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Bill Malarkey

1909-1911 T206 White Border

The 1909 to 1911 T206 baseball card set has long been considered one of the most, if not the most, important issues in the entire hobby. The visual appeal of the cards, the immense size of the set, and the incredible player selection make this treasure a collector favorite. Along with the 1933 Goudey and 1952 Topps sets, the classic T206 set is one of “The Big Three” in the world of baseball cards.

You can easily make the argument that “The Monster,” as it is commonly referred to, is truly the pinnacle of all trading cards sets. It is much larger than the 1933 Goudey set, requiring more than twice the amount of cards to complete. It is also arguably more visually appealing than the 1952 Topps set due to the superb artwork used in the design.

Furthermore, the 524-card T206 set is home to the most valuable trading card in the world, the card that has become the symbol of the hobby itself. Of course, I am referring to the Mona Lisa of trading cards . . . the T206 Honus Wagner. The Wagner card shares the limelight with 75 other cards featuring members of baseball’s Hall of Fame, but it is worth more than the other 523 cards combined, assuming they are in the same condition. At the time of this writing (2009), the highest price ever paid for any trading card was $2.8 million, a Wagner example that was graded NM-MT 8 by Professional Sports Authenticator, the leading third-party authentication and grading service.

The Wagner card is so desirable that even low-grade copies that receive only a Poor 1 on a scale of 1 to 10 (the lowest possible grade on the PSA grading scale) have fetched $400,000 at auction. The card, like the set itself, has taken on a life of its own and become an iconic collectible. While Wagner was a true legend of the game and one of the greatest shortstops in baseball history, the card depicting this Hall of Fame member has certainly surpassed the man himself in terms of fame.

Yes, the T206 set may be the most significant release in hobby history. Yes, Honus Wagner was one of the most significant players ever to put on a uniform. Yes, after being pulled from production early on by the manufacturer, only 50 or so examples of this card are known to exist, making it one of the true rarities in the trading card world. All of these facts may be true, but the reason why the T206 Wagner has reached such lofty heights in value is the story behind the man and the card.

The most prevalent misconception about this great card is that it is the rarest of the rare, resulting in its staggering value. What may come as a surprise to most casual collectors or even noncollectors is the fact that the T206 Wagner is not nearly as scarce as some other notable trading card rarities. The number of surviving copies is only part of the story.

There is more than one theory behind the rarity of the card, including a simple contract dispute theory. Many people believe Honus Wagner wanted his card pulled from production because Wagner, though an avid user of tobacco himself, did not want to promote tobacco to children since the cards were packaged with various brands of cigarettes. Knowing what we now know about the dangers of tobacco, especially as it relates to cigarettes, this stance taken by Wagner over 100 years ago becomes all the more interesting.

As with most other great collectibles, such as autographs, game-used equipment, and original photographs, the stories behind the items make them interesting and desirable. Every collectible, in its own way, is a conversation piece. How were these cards distributed? What makes this game-used bat special? Why did Babe Ruth sign this particular document? Every collectible has a story.

This is also true of every figure the collectible relates to, and that is what makes this particular book different from so many of the published hobby guides released over the years. If Honus Wagner were a relatively unknown player, would his T206 card carry the value it has today? No. If a Mickey Mantle game-used bat was instead used by Mickey Vernon, would it be worth anywhere near the same amount? No. Would a baseball signed by Jackie Robinson and one signed by Jackie Jensen be valued the same? No. I think you get the point.

Above all, it is the story behind the person that drives the majority of the value. Otherwise, it may be just a card or just a bat or just a ball. More often than not, it is the sports figure’s name that makes the collectible special. This book takes a look at each individual pictured on the cards, from superstars of the day like Ty Cobb and Cy Young to lesser-known major and minor leaguers like Clyde Engle and Bill Cranston. Each player has a story and each player contributed to the game . . . and all of them are part of the “monstrosity” known as the T206 set.

Today, we see virtually everything and know almost everything about current players, both on and off the field. In some cases, I would argue that we are presented with too much information, but this is the culture we live in today. With the immense sports coverage on television and the multitude of Internet sites devoted to sports, it seems as if the modern athlete cannot move a muscle without being caught on camera.

We do not have that luxury when it comes to learning about baseball players who were active during the early part of the 20th century. We often have to rely on period photographs and statistical information, at least whatever statistics can be found, in order to paint the picture of a time long past, to tell the story of the players who made history before history was documented on film after every pitch, every swing, and every catch.

That is what this book is all about, the story behind each man found in this legendary set, men who put on a uniform during a time when the equipment was a bit crude and the game wasn’t plagued by performance-enhancing-drug controversies. The game of baseball, no matter the era, is a terrific sport. Somehow, it is complicated yet simple at the same time. Its combatants must use almost equal combinations of brain and brawn in order to defeat their foes, perhaps more so than in any other sport.

Like the game of chess, every move has an impact on the outcome. For the astute fan, there are many games within the game that go unnoticed by the casual spectator, but it is all part of what makes baseball so interesting. The subtle communication between defenders as they position themselves before each hitter, the tension between a base runner trying to steal a base and the catcher trying to stop him, and managers trying to outthink each other on every play are all part of the complicated dance known as baseball. Complexity defines the sport, and that term may best describe the iconic T206 set.

- Joe Orlando: The T206 Collection: The Players and Their Stories

William John “Bill” Malarkey

Born: November 26, 1878 - Port Byron, IL
Died: December 12, 1956 - Phoenix, AZ
Batted: RH
Threw: RH
Position: P
MLB Pitching Record: 0–2
ERA: 2.57

New York Giants NL (1908)

Bill Malarkey came up to the majors after one season with the Sharon Giants in the Ohio-Pennsylvania league. The 29-year-old rookie appeared in 15 games for the Giants in 1908, going 0–2. After his brief time in the majors, Malarkey played for the Buffalo Bisons in the Eastern League for three seasons, going 13–11 in 1909 and 10–6 in 1910. After moving to the Pacific Coast League’s Oakland Oaks, he had some very good years. He went 20–12 in 1912 and 25–16 in 1913. It is surprising that he never got more of a chance in the majors. Malarkey retired after the 1915 season with a 107–97 record over his nine minor league seasons.

– Tom and Ellen Zappala, The T206 Collection: The Players and Their Stories

Click link to see a complete population breakdown by tobacco brand/back.

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MINT 9
2 NM-MT 8
2 NM-MT 8
2 NM-MT 8
3 NM+ 7.5
4 NM 7 (10)

Prices By Grade


Grade Most Recent Price Average Price PSA Price Population POP Higher
GEM - MT 10
MINT 9 $6,000.00
NM - MT 8 $3,107.00 $2,000.00 2
NM 7 $720.00 $700.00 4 2
EX - MT 6 $250.00 9 7
EX 5 $142.54 $150.00 16 17
VG - EX 4 $183.71 $183.71 $100.00 19 34
VG 3 $95.06 $95.06 $75.00 11 53
GOOD 2 $50.00 3 64
FR 1.5 67
PR 1 $25.00 3 67
Auth 70

Auction Prices Realized

Date Price Grade Lot # Auction House Auction/Seller Type Cert
02/08/2023 $184 4 275654565462 eBay quickconsignment_802 Auction 31166461
12/08/2022 $95 3 325441135599 eBay gmcards2 Auction 01789568
07/31/2021 $97 4 353581809076 eBay pwcc_auctions Auction 90500423
04/14/2020 $110 4 303329597248 eBay investmentgradekeycomics Buy It Now 30657763
09/23/2019 $720 7 50298 Heritage Auctions 2019 September 19 The David Hall T206 Collection P Auction 03386247
03/24/2019 $143 5 192859063797 eBay lomosports Auction 01700912
05/14/2017 $50 6 (MK) 132181400838 eBay buythatcard Auction 50059596
03/12/2017 $99 5 351995720708 eBay pwcc_auctions Auction 40442909
01/08/2017 $132 5 42011 Heritage Auctions Sunday Internet Sports Collectibles Auction Jan 8, Auction 50063713
10/11/2016 $80 4 351861135370 eBay pwcc_auctions Auction 11647265
09/22/2011 $757 7 302 Goodwin and Co. Auctions Masterpieces and Uncommon Commons XXXV Auction 03386247
06/17/2011 $121 5 563 Goodwin and Co. Auctions Masterpieces and Uncommon Commons XXXIII Auction 06496490
03/25/2007 $49 3 12033 Heritage Auctions Monthly Internet Sports Auction Mar 25, 2007 Auction 09109503
10/28/2006 $3,107 8 19707 Heritage Auctions 2006 October Signature Sports Memorabilia Auctio.. Auction 06008986
09/10/2005 $41 4 123 Lelands August 2005 - Sports Collectors' Auction 90500423
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