AKA The Flying Dutchman.

The T206 Honus Wagner card has long been the most famous baseball card in existence. Known as the "Holy Grail" and the "Mona Lisa of baseball cards", an example of this card was the first baseball card to be sold for over a million dollars. Only 50 to 60 of these cards are believed to exist. One theory for the card's scarcity is that Wagner, a non-smoker, requested the production of this card be halted since it was being sold as a marketing vehicle for tobacco products. The problem with this theory is that Wagner appears on a tobacco piece produced by Recius in the late 1800s. Another theory postulates that Wagner was not offered any compensation for the use of his likeness. Consequently, he supposedly withdrew his permission to print any more copies.

Of these handful of existing cards, the single most famous, a near-mint condition card which initially broke the $1 million barrier, sold again on February 26, 2007 at auction for 2.35 million US dollars to an anonymous buyer in Orange County, California. This particular card is in the best condition compared to the rest of the existing cards, having been encased in a protective Lucite sheeting for decades.

Considered the ultimate pinnacle of baseball card collecting, the card has changed hands four times in the last 10 years, doubling in value on three of those occasions while having such ownership as hockey great Wayne Gretzky, Los Angeles Kings owner Bruce McNall and later Wal-Mart. Wal-Mart had purchased the card in the mid-1990s to give away as part of a marketing campaign for a line of baseball cards. The winner of the give away could not afford the taxes associated with it, and it ended up being sold at auction in the mid-1990s to a Chicago businessman and collector for $640,000.

In mid-2000 it was sold again for $1,265,000 to a Las Vegas-based businessman who regularly had it placed on public display at baseball games and the Ronald Reagan Presidential Library before selling the card for double his purchase price in February 2007.