From The Friends of the Osterville Free Library in Osterville:
"FIRST EDITIONS: Do you know why First Editions are valuable? And which are?
To begin with, not all are valuable. Only about 10% are. And why?
1) We like "firsts" in everything.
2) Dust Jackets and typography of "firsts" look different; they look dated, usually less decorated than later editions; they appear more attractive.
3) Firsts represent the labors of the author, who nursed the book along usually over a long, gruelling time.
These are all subjective judgments. So is the last reason: Because someone else sets the value, collectors and buyers.
Did you know our Friends bookshop downstairs in the Library has over a 1000 "Firsts" for sale? As low as $4! Come shop with us!"
