Think of it similar to “rookie cards” in card collecting. They are special because there is only 1 first edition, just as a player will only have one rookie season and during that season their cards often aren’t sought after because they aren’t popular yet. And, especially with older books, these first edition copies are usually limited in numbers so the scarcity can add value as well. People will be less likely to save and keep first editions in pristine condition when they don’t know the book is going to become historically successful. I would argue that the first print of a book no one cares about probably isn’t considered special or worth much at all.
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