Search
The Rare & Early Newspapers Hobby
Receive the Newsletter
Buy Historic Newspapers
“Collecting Newspapers – The Basics” (Part IV) – Setting Values…
March 25, 2024 by TimHughes · 535 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.
Spinning the Yarn: The Power of Newspapers as Primary Sources…
June 21, 2026 by GuyHeilenman · Leave a Comment
A collecting friend of ours has published a newspapers-tethered book that might interest many of you. The following summary is provided in case you’d like to take a look:
Spinning the Yarn—written by author Paul M. Bohannon—offers a compelling and original contribution to early baseball history, grounded firmly in the rich evidentiary value of historic newspapers. Drawing extensively from period sources such as Porter’s Spirit of the Times and the Sunday Mercury, the book highlights how contemporary reporting captured not just the scores of early games, but the culture, personalities, and pivotal moments that shaped the sport.
One of the book’s most intriguing revelations centers on an 1855 dinner hosted by Samuel Godwin, president of Brooklyn’s Putnam Base Ball Club. This gathering—held after a decisive victory—brought together players, dignitaries, and crucially, newspaper representatives. As documented in these early publications, the evening marked a turning point: an intentional and strategic outreach to the press that helped ignite sustained baseball coverage. The following year’s reports, including detailed accounts of the Putnam Club’s contests, reveal the emergence of a narrative style that would evolve into modern sports writing.
We extend our thanks (and best wishes for success) to Paul for demonstrating so powerfully how (rare &) early newspapers serve as invaluable primary sources for uncovering and preserving… and in this instance, instrumental on forming the story of America’s past.
[newspapers with baseball content]
Pricing newspapers back in the 1970’s…
May 18, 2026 by TimHughes · 22 Comments
In conversations with people about how I started this business, a common question is, “How did you know how to prices newspapers back then?” Well, the short answer is, I didn’t.
This venture started as a hobby with no thought of it turning into a business. But when I started getting too many of a similar title or date, selling off the “unwanteds” became a more common occurrence. My simple thought was, if I had $3 for it, try to sell it for $5. If I did, the price stuck for future issues; if it didn’t, the price dropped to $4.
But this became trickier years later when I was buying for resale but didn’t have enough experience to know what to pay, nor what to price them at. Nor did anyone for that matter, as there were no price guides, nor sufficient auction records to offer a clue.
I was flying by the seat of my pants. If I thought an event was historic, say a major Civil War battle, I would pay the $5 price and increase it by 50% or so. If it sold, then the next time I inched it up a bit more. If it didn’t, I reduced the price a bit. Never knowing how high customers might go for an event, I might have “inched up” the price of an event 15 times over the coarse of 4 or 5 years until there was some resistance. I was careful to keep records of sales through the years–even in the pre-computer days–which was a tremendous assistance in assigning values to the myriad of historical events covering 300 years of history.
Did I sell some great material too cheaply in the early years? I sure did. Looking at some of my earlier catalogs I gladly pay five times the selling price of many items I sold. But it was part of the process. I remember once having a volume of a Las Vegas, New Mexico newspaper from 1881. There must have been 30 or 40 issues with a small “Reward” ad for the capture of Billy the Kid. I think I sold those issues for less than $20 each. After all, if I had 40 of them how rare could they be? Certainly I’ve learned through the years, and became smarter as well.
But we still encounter items which challenged us today. As we continue to find truly rare, almost unique issues it becomes difficult to assign values with no history or prior sales. But these are the fun challenges. As much as you may enjoy finding interesting items in our catalogs, I enjoy finding the unusual to offer.
“I have always gotten more joy from buying newspapers than selling them.”, Tim Hughes (2009).
PS from Guy: Between the internet and the surge of AI, it has never been easier to find “hidden” content and comparable pricing. For collectors who live for the thrill of discovery and have an old newspaper in hand, try using this prompt: “What noteworthy historical coverage is featured in [Newspaper Title] published on [Date]?” You might be amazed by what you find. If you turn up something unique, please share your discovery with the Rare & Early Newspapers community!
This Day Through History (as reported in authentic newspapers)…
March 12, 2026 by GuyHeilenman · 1 Comment
A birthday newspaper is a wonderful gift. But what if you could choose from dozens of newsworthy dates — all sharing that same special day of any month? NOW YOU CAN!
Pick any month and day below and we’ll instantly show you every historic newspaper we have from that exact date — regardless of the year.
Example 1:
Example 2: Newspapers Published on July 4th
One that didn’t get away: a golden nugget discovered within an 1884 newspaper…
August 11, 2025 by GuyHeilenman · Leave a Comment
Over the years we have emphasized one of the pleasures that is relatively unique to the hobby of collecting rare and early newspapers; that is, discovering hidden gems within their pages. These “finds” are most-often unearthed by those who call to tell us what we missed, and their stories rarely disappoint. In some cases the golden nuggets may significantly impact the collectible value of the issue – such as finding a period mention of Abraham Lincoln prior to him entering the national stage buried deep within a newspaper, or, thanks to the advanced search capabilities now available through the internet, learning that an unsigned letter in an issue of The Gentleman’s Magazine out of London was actually written by Ben Franklin. However, in other instances the value gained is personal.
Such was the case with the January 1, 1884 issue of The Prattsburgh Breeze (NY) – and thankfully, it was discovered while we still had the issue in hand. We already knew it was the 1st issue (vol. 1, #1) of this extremely rare title, and it was listed as such. However, when someone from a (ok, “an”) historical society contacted us to ask if there was a mention of a the neighboring town, as we carefully read through the pages, we discovered the following:
While this may not seem significant to most, it delighted my wife who is an avid fan of all things Joel Chandler Harris in general, and Uncle Remus in particular. If you are unfamiliar with either Mr. Harris or the beloved Uncle Remus, a deep dive into this tandem will be well-rewarded.
Since the saying ‘Happy wife, happy life’ is emphatically true—and since this discovery just upgraded my wife’s happiness—once again, I am compelled to proclaim: ‘I love this hobby!’.