“Collecting Newspapers – The Basics” (Part IV) – Setting Values…

March 25, 2024 by · 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. 🙂