I've briefly considered such, and it did not seem attractive to me.
I was told of an old, long time collector, who years ago did something along those lines. He wasn't after quality (which wasn't the bugabear that it is now for some), he was after rarity. His goal was to have his entire collection in his shirtpocket. He'd not have a Wagner... but he could have gotten a 33 Lajoie then, the portrait Cobbs, O'Hara and Demmitt, portraits of Young, Mathewson and Johnson. A 52 Mantle. A 34 Gehrig and a 39 DiMaggio. E90-1s of Mitchell, Walsh, Graham, and Jackson... A fellow could have about a dozen killer cards that wouldn't take up much space. And that was his goal.
So he was going for rarity, not quantity. You're talking quality, not quantity. I think most folks today would agree with the quality angle. It seems that current card values support that. For me, it isn't so much the dollar value as it is who is on the card and which set it's from. The history of it all fascinates me much more than a slab number.
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