Collecting FAQs
Answers to our most frequently asked questions about collecting
What makes a first edition valuable?
This is an interesting question. The real answer may lie in human nature itself, since humans tend to collect things. We desire things that are rare and potentially valuable, and this desire has translated itself into something many humans love: reading and books.
How do I know a book is a first edition?
There are many types of identification points to correctly identify a first edition.
Modern publishing makes it easy most of the time, but identification varies by publisher. For example, many publishers state "First Edition" on the copyright page, while others have a number line that will end in a number 1.
In older books, often you have to research to find when the first edition was published. Some will have certain "points of issue" in the text that only occur in the first edition printings of that title.
It is important to learn the various methods used by different publishers to denote a first edition. Unfortunately, much of collecting is a learn-as-you-go process, so it is vital to find a dealer you can trust and develop a strong relationship with your dealer as you collect your personal treasures.
What's the significance of the printing of the edition?
Most books, especially modern ones, have a designation of not only edition, but printing as well. Often this is denoted by a number line such as this: 10 9 8 7 6 5 4 3 2 1. If the number line ended in a 5, for example, you would have a fifth printing.
For the collector, a first edition is the most desired when collecting modern literature. In older books, often you are dealing simply with edition. Again, developing a trusting relationship with a reputable dealer is the best advice.
Is a first edition always a first printing?
No. You could have a first edition, but a later printing. But if you have a first printing, then you would also have a first edition.
Are limited editions a sure bet for future value?
Limited editions are often very beautiful creations and thus, collectors love to have them on their shelves. The scarcity of limited editions also creates a sense that they will be valuable in the future. However, this is not necessarily true. Many factors such as supply and demand, the nature of the limited edition, etc will determine future value.
How do I know the signature on my book is authentic?
Over time, collectors often develop the ability to tell authentic signatures from fake ones. But even for the experienced eye, this can be tricky. There are many fake signatures that have been created by individuals who are unscrupulous when it comes to making an honest living.
Unfortunately, this affects us all. The perception that there are many signed books out there-when in fact, many or most are fake-can drive down the value of an authentic book.
Many collectors feel that it is important to have their books authenticated by a third party. There are companies that will compare your book's signature with all known exemplars and determine if it is indeed authentic. Keep in mind that they are offering their opinion, but in most cases their assessment will be correct. As a side note, this is why we at Yeoman's believe in paying a little more to obtain a signed/limited edition that was created by the author, illustrator and/or publisher.
NOTE: With documents, especially older material, it is very difficult to fake a signature. Just beware, and if something looks too good to be true, it probably is.
What about secretarial and autopen signatures?
Secretarial signatures began as early as President Andrew Jackson. Over the last several decades, autopen signatures have been used by Presidents and other famous individuals. The best thing to do is to have a reputable dealer that you trust or an authenticator take a look at your item and compare it to known exemplars.
Should I get my book authenticated?
As discussed above, it is often a good idea to get signatures authenticated, especially for the novice. But even for the experienced collector, getting a certificate of authenticity is desired, as it will make it easier to sell in the future, if you so desire. A certificate of authenticity should always include the information about the person and/or company that you are buying the item from. Anyone can print up a certificate-it is the reputation you are looking for. Always buy from a trusted source.
What authenticator should I use?
There are several authenticators that are widely accepted by dealers and collectors alike. Perhaps the most famous of these is PSA/DNA. We at Yeoman's are happy to discuss more options with you if you like.
How important is condition for collecting purposes?
Condition is very important for value and collecting purposes. As you may imagine, the better the condition, the more valued it is by collectors.
How do I care for my books?
Storing your books on nice bookshelves, out of the heat and damp air, is probably the best thing a collector can do. For leather books, particular care should be taken, and we recommend this be handled by a professional bookbinder and/or archival specialist. We are happy to discuss care with you if you would like to know more.
Should I only buy books from certain dealers?
It definitely is important to buy from reputable dealers, especially a dealer you trust, can ask questions to, and can contact at any time. Get to know the dealers you purchase from.
Buying from dealers who are in certain industry organizations will also enable you to purchase with confidence. These organizations, such as the Antiquarian Booksellers Association of America (ABAA), have strict standards for their members.
Of course, that doesn't mean only members of ABAA are reputable dealers. There are many that are not affiliated, but are just as reputable or more so. Again, take care and do your research!
Should I only collect popular authors?
While popular authors will usually be in demand for collectors, value is determined by the print run and other factors. A good rule of thumb is to collect what you love.
What source should I use for pricing?
There are several price guides out there that provide great information for the collector. A few are:
Should I purchase an insurance policy for my collection?
This depends on your purpose for collecting. If you are thinking of keeping your collection for many years, it may be wise to inquire about insurance. Any questions you may have about insurance should be directed toward a trusted agent. For someone who buys and sells often, it is not as useful to have an insurance policy.
How do I care for my document/manuscript?
Whether your document is kept in plastic or matted and framed, make sure you keep it in acid-free material. Also be sure that it is always handled with care. In some cases, consult an archivist for repair. We recommend doing so only in extreme conditions, as it can hurt the value of your document.
Should I get my document framed?
Displaying your document is a wonderful way to protect it from harm, as long as you use acid-free material. If you do not have the space to display it, then you should store it in a secure area, such as a safe, in acid-free plastic or other protection.
Have a question that isn't answered here? Contact us.
