Yes they still are, but there is a way to make them valuable. This was posted on the Cardboard Connection earlier in the month and I just saw it today. Since I do a lot of ranting and raving about late 80s and early 90s wax, when I found this I just sat there slack jawed and tried to figure it out:
This picture of the T206 Wagner card was made from cut outs of cards from 1985-1990. The idea behind it was that the artist, Tim Carroll, wanted to take his 997 worthless commons from the worthless era and turn them into something beautiful and worth something. He picked the Wagner card as his subject because it is considered the Holy Grail of card collecting.
From a distance it’s tough to tell, but there are a lot of crap cards rolled into this work of art, as you can see from the pictures below:
This is actually going to be a new series of works for him. In celebration of the card’s 100 year anniversary, he is making 100 lithographs available to the public. For more information on Tim Carroll’s work or this particular piece, visit his website <link>. He has since done, the 1952 Mickey Mantle card, Joe Nameth rookie card, Jerry Rice rookie card and Griffey Jr. Upper Deck rookie card. It really is amazing that your old junk wax can be turned into something rather special.