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This can be based on sale or book value, depending on which you feel most comfortable with. Also feel free to share how you acquired the card (trade, gift, purchase, etc).
Without a doubt my most valuable card is a 1961 Topps #300 Mickey Mantle. It was acquired via trade from a collector who knows I collect Mantle (he traded heavily in my favor so I could get this). Beckett book value is $600, although I realize mine is worth much less due to condition.
(Yes, I realize I incorrectly labeled the file "1962".)
Without a doubt my most valuable card is a 1961 Topps #300 Mickey Mantle. It was acquired via trade from a collector who knows I collect Mantle (he traded heavily in my favor so I could get this). Beckett book value is $600, although I realize mine is worth much less due to condition.

(Yes, I realize I incorrectly labeled the file "1962".)