Is My The Intelligent Investor a First Edition?

The points of issue

• Full title: The Intelligent Investor: A Book of Practical Counsel
• The decisive point is the Harper & Brothers letter code on the copyright page, which must read "D-Y"
• Under Harper's code the first letter gives the month (A=January through M=December, with J skipped, so D=April) and the second letter gives the year on a cycle that restarted in 1937 (M=1937, N=1938 … X=1948, Y=1949)
• D-Y therefore reads April 1949, agreeing with the 1949 copyright
• Any Harper copy showing a different code, or carrying a later-printing notice, is a subsequent printing
• Bound in publisher's blue cloth

How Harper & Brothers marked a first edition

• 1912-1949: month/year letter code on copyright page. Month: A=Jan, B=Feb, C=Mar, D=Apr, E=May, F=Jun, G=Jul, H=Aug, I=Sep, K=Oct, L=Nov, M=Dec (J skipped).
• From 1922: also began printing 'First Edition' on the copyright page in addition to the code.

Full Harper & Brothers first-edition guide →

How to verify your copy, step by step

1. Find the copyright page — the verso (back) of the title page.
2. Check for a number line or dated printing — the lowest number present is the printing; a dated first printing with no later printings listed is the tell.
3. Verify this is the US true first — not a later-market or reprint edition.
4. Rule out a book-club edition — a blind-stamp on the rear board or a jacket with no printed price marks a book-club copy.
5. Photograph four things — the front cover, spine, title page, and copyright page — the standard record for identification.

The dust jacket

For a collectible first edition the dust jacket matters as much as the book. Confirm the jacket is present and unclipped — the printed price should still be at the corner of the flap (a clipped corner or a price-less flap can indicate a book-club issue). First-state jackets can differ from later ones in the cover art, blurbs, or review quotations; where a specific first-state jacket point is known for this title it is noted above.

Binding & format

Where multiple bindings exist, the hardcover trade issue is usually (but not always) the precedence copy — confirm against the points above. Later printings often show cheaper cloth, thinner boards, or simplified spine stamping. A simultaneous signed or limited issue, when one exists, is a distinct state from the trade first.

Is this the true first?

Confirms the census. Harper & Brothers, New York, 1949 is the true first; US only — no UK or original-language edition precedes it, and no contemporaneous British issue of consequence has been traced, so there is no precedence question to name. Only the 1949 printing is a first edition of the work: Graham revised the book repeatedly (1954, 1959, 1965, and the widely reprinted 1973 fourth edition), and the 1973 text carrying Jason Zweig's 2003 commentary is the version almost always encountered.

Telling it from reprints & book-club editions

No book-club issue is documented for the 1949 first. The dominant trap is revised editions and modern reprints: later Harper, Harper & Row and HarperBusiness printings carry the 1949 copyright date on the copyright page alongside the later revision date, which routinely misleads sellers into cataloguing them as 1949 firsts. Read the Harper letter code, not the copyright year. Caveat on strength of evidence: the "D-Y" code and the Harper code table are firmly corroborated (the table is independently validated by fedpo's worked examples), but the "Editor of Barron's" and 7553 front-flap jacket points rest on dealer descriptions from two firms rather than a formal bibliography.

Frequently asked questions

Is my copy of The Intelligent Investor a first edition?

A first edition of The Intelligent Investor by Benjamin Graham (Harper & Brothers) is identified by: Full title: The Intelligent Investor: A Book of Practical Counsel.

How do I tell the first printing from a later one?

Check the copyright page. A stated first edition, a number line ending in 1, or a dated first printing with no later printings listed is the key. Confirms the census.

Is the book-club edition the same as the first?

No book-club issue is documented for the 1949 first. The dominant trap is revised editions and modern reprints: later Harper, Harper & Row and HarperBusiness printings carry the 1949 copyright date on the copyright page alongside the later revision date, which routinely misleads sellers into cataloguing them as 1949 firsts. Read the Harper letter code, not the copyright year. Caveat on strength of evidence: the "D-Y" code and the Harper code table are firmly corroborated (the table is independen

I have a first edition of The Intelligent Investor — what should I do?

First, document the copy: photograph the copyright page (the number line and any edition statement) and the dust-jacket flap — an unclipped, priced jacket matters. Confirm the points of issue above against your copy, and use the free First Edition Checker to decode the printing. To sell, the author’s collecting guide covers the market. And if you are clearing books in the Albuquerque area, the New Mexico Literacy Project offers free pickup, any condition, and makes sure collectible copies are identified rather than discarded.

Glossary

First edition

Every copy printed from the first setting of type. Collectors usually want the first edition, first printing (the true first).

First printing / impression

A single press run from that setting. The first printing is the earliest and most desirable; later printings are still the first edition but not the true first.

Number line (printer's key)

A row of numbers on the copyright page (e.g. 10 9 8 7 6 5 4 3 2 1). The lowest number present is the printing — a line including 1 marks a first printing (Random House deliberately ends at 2).

Points of issue

Specific physical details — a stated edition, a number line, a typo, a jacket state — that identify the true first printing.

Book-club edition (BCE)

A reprint made for a book club. Tells include a blind-stamped dot or square on the rear board and a dust jacket with no printed price. Not the true first.

First thus

The first appearance of a particular version (first paperback, first illustrated, first U.S. printing) — a first of that kind, not the first edition of the work.