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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. 🙂
The reason I collected it: The State, 1892…
February 23, 2024 by TimHughes · Leave a Comment
The odd, dramatic, and unusual have always been a draw for me, and when I encountered The State (dated Nov. 9, 1892) from Richmond, Virginia, I knew it had to be part of the private collection.
The entire front page is a celebration of the election of Grover Cleveland as President in 1892. It is done in a very dramatic fashion, featuring a huge engraving of a rooster (once the symbol of the Democratic party) that stretches from just below the dateline to the bottom of the front page. There are also insets of both Cleveland and Adlai Stevenson. Of curious interest is the lack of a headline or any text.
The condition is worn as was typical with newsprint of the era, and with various archival repairs, but wow, what a wonderful issue for display!
The reason I collected it: The Battery, 1848…
January 19, 2024 by TimHughes · Leave a Comment
THE BATTERY, from Washington, D.C., was a campaign newspaper supporting Zachary Taylor for President and Millard Fillmore for Vice President.
In the era before radio, television, and the internet it was not uncommon for political parties to create short-lived newspapers to support their candidate and publicize their political platform. Such newspapers tended to be short-lived; once the election was over… so was the newspaper. However, some titles existed for some months afterward.
Shown below is a portion of the #16 issue dated Oct. 19, 1848, the title existing from July 6 through November 2, 1848, then printing just two more issues: Nov. 16, 1848 and Jan. 25, 1849, for a total of 20 issues.
Of special interest–and a prime reason for it qualifying for the private collection–is the great masthead engraving, which is essentially a political cartoon showing the heroic Taylor on his horse commanding: “A little More Grape! Captain Bragg” to be shot at Lewis Cass, his political rival.
This phrase was a famous one in Taylor’s military career, a command to then-Captain (later General in the Confederacy) Braxton Bragg to fire more grapeshot at the Mexicans during the Battle of Buena Vista in the Mexican War.
A wonderfully rare title, a short-lived Presidential campaign newspaper, and a political cartoon for a masthead.
Some comic relief should be found in every collection… Early parachute attempt in 1785…
November 13, 2023 by TimHughes · Leave a Comment
There seems to be a preponderance of tragic, dismal events that dominate our collections. After all, they tend to be very historic and life-altering. Think of all the “great” wars, various assassinations, the Titanic, Lusitania, & Hindenburg, and so much more.
So the occasional report with comic overtones can be refreshing. I recently wrote up an issue of the London Chronicle, July 14, 1785, with American content, but it also contains on the back page a very early parachute demonstration that went awry.
The report concerning a man who scheduled a parachute demonstration at the Blanchard Aerostatic Academy in England, planning to: “…let himself down from a prodigious altitude, and to manifest his composure by playing on a violin during his descent. To fulfill these promises, the ingenious operator had provided machinery, by which he might have been raised about 45 feet!
When the time arrived, he, with his Cremona [high-quality violin], entered the vehicle, and was raised with infinite precaution…”.
Okay, read the article to see how it plays out.
The reason I collected it: The John-Donkey – 1848…
October 30, 2023 by TimHughes · Leave a Comment
While historic events & people–whether they be tragic, heroic, or celebratory–are the domain for most collectors, venturing out of this arena into the small world of comic and satire magazines can be a refreshing change.
This title is a great example, and in my 47 years of collecting newspapers this is the only issue I have encountered. It lasted but 29 weekly issues in 1848. Its significance is such that Frank L. Mott, in his book “A History of American Magazines, 1741-1850”, devoted a chapter to this title.
A few comments from his book include: “…John-Donkey always maintained the tradition of his stupidity… he claimed only to be stupid and was continually trying to prove his stupidity…Most of John-Donkey’s articles, long and short, were satires upon contemporary events or fads, upon organizations, movements, and persons. Politics were prominent…The first page of each issue bore a series of pictures of John Donkey himself in various attitudes…Each number contained a political cartoon, full pate in size, and printed on an unbacked leaf [the print in this issue of ‘The Pennsylvania Thimble-Rigger’, blank on the reverse]… It is very probable that the seven libel suits filed against the John-Donkey in May had something to do with its demise…”. The photos below is of the issue dated March 11, 1848 – the one I collected.
The reason I collected it: Dodge’s Literary Museum…
August 21, 2023 by TimHughes · Leave a Comment
Mastheads of newspapers through the centuries offer a very wide assortment of styles, sizes and decorativeness, with many being quite mundane. Only the “special” ones make it to the private collection, and “Dodge’s Literary Museum” is one.
Any newspapering which the masthead consumes one-third of the front page qualifies. This title’s masthead engraving consumes over half of the front page, very unusual as such. The content may be literary items with no “newsy” reports, but the front page is certainly worth of collecting, regardless of what is inside.
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The reason I collected it: The Semi-Weekly Argus from Washington Territory…
July 10, 2023 by TimHughes · Leave a Comment
“The Semi-Weekly Argus” of Port Townsend, Washington Territory, July 7, 1873, might seem like an ordinary issue with typical content of the day. However the most intriguing aspect of the edition is not the data nor its content; it’s the paper upon which it is printed. It is yellow.
On rare occasions, newspaper publishers had to deviate from the traditional newsprint with which we are familiar, when necessity required an alternative. In such situations “necessity paper” was used, the term for whenever an issue was printed on anything non-traditional.
Given Port Townsend’s relative remoteness in the Northwest, I would suspect supply routes were often questionable a best, particularly with this date being 16 years before statehood.
We have encountered newspapers printed on paper with a wide assortment of colors, as well as wrapping paper, cornhusk paper, wallpaper, lined notebook paper. tissue paper, etc. Such editions were typically very short-lived, perhaps a few days at best, until supply chains could be re-established.
Here is a great example of the use of “necessity paper” and a visually prominent addition to any collection.
The reason I collected it: Predicting the 21st century from a perch in 1929…
June 12, 2023 by TimHughes · Leave a Comment
Who hasn’t given some thought to what life would be like in 50 years, or 75 years. A few enterprising newspaper publishers have as well, and the Daily Mail of London, January 1, 2000 is a great–and quite rare–example.
You see, this is actually a newspaper published in 1928. This is a futurist newspaper. We’ve handled a few, but they are exceedingly scarce. It was printed based on their perception of what life, news, entertainment, politics, and culture would be like 72 years in the future. What is most intriguing is that this future date is already in our distant past, so it is interesting to see what people in 1928 thought life would be like in 2000. In general, their hopes would prove to be disappointing to any reader who might have lived until 2000.
From beginning to end, this 24-page tabloid-size newspaper is all about the future. It had to be an exhausting project, but it certainly resulted in a most intriguing addition to any newspaper collection. 
The reason I collected it: Freeman’s Journal & Philadelphia Mercantile Advertiser, Oct. 21, 1812…
May 1, 2023 by TimHughes · Leave a Comment
Some 47 years ago when I (Tim Hughes) started collecting and selling early newspapers, the collector part of me want to keep any issues I found intriguing, unusual, and historic. I really just wanted the “business” side of the hobby to support my “collector” side.
Once a month I will highlight one of the saved issues and will explain why. Not all will be rare, not all will be valuable, and some will be simply bizarre. But they intrigued me, and so I share with all of you.
An eagle motif in mastheads is rather common, most rather small & proportional to the type used for the title. But the Freeman’s Journal & Philadelphia Mercantile Advertiser (the Oct. 21, 1812 issue is shown below) has perhaps the largest eagle I have found, with a wingspread of nearly 7 inches. I’m glad I saved one many years ago as I haven’t seen this title in quite some time.
Recalling Paul Revere’s ‘midnight ride’…
March 4, 2021 by TimHughes · 2 Comments
As newspaper collectors we relish the opportunity to find newspaper accounts of the intriguing moments in American–if not world–history.
But many events simply did not make it to print.
An account of the pealing of the Liberty Bell in 1776, a detailed account of Washington’s crossing of the Delaware, Nathan Hale’s boast ‘I only regret I have but one life to lose for my country’, and Patrick Henry’s bold pronouncement ‘Give me liberty or give me death!’ are but a few.
Accounts of Paul Revere’s midnight ride rank among them. In our 45 years in the hobby we can recall only two newspapers having but a very brief reference to the ride. It was not until Longfellow’s poem ‘Paul Revere’s Ride’, written in 1860, did the world become familiar with the daring and patriotic mission.
We recently discovered a fascinating nugget on Revere’s ride.
A 1795 issue of the Boston newspaper Columbian Centinel (December 5, 1795) has a supportive letter from when Paul Revere was running for the vacated post of Town Treasurer. The writer makes rather derailed reference to the event in 1775, far more detailed than any account previously found despite being 20 years after it happened. See the photo for the full report.
Such little gems, typically buried inconspicuously among the political reports, advertisements, and varied notices of the day, are what thrill those in the search of notable events in history.