This is a great book. The paper is actually linen. Linen books were actually pretty popular for kids in the 1930's. In fact, there's a whole slew of Disney linen books. None of them as valuable as the guides states. (A friend of Donut and mine actually has a wall in his store office lined with them, none of which he has paid more than a few bucks for). Why these are in Overstreet is beyond me--as collectible as they are, this isn't a comic book. Might as well include every Golden book or kids' book in there.
By the way, and I'd have to double check this, but I think this book is just about the first Daffy appearance anywhere, even predating his cartoon appearance.
Interesting.. Linen books... so if a small child used it to wipe his/her nose then CGC may note on the label... " small amount of snot on spine " would it still get Blue label then