Kentucky Derby Americana -- Antiquing

Perhaps the most popular Kentucky Derby collectible is the mint julep glass. This tradition began in 1938, when Churchill Downs used decorative water glasses during the Derby and was surprised attendees took them home for souvenirs. The following year, the track rebranded the popular glassware for mint juleps. The signature drink was served in a glass designed to be a take-home memento. Sales tripled, and a yearly tradition was born.

Each year, the glass features a different design that incorporates the Twin Spires. Beginning in 1953, they list the names of the past winners.

Many Derby enthusiasts and antique aficionados strive to acquire a full set, and searching for years not in a personal collection can be an enjoyable Easter egg hunt. Visit an antique store in Kentucky and the surrounding states, and chances are high of finding one of the 82 versions for sale. Websites like eBay and Etsy offer an assortment. Prices begin at $2, and rare editions have allegedly sold for as high as $30,000.

The early years are rarer and more valuable. Less than 100,000 glasses were created annually from 1938-1952. The 100th running of the race, held in 1974, marked a turning point in sales: for the first time, glasses were available at outlets other than Churchill Downs, and 400,000 were made. Today 700,000 glasses are produced yearly.

Valuable versions include 1940 and 1941. These two years, Churchill opted for aluminum tumblers to eliminate broken glass on the grounds. During WWII, aluminum was scarce, so the 1943-1945 versions are made from a ceramic-like material.

For between $200 and $300, aspiring collectors can establish a set from 1974 to present that chronicles some of the best years in racing. The glasses can serve as interesting conversation pieces for decorating or imbibing at a Derby party or provide a colorful display in a curio cabinet.