The Baltimore-based School Sisters of Notre Dame put the card up for sale after . The sale price exceeded the expectations of auctioneers at Dallas-based Heritage Auction Galleries.
The nuns will receive $220,000 from the sale. The total sale price includes a 19.5 percent buyer's premium. Sister Virginia Muller, who was entrusted with the card, says the proceeds will go to the order's ministries in more than 30 countries around the world.
Collector and card shop owner Doug Walton of Knoxville, Tenn., bought the card.
About 60 of the T206 Honus Wagner cards, produced between 1909 and 1911, are known to exist.