white-border set, was a mass-market premium: a stiffener for the soft pack and a reason to keep buying the same brand. The Wagner card measures 1 7/16 inches wide by 2 5/8 inches tall, with a lithographed portrait on the front and a single-color tobacco advertisement on the back.
Wagner's card carries one of two backs, Piedmont or Sweet Caporal, and was produced at the company's Factory 25 in Virginia. Nothing about its design marked it as special. What made it special was that it stopped being made almost as soon as it started.
How many reached the public is not known. Published estimates range from roughly 50 to 200 cards distributed, and fewer than 50 authenticated copies are reported to survive. For comparison, many common players in the same set survive in the thousands.
The Flying Dutchman
Honus Wagner was born February 24, 1874, in Chartiers, Pennsylvania (now Carnegie), one of nine children of German immigrants Peter and Katheryn Wagner. He worked in the coal mines as a boy. His teammates shortened Johannes to 'Honus,' and his speed and German roots earned him the nickname 'The Flying Dutchman.'
Ed Barrow spotted him in 1896 and brought him to the Paterson Silk Weavers, where he hit .375 in 74 games in 1897. He reached the majors with the Louisville Colonels on July 19, 1897. When the National League contracted after 1899, owner Barney Dreyfuss moved Wagner and other Louisville stars to the Pittsburgh Pirates, where he played the next 18 seasons.
He won eight National League batting titles: 1900, 1903, 1904, 1906, 1907, 1908, 1909 and 1911. When the T206 cards were being printed he was at his peak, hitting .350 in 1907, .354 in 1908 and .339 in 1909. On June 28, 1914, at age 40, he collected his 3,000th hit, becoming only the second player after Cap Anson to reach the mark.
When he retired in 1917 he held the records for games played (2,794), at-bats (10,439), hits (3,420), runs (1,739), extra-base hits (996) and total bases (4,870). His 252 triples remain a National League record. In 1936 he entered the Hall of Fame in its first class, named on 215 of 226 ballots, tied with Babe Ruth for second behind Ty Cobb. He coached for the Pirates from 1933 to 1952 and died December 6, 1955, at 81.
Why Wagner said no
The scarcity traces to Wagner himself. In an October 12, 1912, report in The Sporting News, Wagner said he 'did not care to have his picture in a package of cigarettes' and threatened legal action, and the card was pulled from production.
His motive is still argued. His granddaughter said he did not want children buying tobacco to get his card. Others suspect money: Wagner was a hard bargainer. But he reportedly sent $10 to John Gruber, the intermediary who had asked for his permission, which argues against a pure payday. And Wagner chewed tobacco and appeared in other tobacco advertising, which complicates the moral reading.
The sources do not settle it, and neither will this page. What is certain is the result: a card from the most widely distributed set of its era became one of the hardest to find.
Pittsburgh, 1909
The year the card appeared, Wagner's Pirates opened Forbes Field and won the World Series. The 1909 Series, played October 8-16, was the first to go seven games. It was billed as Wagner against Ty Cobb, the 22-year-old star of the Detroit Tigers, and the 35-year-old Wagner won the duel: he hit .333 with 8 hits and 6 stolen bases, a Series record that stood until Lou Brock passed it in 1967. Cobb hit .231.
Rookie Babe Adams won three games, the last an 8-0 shutout in Game 7 in Detroit on October 16. Pittsburgh stole 18 bases in the Series, and the title was the city's first major professional sports championship.
Outside the ballpark, William Howard Taft had just been sworn in as president, the NAACP was founded in February, the Lincoln cent was released in August and the Army bought the Wright Military Flyer. A cigarette card of a ballplayer cost the buyer nothing beyond the pack.
From $25,000 to the Gretzky card
The most famous single copy is known as the Gretzky Wagner. Card dealer Bill Mastro acquired it in 1985 for $25,000 and sold it in 1987 for $110,000 to collector Jim Copeland. On March 22, 1991, hockey star Wayne Gretzky and Los Angeles Kings owner Bruce McNall bought it at auction for $451,000, turning a niche hobby object into front-page news.
Gretzky sold it in 1995 for $500,000 to a national retailer and a trading-card company, which gave it away in a promotional contest. A Florida postal worker, Patricia Gibbs, won it in February 1996 and sold it at auction that September to collector Michael Gidwitz (reported prices for that sale differ slightly, at about $640,000). In July 2000 an online auction sold it to a collector for $1,265,000, widely reported as $1.27 million.
In February 2007 that collector sold it privately for $2.35 million to a buyer later reported to be former major league pitcher Tom Candiotti. About six months later it changed hands again for $2.8 million; in April 2011 the buyer was revealed as Ken Kendrick, managing general partner of the Arizona Diamondbacks.
The card's story then took a dark turn. It had been graded PSA 8, the highest grade ever given a T206 Wagner, and its sharp edges were part of its legend. Mastro was indicted on federal fraud charges on December 4, 2012, and in October 2013 he pleaded guilty and admitted trimming the Wagner card in the mid-1980s to increase its value. He was sentenced in August 2015 to 20 months.
Other copies have their own names and records. The 'Jumbo Wagner,' a miscut copy graded PSA 5, sold for $2,105,770 in April 2013 and $3,120,000 in October 2016. An SGC 3 copy brought $6,606,296 at auction in August 2021. In August 2022 an SGC 2 copy sold privately for a reported $7.25 million, the highest price then paid for any sports card. In early 2026 a newly surfaced PSA 1 copy, held by one family for 116 years, sold at auction for $5.124 million with buyer's premium.
What to look for
A genuine T206 Wagner carries a Piedmont or Sweet Caporal back from Factory 25. Collectors track the known copies individually, often by nickname and by grading certificate, so a copy's ownership chain is part of its identity. In the public sales record, grades run from Authentic up through PSA 5 on the miscut 'Jumbo' copy, with the trimmed Gretzky copy's PSA 8 the outlier at the top.
Several copies that have sold are described as restored, trimmed or shellacked. One restored copy sold several times between 2009 and 2018 for $188,000 to $420,000, far below what unaltered graded copies brought in the same years.
Grade moves the price enormously. PSA Authentic copies have sold for under $2 million, while an SGC 3 brought $6,606,296 and an SGC 2 a reported $7.25 million.
The numbers
- 1909 season
- 137 G, 495 AB, 92 R, 168 H, 39 2B, 10 3B, 5 HR, 100 RBI, 35 SB, .339 BA, .420 OBP, .489 SLG. NL batting champion.
- 1909 World Series vs. Detroit
- 7 G, 24 AB, 4 R, 8 H, 2 2B, 1 3B, 6 RBI, 6 SB, 4 BB, .333. Pirates won 4-3.
- 1908 season
- 151 G, 201 H, 39 2B, 19 3B, 10 HR, 109 RBI, 53 SB, .354 BA, .542 SLG. NL batting champion.
- 1907 season
- 142 G, 180 H, 82 RBI, 61 SB, .350 BA. NL batting champion.
- 1910 season
- 150 G, 178 H, 81 RBI, 24 SB, .320 BA.
- 1911 season
- 130 G, 158 H, 89 RBI, 20 SB, .334 BA. NL batting champion.
- Career (1897-1917)
- 21 seasons, 3,420 hits, 1,732 RBI, .328 BA, 252 triples
- Batting titles
- 8 (1900, 1903, 1904, 1906-1909, 1911)
- Hall of Fame
- Inaugural class, 1936; 215 of 226 ballots
Timeline
Honus Wagner is born in Chartiers, Pennsylvania.
Wagner debuts in the majors with the Louisville Colonels.
The American Tobacco Company begins issuing the T206 series; Wagner's card is withdrawn early.
Wagner's Pirates win Game 7 of the World Series, 8-0, over Detroit.
A published report quotes Wagner saying he did not want his picture in a package of cigarettes.
Wagner collects his 3,000th hit.
Wagner is elected to the Hall of Fame in its first class.
Wagner dies at 81.
Bill Mastro acquires the copy later called the Gretzky Wagner for $25,000.
Wayne Gretzky and Bruce McNall buy the card at auction for $451,000.
Florida postal worker Patricia Gibbs wins the Gretzky card in a promotional contest.
The Gretzky card sells in an online auction for $1,265,000.
The Gretzky card sells privately for $2.35 million.
The Gretzky card sells privately for $2.8 million, later revealed to be to Ken Kendrick.
Bill Mastro pleads guilty to federal fraud and admits trimming the Gretzky card.
An SGC 3 copy sells at auction for $6,606,296, then a record for any sports card.
An SGC 2 copy sells privately for a reported $7.25 million.
A PSA 1 copy held by one family for 116 years sells at auction for $5.124 million.
The world in 1909
The NAACP is founded.
William Howard Taft is sworn in as the 27th president.
The Queensboro Bridge opens in New York.
The Army buys the Wright Military Flyer, and the Lincoln cent is released.
The Indianapolis Motor Speedway holds its first event.
The Pittsburgh Pirates win the first seven-game World Series.
The Manhattan Bridge opens.
Price record
| Date | Price | Kind |
|---|---|---|
| 1985 | $25,000 | Private saleGretzky copy, acquired by dealer Bill Mastro before it was graded. |
| 1987 | $110,000 | Private saleGretzky copy, sold by Mastro to collector Jim Copeland. |
| Mar 22, 1991 | $451,000 | Sold at auctionGretzky copy (later PSA 8). Bought at auction by Wayne Gretzky and Bruce McNall. |
| 1995 | $500,000 | Private saleGretzky copy, PSA 8. Sold by Gretzky to a national retailer and a trading-card company for a promotional giveaway. |
| Jul 21, 2000 | $1,265,000 | Sold at auctionGretzky copy, PSA 8. Online auction; widely reported as $1.27 million. |
| Feb 27, 2007 | $2,350,000 | Private saleGretzky copy, PSA 8. Private sale. |
| Sep 2007 | $2,800,000 | Private saleGretzky copy, PSA 8. Private sale; buyer later revealed as Ken Kendrick. |
| Apr 5, 2013 | $2,105,770 | Sold at auctionThe 'Jumbo Wagner,' PSA 5 (miscut). |
| Oct 2, 2016 | $3,120,000 | Sold at auctionThe 'Jumbo Wagner,' PSA 5 (miscut). |
| Oct 11, 2019 | $1,353,625 | Sold at auctionPSA 2. A record for the grade at the time. |
| Oct 7, 2020 | $3,250,000 | Sold at auctionPSA 3. |
| May 22, 2021 | $3,751,500 | Sold at auctionPSA 2. |
| Aug 15, 2021 | $6,606,296 | Sold at auctionSGC 3. A record for any sports card at the time. |
| Aug 4, 2022 | $7,250,000 | Private saleSGC 2. Reported price; one sales list records $7.5 million. |
| Oct 8, 2022 | $3,720,000 | Sold at auctionPSA 1.5. |
| Sep 7, 2023 | $1,968,000 | Sold at auctionPSA Authentic. |
| Feb 2026 | $5,124,000 | Sold at auctionPSA 1, newly surfaced family-held copy. Includes buyer's premium. |
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, T206 Honus Wagner is number 6 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 (1 here) is editorial: how much an object defines its field, not price alone.
Did you know
- Wagner did not sign off on the card: a 1912 report quoted him saying he did not want his picture in a package of cigarettes.
- The most famous copy, the PSA 8 'Gretzky' Wagner, was trimmed in the mid-1980s by the dealer who sold it, as he admitted in a 2013 guilty plea.
- A Florida postal worker once owned the Gretzky card after winning it in a 1996 promotional contest.
- In the 1909 World Series, the 35-year-old Wagner outhit 22-year-old Ty Cobb .333 to .231 and stole six bases to Cobb's two.
- Wagner's six steals in the 1909 Series stood as a World Series record until Lou Brock broke it in 1967.
- A copy that surfaced in 2026 had been in one family for 116 years; their grandfather had collected cards in the early 1900s.
- Wagner's 252 career triples are still the National League record.
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