1922 E120 American Caramel Babe Ruth (PSA 4) - “1 of 6”; Only 10 Graded Higher! It is no secret that Babe Ruth baseball card issues are skyrocketing in value with each and every passing sale. Ignited by the pricing escalation for Ruth’s four 1933 Goudey issues, attention has now swayed to his much scarcer early 1920’s cards, demonstrated by the recent $20K+ sales of several 1921 E121 Ruth examples. With that in mind, presented here is one of Ruth’s most popular 1920’s issues, the ultra-desirable 1922 American Caramel E120 in an outstanding PSA 4 holder. Typically, we do not use the term “outstanding” for VG/EX cards, but due to its ultra-condition sensitivity, this “rare for the grade” card is seldom seen in mid-grade. Currently, a mere five other PSA examples exist at this obscure grade, with only ten graded higher! The Lancaster, PA. based American Caramel Company followed up their highly successful 1921 black & white candy card baseball card set by issuing a staggering 240 subjects with their 1922 candy product. The company framed the player images with ornate oval designs, with the American League players issued in sepia toned colors and National League subjects depicted in blue. As with most 1920 issues, the most distinguished, desirable and valuable subject is the immortal George Herman “Babe” Ruth, and as sophisticated enthusiasts are well aware of, any card of the great “Bambino” immediately arouses interest amongst the memorabilia circuit. Babe Ruth is the ultimate baseball icon, and for that reason alone, serious hobbyists are constantly seeking his rarest memorabilia artifacts. Whether it is his hallowed rookie card, tough to find early 1920 caramel issues or the ever-popular Goudey gum cards, there is an on-going frenzy to capture almost anything associated with his revered name. The classic Babe Ruth “holding ball” half body image graces the elaborate sepia oval frame, with the “Babe’s” hallowed pose reflecting fine contrast and superb resolution. One look at this Ruthian pose “freezes time”, literally removing the viewer from their present state and sending them back to an illustrious era when the “Babe” ruled our National Pastime. The corners and edging of this timeless piece are relatively intact, with only some diminutive even wear preventing a higher grade. The entire image is well centered, and the verso’s Yankees team listing and American Caramel Co. advertisement is bold and crystal clear. While most would agree that the overall aesthetics are easily consistent with an “EX/5” example, its paucity level at the assigned technical assessment is more than acceptable for even the most meticulous collectors. To reiterate, early 1920’s cards of Babe Ruth, while already valuable, still retain significant growth potential via their low-end population report counts. This Ruthian example represents only a fraction of the seemingly countless number of Goudey’s that in some instances are now achieving five figure price tags in mid-grade. Reasonably speaking, it is only a matter of time before the pricing points for 1920’s cards such as this spectacular PSA 4 American Caramel Babe Ruth soar to stratospheric levels, since the increasing demand will more than surpass the limited supply!