Baseball cards from the 1910s and early 1920s are some of the most sought after and valuable cards in the hobby. The T206 and E90 sets from 1909-11 are considered the pinnacle, but the W514 issues from 1919-1921 also hold significant historical importance and collectability. Let’s take a deeper look at the W514 set and how to value these century old cardboard treasures.

The W514 set was produced from 1919-1921 by the American Caramel Company as promotional inserts in caramel candy packs. Like most early 20th century baseball cards, they were not considered collectibles at the time and were simply thrown away by most after being redeemed. The set featured 160 total cards over the 3 year run, with each year containing a different subset of 80 players. Some of the biggest stars of the deadball era are featured, including Babe Ruth, Ty Cobb, Walter Johnson, and Grover Cleveland Alexander.

Condition is extremely important when evaluating the value of these fragile 100+ year old cards. Even the lowest graded W514 cards still command thousands due to their rarity, historical significance, and the fact that they are some of the earliest baseball cards featuring future Hall of Famers. The highest prices are reserved for examples that have survived in remarkably well-preserved condition given their extreme age. Top grades of PSA NM-MT 8 or SGC Gem Mint 10 can fetch five figures or more for the most desirable subjects.

Let’s take a closer look at some key players and valuation guides for top W514 cards in various states of preservation:

Babe Ruth (1919):

PSA 3 (Poor): $3,000-$5,000
PSA 5 (Very Good): $7,000-$12,000
PSA 8 (Gem Mint): $25,000-$40,000
SGC 10 (Gem Mint): $50,000+

The Babe Ruth is the crown jewel of the set due to his legendary status. Even low-grade examples command significant money due to his unmatched popularity. Mint condition specimens are true trophies for any collection.

Ty Cobb (1920):

PSA 3: $1,500-$2,500
PSA 5: $3,500-$6,000
PSA 8: $12,000-$18,000
SGC 10: $25,000+

As arguably the greatest player of the deadball era, Cobb cards retain excellent value across all conditions. Mint examples are especially tough to come by and priced accordingly.

Walter Johnson (1921):

PSA 3: $1,000-$2,000
PSA 5: $2,500-$4,500
PSA 8: $8,000-$12,000
SGC 10: $15,000+

The Big Train’s intimidating presence and Hall of Fame stats still resonate today. Condition is still king, with the finest specimens reserved for only the most elite collections.

Grover Cleveland Alexander (1919):

PSA 3: $800-$1,500
PSA 5: $1,500-$3,000
PSA 8: $5,000-$8,000
SGC 10: $10,000+

Alexander put together a Hall of Fame career and his W514 card remains a strong, affordable option for collectors. Condition makes a big difference in value as always.

The W514 set remains one of the most historically significant issues in the entire hobby due to its early production date and Hall of Fame subjects. Even low-grade examples retain value due to their rarity, antiquity, and representation of the deadball era. The finest conditioned gems are true trophies that can anchor any collection. Condition is absolutely critical to valuation at this level. With care and research, W514 cards continue to be a compelling area for vintage baseball enthusiasts.