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#1
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I've never tried to price them, but it's strange that a W590 should be worth about the same after it's been cut up as when left intact whereas a W463 is worth a small fraction of its original price after it's been cut into the individual cards. Clearly that is the case, but I don't think it's something that one in the 1930s would have predicted if you'd told him that baseball cards would become very valuable some day.
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#2
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There are a few that have some value, mostly to collectors of specific players or rare issues, but nothing like mid-three figures. The 4 on 1 mixed sports issue cuts sell OK when they come up because the actual cards are so HTF anyway. It is kind of like the cut panel on a T202. There's a market but not one that will make you rich.
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