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

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

Yesterday, 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.

Top eBay Listings

JOE MAUER 2002 T206


Detroit t206 Jones CYCLE 350 Subjects Fact 25 SGC 60 ex 5

Detroit t206 Killian Portrait Piedmont 350 Subjects Fact 25 SGC 30 good 2

Detroit t206 Killian pitching Piedmont 150 Subjects Fact 25 SGC 50 vg-ex 4

Detroit t206 McIntyre Piedmont 350 Subjects Fact 25 SGC 60 ex 5

Detroit t206 Mullen Portait Piedmont 350 Subjects Fact 25 SGC 50 vg-ex 4

1910 T206 Joe Doyle, N.Y., Hands Above Head, Rare Sovereign 350, BVG 2 Good

1910 T206 Joe Doyle, N.Y., Hands Above Head, Piedmont 350, SGC 20 Fair 1.5

Detroit t206 Mullen w bat Sweet Caporal 350 460 Subjects Fact 25 SGC 40 vg 3

1909 T206 Polar Bear Doolan SGC 30 Missing "IE" in "SERIES" RARE!

1909 T206 Tobacco Nodgrass Snodgrass ERROR Missing most of the "S" SGC

Detroit t206 Mullen throwing Sovereign 150 Subjects Fact 25 SGC 60 ex 5

1909-11T206 Piedmont 350 Bill Abstein PSA 3


1909 T206 Clark Griffith PSA VG-EX 4 HOF
« Previous1234

 |  E-Mail | URL
Rob is a former member of The Cardboard Connection Writing Staff and co-host of Cardboard Connection Radio.He is an avid collector with over 20 years of active experience in the hobby.

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: