The Math of Modern Horizons 2

Here we are, another set and another whole raft of treatments for us to obsess over. We’ve got some odds to break down, some examples to peruse, and tables to try to make everything simpler. Let’s get to it!

Let’s start with the things they made easy: a link to the treatments in MH2 and the official Collecting Modern Horizons 2 post. 

In Wizards’ ongoing effort to make sure that programmers and sorters and sellers lose their minds, there are going to be a whole lot of different treatments available for Modern Horizons 2. I’ve tried to make this easy for you with a handy-dandy chart:

Type of frameAvailable in nonfoil?Available in foil-etched?Available in traditional foil?
Basic (Regular? Original?)XXX
Old Border (WotC likes to call this ‘retro’)XXX
Old Border MH1 reprintsXX
BorderlessXX
Extended-Art XX
SketchXX
Old Border Fetch LandsXXX

Does that make it easier? This is a LOT of stuff that they are cramming into one set, and I want to try and clarify things whenever possible.

We’ve seen some short videos with the foil-etched cards, and so far they seem closer to Commander Legends than Mystical Archives, which should bode well for their popularity. That said, the old border foils are clearly the most important variants in this product formulation so it remains to be seen how the market will price the etched foils given their higher drop rates and lesser importance.

Notable from this chart is that the Modern Horizons 1 reprints are not available in nonfoil in any MH2 products at all. If you want the old border, you are getting something shiny, and you have to go through Collector Boosters to get them.

Now, let’s talk about how you get these different cards. 

In Set Boosters, you’re going to find a wide variety of nonfoils. Clearly, these won’t be as hard to find as the foil versions, and I can’t say for sure how many people are going to open Set Boosters when the Collector Boosters beckon. Still, understand that each Set pack will give you at least one (and as many as four) rares and/or mythics.

There is one slot for traditional foils, but you can get a card of any of these: “It can be a main set card of any rarity; a new-to-Modern uncommon, rare, or mythic rare; a showcase treatment card of any rarity; or a borderless rare or mythic rare.” I won’t even calculate how many potential outcomes there are here, but rest assured, this is the lowest-probability slot I’ve ever seen… 

…until we get to Draft Boosters, where it’s even worse. You have a 1 in 3 chance at a foil from that same formulation, so whatever infinitesimal chance you had at a borderless mythic rare from that slot in a Set Booster, take those odds and multiply by .33 to get your odds in a Draft Booster.

Fine, I did some of the math before I got disheartened. For just the ‘main set card of any rarity’ you’re at 0.76% to hit any foil mythic and 4.6% to get a foil rare in a Set Booster, and for a Draft Booster it’s 0.25% for any foil mythic and 1.5% for any foil rare. All of those are before I add in the new to Modern cards plus the rest, and since not everything is spoiled, I can’t tell you how much more tiny those odds will get.

However, as we get more data from big operations who crack lots and lots of boxes, we’ll be updating this section. Figuring out the distributions of foils and special cards in the Draft Boosters especially is a priority, and we’ll keep you aware of new developments.

Now let’s get to Collector Boosters, which has some attractive guarantees and one wild-as-hell slot, which is what Wizards seems to have settled on for these boosters. Here’s the handy guide that they’ve released to us:

Slot one we care about, as it could be any rare or mythic from the set, but in a regular frame. This could include fetchlands! Counting up the numbers we’re told when discussing foil-etched cards (main set, new to Modern, and MH1 reprints), there’s 61 potential rares and 16 potential mythics. You have an 11.6% chance to hit a mythic in this slot, and you’ll have a 1/138 chance of a particular one when you open a pack. For rares, you’ll hit on 88.4% of packs, and a particular rare will show up every 69 packs. Nice!

We don’t really care about slots 2 and 3, those are basic lands and C/UCs, just know there’s gonna be plenty of those around.

Slot 4, however, is where the big money is going to be found. You’re guaranteed a traditional foil rare or mythic, and this is the only spot where traditional foils of the new frames can be had. Also, this is the only spot for Foil Extended Art cards. All of these are crammed into the same spot, though, and that means this one slot is going to be carrying most of the value of a Collector Booster. If a CB box is $400, at 12 boosters that’s $33 each, just to give an idea of the spending people are about to do.

The big table:

How many can show up in Slot #4Odds of getting one in Slot #4How many packs, on average, to get one?Cost per copy (given $33.33/pack)
Traditional foil retro frame rare4334%126.5$4,216.25
Traditional foil retro frame mythic rare124.7%253$8,432.50
Borderless traditional foil rare43.2%126.5$4,216.25
Borderless traditional foil mythic rare197.5%253$8,432.50
Traditional foil rare in a sketch frame2116.6%126.5$4,216.25
Traditional foil mythic rare in a sketch frame83.2%253$8,432.50
Traditional Foil Extended Art Rare3930.8%126.5$4,216.25
Traditional Foil Extended Art Mythic Rare0N/AN/A

Yes, you’re reading that right. There are NO FEA mythics in this set. They are all borderless/sketch/retro framed. Borderless is basically EA, just with different art. Here’s an example, a subtle one no less.

Showcase borderless for the mythics means they aren’t CB limited as per usual.

For some historical perspective, this 1/253 chance for specific treatment mythics means that each one is about as rare as Phyrexian foil Vorinclex (1/256 packs) but more common than traditional foil mythics in the Mystical Archive (1/309 packs) and way more common than FEA Jeweled Lotus (1/400 packs), which is a rarity I doubt we’ll see again.

Slot 5 has a nonfoil borderless or sketch frame card, either rare or mythic. Given the numbers of those, you have an impressive 35% chance of getting a mythic and 65% to pull a rare. To get a particular mythic, it’s 1 in 77 packs for that mythic and 1 in 38.5 for a particular rare.

Slots 6 and 7 are going to be more commons and uncommons, and again, in nonfoil these will be plentiful. I expect some great spec targets here once we know the whole set, though.

Slot 8 is the last one of any financial significance, having an extended-art rare. There’s only 39 of these, so your odds are 1/39 to nab something specific, but these are nonfoil. Secondary targets financially, but potentially worthwhile if they start off cheap or end up cheap. Remember that the non-foil EA of Jeweled Lotus isn’t cheap, nor is nonfoil Phyrexian Vorinclex. 

The other slots are foil commons and uncommons, plus a land and a token, none of which are going to make a serious dent in prices for a long time. 

So to review, the rarest cards from this set are going to be the Traditional foil mythic rares, in sketch/retro/borderless frames. You’ll have a 1/253 chance of pulling a specific one of those rares from a Collector Booster. Interestingly, about one in 8 Collector Boosters will have a mythic of some kind in slot 4, but because there’s so many variants, each individual one will be quite rare.

Because people tend to focus on fetchlands, let’s do a little more math for those. You can get them in Slots 1, 4, and 8. Slot one has a 5/69 chance of a fetchland (foil etched modern frame), Slot 4 has a 10/126.5 chance (5 traditional foil old border plus 5 foil extended art), and Slot 8 has a 5/39 chance (nonfoil extended art). This comes out to about a 28% chance of any one Collector Booster having any fetchland of any type, and the average CB box will have 3.3 fetches. That’s not a guarantee, it’s just the probability. Some will have more, some less. Note that about half the fetches opened will be nonfoil EA, and that might be the place to invest.

It’s also worth mentioning that the sketch frames are another unique twist on Magic cards. Adding the art description is inspired here, giving an insight into the process that a lot of players don’t get. If you don’t like this look, I can respect that, but don’t overlook the opportunities if these get cheap. A lot of people like this look, and this popularity might lead to some surprising prices.

If you’ve noticed some discrepancies here, or if new information comes out that changes these numbers, please feel free to reach out to me on Twitter, drop a comment on this page, or come tell me about it in the Protrader Discord. Good luck with your packs!

Cliff (@WordOfCommander) has been writing for MTGPrice since 2013, and is an eager Commander player, Draft enthusiast, and Cube fanatic. A high school science teacher by day, he’s also the official substitute teacher of the MTG Fast Finance podcast. If you’re ever at a GP and you see a giant flashing ‘CUBE DRAFT’ sign, go over, say hi, and be ready to draft.

Unlocked Pro Trader: You Can’t Find Your Specs Cuz They On That Gravy Train

In 1959, General Foods created a new type of dog food that revolutionized how people fed their dogs. It was shipped dry in the form of kibble but was coated in a powdery substance that, when mixed with water, formed a brown gravy that made the food more appetizing for dogs, an animal that routinely eats its own feces. It was all of the saucy appeal of wet dog food but without the heavy, space-consuming cans that came with feeding your dog wet food. The product is still sold today, so presumably it’s fine… question mark.

Why do I bring up Gravy Train, an acceptable form of animal nourishment, in what you were presuming was an article about Magic: the Gathering? The answer is simple – sometimes things make their own gravy. Gravy Train does, you don’t need to add gravy to Gravy Train food because it makes its own gravy, you only need to add water. Have I belabored the point enough – is everyone clear that Gravy Train brand dog sustenance pellets don’t need to have any gravy added to them because you only need to add water because Gravy Train brand edible dog pebbles make their own gravy? You get the concept, right? Are you sure? I only ask because

this card makes its own gravy, and people are out here buying gravy.

And the stuff you’re buying isn’t even good gravy.

Squirrel Decks on EDHREC

I’ll prove to you that a lot of these cards that make squirrel tokens aren’t great in Chatterfang decks by showing you what actually goes in the average squirrel deck.

Just gonna click “tribes” here…

Just gotta scroll down to Squirrels as a tribe…

uhhhhhh

uhhhhhh

What.

Are people not building Toski squirrel tribal?

ELF TRIBAL?

Look, I get it. Believe me. Here’s the decklist from the article I wrote about Toski. Yes, I write for another website. Yes, I think there are financial implications to them. No, I don’t expect you to read them. In fact, you don’t even have to read this one, just read the title. Toski is a bad Squirrel deck. I made a Squirrel deck once. Guess who the commander was. It wasn’t Toski. Squirrel stuff went up when Toski came out, just like it did when Earl of Squirrel came out, and even though we never got the deck out of it that we wanted, people still demonstrated their willingness to build a Squirrel deck. EDHREC can’t help us, we’re going to have to either look at decklists manually, or we’re going to have to stop trying to find the right brand of gravy to buy for Chatterfang which, and I can’t stress this enough, is kind of like Gravy Train brand canine subsistence fragments – it makes its own gravy. All you need to do is add water. So what water are we adding?

Off the top of my head, here are like 10* cards that are better in a Chatterfang deck than Liege of the Hollows is (I’m probably going to do like 4 or 5 and assume my point is made and give up).

Baloths is objectively not even a very good card, it just makes tokens a lot easier than a lot of the cards that make squirrels and Chatterfang takes care of the rest.

Can I point something else out? Chatterfang doesn’t make very good use of Squirrels.

That’s it? That’s the Squirrel Lord we’ve been waiting for? Like, don’t get me wrong, it’s a cool sac outlet; it’s removal and the ability to double the number of tokens you make (albeit not the kind) is useful and all, but this sac ability isn’t really the reason to go pay $50 for Deranged Hermit or whatever the @#$%.

I think if people DO end up building a Chatterfang deck, they’ll need as many of the cards that make the deck actually work as they do middling Squirrels cards and we already know what those are. I would focus on getting the cards that will go in the deck but aren’t in the middle of a feeding frenzy today. Without EDHREC to tell me what those are, I’m forced to guess and go to archidekt to look it up manually. The things I do for you, dear readers.

I know we’re not exactly buying in on the ground floor, here, but we’re also going to see gains out of this until it gets reprinted, something that didn’t happen in Commander 2021. This gets printed every year and is almost $10 again – Clamp is the real deal. If you buy in at like $7 and it catches a reprint, buy a bunch of reprinted copies until the average price you paid is like $4 so you feel like a genius when you buylist for $7 later, or sell these for $12 in like a year before Commander 2022 comes out.

This card is a brief mopping-up procedure away from a sharp spike and it’s nuts (GET IT?!?!?!?!!11) in Chatterfang.

What is keeping this from being $10?

What is stopping this from being $5?

I think there are a lot of cards that are good in deck that aren’t Chatterfang that could benefit from the additional attention Chatterfang will bring them. I think Chatterfang kind of sucks and I think people overestimate the ability of casual appeal to sustain high prices.

How big do you think the middle segment is, really?

Anyway, enough ranting. Continue to buy staples for the format and if a card comes along that threatens to make stuff more expansive, make sure you’re not buying gravy.

From 1 Modern Horizons 2 Another

We’re into the thick of preview season for Modern Horizons 2 now, with the set release under a month away now, and based on some of the early cards we’re seeing I want to go back and have a look at how this might impact some of the cards we got back in the first Modern Horizons set. We’re two years out from that now, and so supply is pretty low on the more popular cards, making for some good opportunities to ride the ladder upwards.


Ephemerate (Mystical Archive Foil)

Price today: $15/25
Possible price: $25/50

Ephemerate has seen a moderate amount of play in tier 1.5/2 Modern decks since its inception in Modern Horizons 1 two years ago, mostly in Soulherder and Stoneblade decks. As well as that it’s in over 10,000 EDH decks listed on EDHREC, and is one of the best ‘flicker’ effects that we have available to us at the moment.

With Modern Horizons 2 coming out next month, one of the earlier previews we’ve had is Grief, and with it the return of the Evoke mechanic. There’s been a decent amount of chatter surrounding Grief and talk of using it with Ephemerate to take two cards out of your opponent’s hand on turn one and then another on turn two. That’s some seriously powerful hand attack, and could fit really well into a Death & Taxes list with other cards like Tidehollow Sculler and Flickerwisp to cast Ephemerate on as well.

Even if that kind of deck doesn’t take over Modern immediately, Ephemerate is still a great card in both Modern and EDH (and Pauper too but that doesn’t really drive prices much), and I think that both the global and Japanese art Mystical Archive versions are good buys here. I prefer the foils in general just due to the much lower supply, but I don’t actually mind the etched foils for competitive play either at $3/6 respectively. The art on the Japanese version is by far my favourite though, and I’d favour those over the global arts if you can get some at a reasonable price. If players are wanting these for 60 card formats then they’re going to be snapping them off a playset at a time, and so with supply already low it wouldn’t take much for these prices to climb significantly.

Morophon, the Boundless (Foil)

Price today: $60
Possible price: $100

Modern Horizons 1 wasn’t chock full of tribal cards, but it did bring us a few gems like The First Sliver and Morophon, the Boundless. Over 3000 Morophon decks have been built and listed on EDHREC, with a further 4500 using it in the 99 – people love tribal things. We’ve just seen a bunch of new Squirrels previewed for MH2 and on top of that we’ll likely be getting a load of tribal stuff in the upcoming D&D set as well. All that makes me think that Morophon is as good a buy now as ever.

Foils are up from where they used to be, but supply is getting very low now and I doubt this is a card we’re going to see reprinted in old border in MH2. With only fifteen NM foil listings on TCGPlayer I can see this climbing pretty easily as people look for cards for their new tribal decks.

Notably you can still pick these up as low as €37 ($45) in Europe, so if you have access to those then I think they’re a great buy. The only other printing of this is the Mystery Booster version, which is only in non-foil and not a huge amount of supply anyway. I think these are good for a reasonably quick flip within the next couple of months, especially if you can buy in Europe and sell to the US.

Goblin Engineer (OBF)

Price today: $39
Possible price: $80

I for one was a little surprised when we got Goblin Engineer reprinted as an old border card in Time Spiral Remastered, and I know that it caught a few people still holding Modern Horizons copies that they hadn’t yet outed due to the Modern Whirza deck that used it falling off the radar.

It’s not just a Modern card though, as it’s been dropped into over 10,000 EDH decks listed on EDHREC. Being able to repeatedly recur artifacts from your graveyard can range from powerful to oppressive, and the Engineer being a tutor on top of that makes it very strong indeed.

Just like the other popular ones, these old border foils are drying up fast with only 24 copies listed on TCGPlayer. They’re slightly cheaper in Europe at around $36, but supply is low there too. I doubt we’ll be getting another premium printing of this for a while so I like sitting on these for up to 12 months before reassessing, at which point you should have been able to realise some reasonable gains.


David Sharman (@accidentprune on Twitter) has been playing Magic since 2013, dabbling in almost all formats but with a main focus on Modern, EDH and Pioneer. Based in the UK and a new writer for MTGPrice in 2020, he’s an active MTG finance speculator specialising in cross-border arbitrage.

Survive the Archive

Strixhaven is all about the Mystical Archive, soaking up the attention and a lot of the value in the set. However, that doesn’t mean the rest of the set is worthless. It just means that the opportunities aren’t quite as obvious. We want to look at the Strixhaven cards that are either super unique or have clear Commander appeal. 

Sometimes we’ll want to get the Foil Extended Art (or borderless) treatment, or for other versions, we’ll want the cheapest regular nonfoil. Depends on the card and the reprint risk, plus some other factors. Let’s dive in!

Culling Ritual ($2 regular/$2.50 foil/$4 Extended Art/$10 Foil Extended Art) – These are already in a lot of EDH decks and it’s not hard to see why. It deals with a lot of hated permanents, from cheap mana rocks to solving the problem of token decks. As a bonus, it’s semi-free, giving you back the mana if you just kill a Sol Ring, a Mana Crypt, a random Signet, and someone’s Land Tax. Being two colors does limit the decks that it goes into, but that hasn’t stopped 2500 people from listing it just since Strixhaven came out.

I’ve picked up two FEA copies for personal decks and I think this is a fantastic long-term hold. I’m less worried about reprints these days than I used to be, mainly because I make sure to diversify. It’s rare for me to be too all-in on a single card, and that’s a strategy I think you should make use of as well. I could be talked into either the FEA or the basic versions, as both are solid long-term.

Storm-Kiln Artist ($1/$2) – More than five thousand people have registered this card as part of their Commander deck online, and that’s one of the top cards from the set. As an uncommon, there’s no special version past the foil, making this a much easier decision about what to get. Spells are a very popular subtheme for Commander, and this is one of the best creatures to add to a spell-based deck. 

Depending on what you’re doing with your artifacts, this does all sorts of fun things. My favorite might be mixing these Treasure tokens with the effect of Brudiclad, Telchor Engineer. All kinds of goodies await, and remember that the way Magecraft is worded, casting a Storm spell will give you a Treasure for each storm copy. Thousand-Year Storm is also a lovely combination.

Archmage Emeritus ($2/$2/$4/$9/bundle foil $3.50) – Buying a Strixhaven bundle (formerly known as a fat pack) gets you the alternate-art foil of this, but there’s a FEA version that I’d be concentrating on. This feels a lot more like a Commander reprint to me, something to accompany Talrand, Sky Summoner. Having a cantrip on every one of your spells is ridiculously good, and yes, the Archmage will attract removal almost immediately.

When you play cards like this, you’re expecting heat, so playing this when you have a counter handy will be great, especially when that counter immediately draws you a card. Go forth and enjoy it with this card.

Codie, Vociferous Codex ($0.50/$1/$2/$5) – I have to admit, five-color spells isn’t going to get a much better Commander than this. There’s a whole lot of cool things you can do with red/blue spells but rainbow is a different animal entirely. No other five-color legend enables this sort of thing, and being able to cascade off of everything you do, in addition to mana fixing, is really strong. I also really enjoy the restriction of Codie’s first line, locking down a lot of things you can do and can’t do.

Usually, I don’t advocate picking up the commander, it’s better to get the accessories for a certain legend because other decks play those cards too, but this is so unique, so special, that getting the FEA copies for $5 or so seems like a slam dunk. There’s issues with Codie, mainly that there’s no haste or protection built in, but here we go.

Wandering Archaic ($9/$10/$12/$31) – Perhaps the easiest addition to any Commander deck, this is colorless and charges a tax for goodies. It’ll either eat a removal spell with a tax, or get you value when other people get frustrated. This is expensive for a FEA rare, the fourth-most expensive card in this set that isn’t from the Mystical Archive.

It’s never going to be cheaper, either. We know that the big cards have an early dip and then start to rise, and that’s the pattern here. Being a rare, there’s twice as many of these as any Mythic, but because so many people are keeping these in decks (and buying them for decks) the price is creeping upwards. 

Dragon’s Approach ($2.50/$4) – You may think this is a bad card, but every other ‘a deck can have infinite copies’ card has gone on to become quite expensive. Approach is a godawful card in the abstract, requiring 15 mana to tutor through your deck to get your first free Dragon. Strixhaven isn’t going to be opened a lot in paper, though we’re cracking a whole lot of non-Draft boosters in search of the Mystical Archive. While I think that this has growth potential, I just can’t advocate moving in on foils. The card is just SO BAD.

Let me paint a different picture for you. You have a stack of a card just like this, and then a new Commander comes along that literally doubles the impact of the card. Foils jump to an absurd price, but blessed few people pay that price and so the value drop back down within a week. The card went from $3 to $5, not enough to make selling individual copies worth it, and buylisting might get you a profit of a nickel each. That card is Persistent Petitioners: 

Jumpstart gave us a commander to double up the Petitioners, and you can see when the spike hit, but the interest just wasn’t there to keep the price high long term. Dragon’s Approach would be lucky to have a spike like this. As a result, I’m staying away, and buylisting any copies that show up in my Set or Collector Booster boxes.

Cliff (@WordOfCommander) has been writing for MTGPrice since 2013, and is an eager Commander player, Draft enthusiast, and Cube fanatic. A high school science teacher by day, he’s also the official substitute teacher of the MTG Fast Finance podcast. If you’re ever at a GP and you see a giant flashing ‘CUBE DRAFT’ sign, go over, say hi, and be ready to draft.

MAGIC: THE GATHERING FINANCE ARTICLES AND COMMUNITY