There were probably a lot of Columbia University graduates who were faring much better financially but Lou Gehrig’s chosen profession was baseball and by 1930, he was a leader in his chosen field. Gehrig was on his way to another spectacular season as April drew to a close and now a rare, signed payroll check is about to hit the auction block.
Heritage Auctions will offer the check, drawn on the Manufacturer’s Trust Bank in New York and signed on the back with Gehrig’s full name, in its upcoming October Platinum Auction. Authenticated and encapsulated by PSA, it’s expected to sell for more than $25,000.
The seemingly indestructible Gehrig played in all 154 games in 1930, pounding 41 homers, driving in a league-leading 173 runs and collecting a league-leading 419 total bases. For that, he was paid $25,000 for the season. The payroll check amount is $2,198.38–the equivalent of $33,773.17 today.
Gehrig has signed his full name on the back while Yankees owner Jacob Ruppert and GM Ed Barrow have endorsed the front.
The check is the first Gehrig endorsed Yankee payroll check ever offered by Heritage and one of only a small number of surviving exemplars. There is a vertical center fold that doesn’t impact any of three of the signatures. The check does have some expected creasing but the signature is rated 8/10.
It will be among the featured items in the auction, which is set to open September 25.