Condition. Condition. Condition. It’s something of a mantra heard from the novice rare book collector to book collecting experts and everyone in between. Perhaps just as important as whether a book is a first edition or the first of its kind—primacy—the condition of a book is crucial in helping assess its value and place in the rare book collecting universe. This is especially true when looking at modern classics such as F. Scott Fitzgerald’s The Great Gatsby where the number of original copies is quite large compared with other classic American novels published just 10 or 20 years before. For example, copies of Gatsby in prime condition can significantly differ in value from copies in fair or poor condition published during the same era.
Given the importance placed on condition by collectors, it’s critical to understand the key elements that define the term. What should collectors look for when considering condition? What are the prime factors that determine the condition of a given book? And how do these elements work together in both large and small ways to help collectors accurately assess the value of a certain book?