For Limited Edition we have terms and definitions in 4 topics. The topics are Animation, Book Collecting, Books and Sports Collectibles.

Limited Edition (Animation)

A non-production cel created specifically for the collector market, produced in fixed limited quantities, with each cel in the edition numbered and typically featuring a Studio seal and set against a color print background. Originally indented to recreate original production cels, some studios artists now create completely new "cels" based on new, non production art. Both hand-inking and xerography are used for the outlines; all are hand-painted on the back. Modern color palettes are used to appropriate original colors.

Limited Edition (Book Collecting)

An edition or issue of a book where the total number of copies has been deliberately held to a predetermined quantity. It is presumed and implied by this that the total number is somewhat or substantially less than what might have been sold, had the edition not been artificially limited. Limited editions are made for collectors. In most areas of collecting, any object concevied from its beginning to be for the collector market, is not a good candidate for collecting.
Yet, good limited editions of many books are extremely desireable and hotly sought after.
The collector should excercise some skepticism in judging "limited editions". Just because it say it is, doesn't make it so.
If the book is Limited to, say 25,000 copies, you are entitled to laugh out loud. There is nothing limited about 25,000 copies. Likewise, a "Limited" edition that does not clearly state the number of copies in the edition, should be viewed with the greatest skepticism. In older books, look for limitations in the low hundreds. Modern limited editions may run into a few thousand, but that is a pretty large edition.
In many limited editions each book is individually numbered. It is common for each copy of the limited edition to be signed by the author, or in many cases the illustrator, or sometimes both. Sometimes there is more than one limited edition of a title.
Sometimes limited editions are an entirely different product than the regular or "trade" edition. More often, they are identical except for the presence of an additionl leaf tipped into the book, upon which is found the limitation statement, and the copy number and the signature, if the latter two are part of the edition.
One may often see limitation pages which are signed, but were not numbered, even thought there is a obvious place for the number to have been written or stamped. Such copies are said to be "out of series", and are extra specimens that were produced to allow for damage or other losses prior to release.

Limited Edition (Books)

Any book whose publication is deliberately restricted to a comparatively small number of copies, usually numbered and often signed by the author and/or illustrator.

Limited Edition (Sports Collectibles)

A term often used by makers of cards and memorabilia to indicate scarcity. A limited edition means just that - production of the item in question will be limited to a certain number. However, that number may be large or small.

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