The American Caramel E90-1 issue is sometimes referred to as the T206 of caramel issues, and has been dubbed "The Kraken" in some quarters due to the challenges of collecting the 120 subjects found within. The set was issued with a stick of caramel that, as one might imagine, led to condition issues which plague the set. This example was spared some of the more direct results of that, though a light stain is visible at the bottom and right edges. Corners exhibit rounding with some light foxing on the front, but a beautiful, strong back.

Bill Bailey pitched more than 200 games over the course of his 11-year career, spending time in each of the three Major Leagues of the day (American, National, and Federal). PSA has only graded 17 Baileys higher than the VG+ 3.5 given to this example.