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“Collecting Newspapers – The Basics” (Part IV) – Setting Values…
March 25, 2024 by TimHughes · 532 Comments
We are often asked “What’s my newspaper worth?” in phone calls and email messages. As one might suspect, there are many factors which determine value and much like a jeweler cannot give a value of a diamond by an email or telephone inquiry, our ethics do not permit us to place values on newspapers without seeing the issues in hand.
Many factors determine value. The more important include condition, desirability among collectors, extent of coverage, completeness of the issue, proximity of the city of publication to where the event happened, time lag between the event date and the reporting date, dramatic appeal (more so with 20th century issues), and location of the report within the issue (front page? page 3?). Other factors come into play with more significant events but those noted are the prime determinants of value.
From a personal perspective setting values has been an interesting process, as no guide book of values existed 30+ years ago when I started the business. I priced an item in my catalog for $10 and if I had twenty orders for it I knew the price was too low. If no one ordered it the price was too high. Through the years, and by data basing sold prices (on index cards prior to the computer!), I’ve honed my own “price guide” based on actual sales, and it is this now-sophisticated database which we use to set values for new inventory as it arrives.
Do values continue to rise? In general, yes, but we are careful to never recommend the purchase of early newspapers for investment purposes. As is true of most collectibles, rarity and desirability determine where prices will be for the future.
But providing an historical perspective from our own files, back in October of 1981 we sold in our catalog #26 the NEW YORK HERALD of March 5, 1865 reporting the inauguration of Abraham Lincoln, very nice condition, for $70. In 2018 we sold another issue of the NEW YORK HERALD of March 5, 1865, also in very nice condition, for $745. If we had a similar issue today, it would likely go for around $1,000 – and even more if offered through a prominent auction house.
So, what do you do if you have a newspaper and would like to know its approximate value? One resource is this Blog – not for posting questions, but for exploring. We have many posts which provide specific examples of issues and their prices. Perhaps a better resource is the Rare & Early Newspapers website which provides 10,000+ examples (best to search by date and look for a comparable – see image below). Once you’ve explored these avenues, you are always welcome to contact us directly by email (guy@rarenewspapers.com). We would need the exact title and exact date of each issue to get started. Sending only photos does not work for us.
What two resources are not helpful?
1) Ebay. Why? Just because someone is asking for an amazing price doesn’t mean they’ll ever sell it at that price. “Previous Sales” are what matters.
2) Posting a question on this Blog. Why? We rarely monitor it.
Feel free to send any additional questions concerning the valuation of newspaper to us at the same email shown above. We’ll do our best to answer any that come our way… and who knows, perhaps they show up in a future post. 🙂
Obtaining the Value of a Newspaper or Collection…
May 12, 2016 by GuyHeilenman · Leave a Comment
We do not monitor requests concerning the value of newspapers through this venue – but we would be glad to assist. If you have a newspaper or a collection for which you are seeking an appraisal, please contact us directly at info@rarenewspapers.com. Please include as many details as possible. Thanks.
Old Newspapers… New Value…
September 10, 2015 by GuyHeilenman · 6 Comments
We just became aware of a post featured on The Atlantic in regards to a large collection of newspapers from New Orleans that is quite interesting. Please enjoy:
Do Old and Antique Newspapers Have Any Collectible Value?
October 25, 2013 by GuyHeilenman · 808 Comments
It is not often I travel to Yahoo for answers to some of the more meaningful questions of life: Where did we come from? What is the purpose of Life? Do old newspapers have value? However, I recently came upon a post on Yahoo Voices which did a decent job of handling this last question. It begins:
You’ve Happened Upon a Stack of Old Newspapers…Some Have Historic Headlines! Are They Worth Anything?
Let face it, old newspapers don’t get much respect. In today’s world, they’re generally seen as material for the recycler. And years ago, many libraries simply tossed them out after converting them to micro or digital files. But do old or antique newspapers have any collectible value? The answer is a definite…maybe!
Newspapers have been around almost as long as the Gutenberg Press. And in general they’ve been seen as expendable–meant to be read a time or two and then thrown away, or used for fish wrap or some other convenient purpose. But newspapers also have tremendous historic value… (read more)
(Unfortunately, the Yahoo article has since expired. If anyone has discovered great articles regarding the value of newspapers, please let us know and we’ll consider adding it. In the meantime, feel free to use the www.RareNewspapers.com website for comparables.)
Values for first section only newspapers…
May 20, 2010 by TimHughes · 2 Comments
Fellow collector Morris Brill asks a question which may be on many collectors’ minds:
“If a collector has only the first section of a newspaper containing the reporting of the entire historic event how much is the monetary and collector value depreciated because the entire paper is not available? Is it worthwhile to collect a ‘first section’ only newspaper?”
In my opinion, there is not much decrease in value for not having the entire newspaper if the complete report of the “event” is contained within the first section. Some newspapers–particularly Sunday editions–can be extremely bulky with nothing but superfluous material, so it is not surprising that, in many cases, only first sections were saved.
Some purists might disagree, but rarely do we get requests from collectors wanting only complete newspapers. Many “first section only” issues of 20th century events will be found on our website, and I tend to price such at 80% to 90% of the value of a complete newspaper.
In some cases it can be difficult to tell if the complete issue is present. Some newspapers note the number of pages in the dateline, and others might mention the number of sections. Where neither exist I look for a table of content to see if there are reports on pages beyond what are present. If I have no way of determining, and I am unsure of the issue is complete, I tend to note within the description something like “…presumed complete in 24 pages…” just in case it could be proven to me otherwise.
The value of a newspaper… impacted by content…
April 12, 2010 by GuyHeilenman · 7 Comments
One of the common questions received at Timothy Hughes Rare & Early Newspapers is “What elements are involved in determining the collectible value of a newspaper?” Several posts on this subject may be viewed at: “Determining the Value of an Historic Newspaper“. Two of the elements which drive the collectible value of a paper are content and age. For example, the $0.50-$1.00 newsstand price of a Washington Post, USA Today, or Chicago Tribune with the 1st report on the election of President Obama quickly rose to $35 a month (and higher) after the event (content), and will likely be valued at many times this amount in 20+ years (age).
In contrast, we recently came across a newspaper whose value increased by more than 700% (due to content – a photo) before the end of the day of its initial printing. Our find… the May 1, 1945 Mediterranean edition of Stars and Stripes. The front cover printed the famous photo of Benito Mussolini shown after his execution. In an effort to show a little discretion, the photo is not shown within this post, but may be viewed at: http://www.rarenewspapers.com/view/568477?acl=779383924
Although there have been times when the collectible value of a newspaper increased by the following day, we’d love to know of other pre-2000 events which resulted in an increase in the value of the newspaper on the same day the issue hit the newsstands. If you know of any, feel free to share with the collectible community.
Collecting Rare & Early Newspapers… on a budget…
October 24, 2022 by GuyHeilenman · Leave a Comment
People who collect stamps… like stamps, collect trains… like trains, collect coins… like coins, collect classic cars… like classic cars, etc.. However, those who collect rare & early newspapers may have the collecting bug for Colonial America, the American Revolution, the Civil War, the Old West, sports, elections, inventions, early flight, tragedies, famous death reports, incredible achievements, illustrated ads of new products as they developed over time, beautiful wood-cut prints from famous artists and illustrators, the progress of civil rights and suffrage from the 1700’s through the present, … – oh, and articles, illustrations and/or ads related to stamps, trains, coins, classic cars and other popular collectibles. They may also simply value history and appreciate viewing events through the eyes of those who experienced them first had.
Of course it’s always best to enter a specific collectible before it becomes over-saturated, exploited, or over-priced, but most collectors arrive on the scene when the prices are either too high, or the value of the collectible is starting to decline.
In contrast, while there are several collectible newspapers priced in the $10,000 to $750,000+ range, many can still be obtained “on the cheap”. It is with this in mind one of our staff decided to create a brief video highlighting a few items priced under $50. In fact, there are well over 15,000 such items available on the RareNewspapers.com website. Please enjoy:
WW2 Era Newspapers Found In The Attic… Are They Worth Anything?
October 25, 2021 by GuyHeilenman · Leave a Comment
Perhaps the most common inquiry we receive concerns newspapers from World War II found in parents’ attics. As generations pass it is incumbent upon their children to sort out what is of value and what is not.
The list which follows is a guide for determining what to keep and what to dispose.
In general, there are only about 15 events which are sufficiently notable to excite most collectors. Those event not included on the list are considered “generic” or “atmosphere” issues which, although reporting much on the war, are generally not significant enough to draw the attention of the serious collector.
It’s worth noting that graphic appeal tends to trump title. Example: the New York Times remains one of the more notable newspapers of the 20th century, but their headlines were typically conservative, lacking any drama, flash, or graphic appeal. Small town newspapers with dramatic graphic appeal will be more desired.
Issues which fit the events and criteria noted below could well have collector value. Feel free to send the exact title and date of each along with photos of the entire front pages (showing margins) to: info@rarenewspapers.com
Note: Perhaps the mostly commonly reprinted issue of the war is the Honolulu Star-Bulletin of Dec. 7, 1941. Most of the issues on the market are the common reprint, still sold at the souvenir stand at the U.S.S. Arizona Memorial in Honolulu. See this blog post on how to tell a reprint from the genuine issue.
Top 15 events of World War II:
1) Germany invades Poland, 9/1/1939
* This event marked what many regard as the start of the war. Although not an American
event, most collectors want this report among their holdings.
2) Attack on Pearl Harbor, 12/7/1941
* Japan’s naval air force attacks military bases on Oahu, Hawaii, thus thrusting the United States into the war. The more dramatic and shocking the wording in a banner headline the better.
3) U.S. Declares war against Japan, 12/8/1941
* Just one day after the attack on Pearl Harbor the United States officially declares war against Japan, formalizing America’s entry in the war in the Pacific.
4) U.S. declares war against Germany & Italy, 12/11/1941
* The United States enters the war in Europe as well, just 3 days after declaring war against Japan.
5) Battle of Midway, 6/4-7/1942
* Just six months after Pearl Harbor the United States scores a major naval victory in the Pacific against Japan. Being a multi-day event, collectors would pursue the best headline near the end of the battle reporting the American victory.
6) D-Day, 6/6/1944
* With Axis forces controlling much of Western Europe, this day marks the offensive of the Allied forces in re-taking conquered countries. The word “Invasion” is desired somewhere within the headlines.
7) Battle of the Bulge, 12/16/1944
* This was the last major German offensive on the Western Front taking place from December 16, 1944 to January 25, 1945. Issues near the end of the battle which reported an Allied victory would be more desired.
8) Photo of the flag raising on Mt. Suribachi, Iwo Jima, 2/23/1945
* If there was a single, iconic photo of American successes in the Pacific it would be this Pulitzer Prize-winning photo. Many newspapers included it in their editions of a day or two later, many did not. Better if the photo is on the front page, as many newspapers—when using it—did so on an inside page.
9) Death of FDR, 4/12/1945
* Although arguably not a true war event, the death of the President who was Commander-In- Chief of the military through almost the entirety of the war cannot be missed as a notable event.
10) Death of Hitler, 4/30/1945
* Hitler’s suicide deep inside a Berlin bunker essentially ended the war in Europe as just days later terms of surrender were agreed to by Nazi officials. Most newspapers reported his death on May 2, and a few published the Nazi propaganda report that the Fuehrer: “…has fallen in battle at the head of the heroic defenders of the Reich capital…”. The blunt words: “Hitler Dead” are more dramatic than “Death of Hitler”.
11) V-E Day, 5/7/1945
* The official end of the War in Europe. This was one event where newspapers often used patriotic embellishments to celebrate the victory, some multi-colored, some incorporating war photos within letters, etc.
12) Atomic bomb drop on Hiroshima, 8/6/1945
* With the war in the Pacific still raging, the first atomic bomb ever deployed was dropped over the city of Hiroshima. Some newspaper down-played the horrific affects of the bomb. More desired are headlines which more accurately reported the incredible devastation.
13) Atomic bomb drop on Nagasaki, 8/9/1945
* Just 3 days after Hiroshima, the second atomic bomb was dropped, which prompted the Japanese to pursue surrender terms. Again, bluntly accurate reporting in the headline is desired over a more subdued report.
14) V-J Day, 8/15/1945
* Terms for surrender were agreed upon, and the world announced the end of World War II. Much like V-E Day, newspapers typically became very creative in patriotically celebrating the end of the war. The more creative the front page the better.
15) Formal surrender of Japan, ending WWII, 9/2/1945
* Signing of the surrender terms happened on board the U.S.S. Missouri in Tokyo Bay. Although most collectors would consider V-J Day as the end of the war, and in many respects it was, collectors often pursue this event as well.
There are also 2nd-tier items which could be collectible, but the extent of coverage and graphic appeal are paramount, and in some cases the title/publisher is essential. The list below contains such items, and will be updated from time-to-time.
Pre-War
Nuremberg Laws enacted, 9/15/1935
Jews no longer permitted to own property (various)
Opening of Concentration Camps (various)
Kristallnacht, 11/9-10/1938
During The War
Fake Report of attack on Los Angeles, “Battle of Los Angeles” (2/25/1942)
Bismarck Sunk, 5/27/2941
Star of David Badge, 9/7/1941
Doolittle Raid , 4/18-20/1942
USS Lexington Lost, 6/12/1942
Bataan Death March, 1/28/1944
JFK PT Boat, 6/11/1944
MacArthur returns to the Philippines, 10/20/1944
Post-War
USS Missouri – Peace Treaty Signed, 9/2/1945
Louis Zamperini Found, 9/9/1945
Patton’s Death, 12/21/1945
The April (2020) Newsletter from Rare & Early Newspapers…
April 17, 2020 by GuyHeilenman · Leave a Comment
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Which issue within your collection do you value the most and why?
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Have you ever found something you consider special within an issue you’ve collected that you did not know was present prior to your decision to obtain it? If so, what did you find?
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Why do you collect rare/historic newspapers? How did you get started? Tell us your story.
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The magic of old newspapers, in 1844…
May 24, 2018 by TimHughes · Leave a Comment
An 1844 issue of the “Adams Sentinel” (Oct. 14th) from Gettysburg, Pennsylvania, has an interesting front page item concerning the fascination of reading old newspapers, noting in part: “…few preserve them…brings up the very age, with all its bustle…marks its genius & its spirit more than the most labored description of the historical…” with more (see). An interesting perspective on the value of collecting old newspapers, written 174 years ago.