While U..S. Caramels are among the earliest of the "R" sets issues, the 1932 dating, an error carried over for many decades, is off by a year as this set was released in 1933. Produced for small Boston confectioner, the 32 U.S. Caramel cards in the set could be redeemed for a baseball or, almost impossibly due to the severely short-printed Lindstrom card, three sets would net the sender a baseball glove. Some prizes were indeed handed out, as cards cancelled via a punch hole or stamp are seen in the hobby. While predominantly focused on baseball subjects, a handful of boxers and golfers round out the checklist. Compared to the rival Sport Kings set, or the 1933 Goudey baseball cards, U.S. Caramels are two or three orders of magnitude tougher and are thought to have had limited distribution.

Hall of Famer Mickey Cochrane is the subject of this example, which is centered southeast on the canvas. Gorgeous corners and edges make up for the light toning around the perimeter, which keeps the card from grading even higher than it has. The reverse is clean and gorgeous, while the bold red background of the front gives this card tremendous eye appeal.

SGC has only ever graded 38 total examples of this 1932 U.S. Caramel, with only seven receiving a higher grade than the NM 7 offered here of Hall of Famer Mickey Cochrane.