Bill Mastro Pleads Guilty, Admits Trimming Famous T206 Honus Wagner Card

Bill Mastro Pleads Guilty, Admits Trimming Famous T206 Honus Wagner Card

mastro leaves court 260x201 ImageYesterday, one-time pioneering sports memorabilia dealer and auctioneer, Bill Mastro plead guilty to one count of mail fraud. The charge was related to illegal shill bidding at his former auction house, MastroNet Auctions.

In addition, Mastro publicly admitted to trimming the famous T206 Honus Wagner card that put his company, and others, on the map in the world of sports memorabilia and vintage trading cards. Known by hobbyists simply as The Card, it has long been a story of folklore and legend in the relatively tight-knit world of sports collectors.

See also: PSA 8 T206 Honus Wagner Ownership Timeline

With these revelations detailed and now fully come to light, it adds one more chapter to the never-ending story of the PSA 8 T206 Honus Wagner, whose story has been well publicized outside of hobby circles due to the immense wealth it takes to simply own it.

The US Attorney's office of the United States District Court, Northern District of Illinois, released a lengthy plea agreement in which  they are asking that Mastro be sentenced to between 57 and 60 months in prison. As part of the deal, Mastro, who was hoping to avoid any potential cooperation related to the government's ongoing investigations of the memorabilia and auction industries, is being compelled to do so.

As a result, Bill Mastro may be called as a witness against his former business partners and associates who may eventually be caught up in future investigations.

Additionally, the federal government filed what they described as a new superseding indictment that can be read in its entirety here. While the indictment is against Bill Mastro and his former employees, Doug Allen and Mark Theotoki, it is interesting to note that only Mastro is listed on the indictment caption header.

ebaysmalllogo Image
3711240628164040 1 Image
T206 1909-11 White Borders Lot-12 Different Minor Leaguers-fair to g-vg
2813675195444040 1 Image
1909-11 T206 Billy Campbell PSA 3 VG Cincinnati Reds Piedmont
2715716523484040 1 Image
T206 Mordecai Brown Chicago Shirt - PSA 2 (mc) - Sweet Caporal 460 Fact 42 - HOF
1312692897244040 1 Image
Rudy Hulswitt 1909-11 T206 - PSA 3 (American Beauty Back)
1312692938464040 1 Image
Jimmy Slagle 1909-11 T206 - PSA 2
2813675246194040 1 Image
1909-11 T206 George Stovall PSA 2 GOOD Cleveland Piedmont
2813675255804040 1 Image
1909-11 T206 Tom Downey PSA 2 GOOD Cincinnati Reds Piedmont
2215243203474040 1 Image
T206 1909 Sweet Caporal Cigarettes-John McGraw, portrait, NY Giants SGC A-ex+
2715288756274040 1 Image
1909-11 T206 Bill Dineen PSA 2 GOOD St. Louis A.L. Piedmont
2715288764524040 1 Image
1909-11 T206 Claude Rossman PSA 2 GOOD Detroit Tigers Piedmont
2813675284354040 1 Image
1909-11 T206 Cy Seymour PSA 2 GOOD N.Y. Giants Piedmont
2715288785404040 1 Image
1909-11 T206 Heinie Smith PSA 2 GOOD Buffalo Piedmont
1714201634544040 1 Image
1909-1911 T206 Piedmont Christy Mathewson (White Cap) PSA 6 - NO RESERVE
2715288797344040 1 Image
1909-11 T206 Bill Clymer PSA 2 GOOD Columbus Piedmont
1312693016264040 1 Image
1909-1911 Jack Barry (Phila.) Sovereign T206 (face good , back imperfect) Auth
1609822009884040 1 Image
T206 Cy Young Green Portrait PSA 5 Beautiful Card!!
« Previous1234
 |  E-Mail | URL
Rob Bertrand is an avid collector with over 20 years of active experience in the hobby. He is one of the site's most accomplished writers, as well as the co-host of Cardboard Connection Radio. You can follow him on Twitter @VOTC.

User Comments

  1. So, in a very real sense that makes that card worthless….

  2. Sevenpenny » Oddly, doubtful. There is so much lore tied to that particular card now that it will likely hold a lot of its value, even with the trimming. If it were to sell today, it may not break the previous record, but it would probably still go for a huge amount. The trimming has long been speculated anyway – including an entire book written on it – so in a strange sense, the confirmation would add a piece of mind that at least it’s out there.

  3. Ryan, I would think you are right. Irrespective to what has physically been done to the card, it has become an American Icon of sorts. Therein lies it’s intrinsic value.

    Leave a Comment: