All posts by Jason Alt

Jason is the hardest working MTG Finance writer in the business. With a column appearing on Coolstufff Inc. in addition to MTG Price, he is also a member of the Brainstorm Brewery finance podcast and a writer and administrator for EDHREC's content website. Follow him on twitter @JasonEAlt

Unlocked Pro Trader: Preliminary Strixhaven THoughts

Readers!

There’s no getting off of Mr. Hogwarts’ Wild Ride, and with sexy Japanese alternate art versions of cards in Collector Boosters, potentially replacing the MS Paint alternate art cards that are already going to sling a lot of boosters, we’re in for a set that’s going to make some real waves. What waves in EDH, exactly? Well, it’s too early to tell for sure since all of the cards aren’t revealed and we don’t have any EDHREC data to parse yet, but I have some ideas about where to look first.

There are a few cards that are on their way to popping already, or have popped but they might be mispriced.

New evergreen keyword Ward introduced in MTG Strixhaven | Dot Esports

The Twincasters will be included in the EDH decks and since their revelation, people have been thinking about how they might be broken.

Helm was already on its way, but this didn’t hurt it at all. I would say the reprint risk is pretty low since these were already over $10 when the decks were being built. Still, even if Helm is reprinted, a steep growth curve like this ensures it will shake the reprinting off and you’ll be able to get out for more than you paid. I have a bunch of copies in the mail I plan to ship out before the decklists are finalized but if you’re feeling diamond-handsy you can always hodl and let me know how it goes.

Rite is down off of its peak and that spells profit possibilities. It spiked recently and calmed back down and that’s a perfect opportunity to grab copies before they go even higher. I’d say the next 6 months have way more opportunities for a new impetus for this card to go up than opportunities for a reprint, and since people are holding off, expecting a printing in the precon, you can be greedy while they’re being fearful.

Here’s a budget pick.

I don’t have any EDHREC data so, again, I’m speculating but I think this stuff likely matters.

Hofri is also pretty interesting.

Unlike with Adrix and Nev, it’s less obvious what will be good here. I read a couple of reddit threads where people were brewing, and if you’re not doing that, you really, really should.

Here is what could matter from Hofri, besides the obvious.

If Spirts end up being a thing at all, paying under $2 for a Kamigawa foil on this seems fine, especially with Card Kingdom selling out without anyone noticing.

Meanwhile this $5 foil never got a reprint. If Spirts are a big factor, other cards could be in play.

My inclination when someone tweets something I don’t agree with is to make sure my position is supported by data.

At first I was skeptical because I didn’t think just spirits being a thing would matter for Kykar since it seemed more likely people would build new spirits cards around new spirits commanders, which would be Lorehold and the decks couldn’t include Kykar, and would people really build Kykar? So I went looking.

I don’t know whether cards like Hofri Ghostforge are going to make more people build Kykar, but it turns out they never really stopped. Kykar is the 12th-most-built commander of the past 2 years. Here’s another thing.

Kykar is played half as much as a non-mythic that only costs twice as much as Kykar, and it’s played twice as much as a Mythic with the same number of printings that costs 3 times as much. For whatever reason, it looks like Kykar may be undervalued and even if Spirits in the new set don’t make Kykar do anything, the incongruity of a card being underpriced should do it on its own. Let’s look at the trajectory.

It’s hard to distinguish the moderate upswing it’s on right now from noise, but it could be on its way past $5 on Card Kingdom for good this time. How many copies are we talking about?

OK, then. Looks like my gut was wrong, and that’s why we always look at data.

Speaking of data, we’ll have more next week, and since the window on getting stuff is shrinking quite a bit from where it used to be, it doesn’t hurt to get updates from me more often than once a week in these articles, just sayin’. That does it for me, everyone. Until next time!

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Unlocked Pro Trader: Let’s. Get. GRANULARRRRR

Readers!

We are in a weird limbo period where we have only had like 5 spoilers from the Hogwart’s set and it’s too late to do anything about the one relevant spec that has come from those spoilers.

It’s too long since Kaldheim, basically, there is nothing EDH-specific to say about Time Spiral Remastered and we don’t know enough about fantastic specs and where to buy them. I’m sure in the next few weeks will be full of specs that make you say “10 points to Hufflepuff Lorehold,” but until then, let’s look at something else.

The EDHREC programmers are very busy right now and when they’re not busy, they’re not super inclined to implement my proposed feature for a toggle between sorting by percentage inclusion and by absolute number of inclusions. I think that’s good and bad. It’s good-ish because it tends to weed lazy people out and buries decent specs, it’s bad because if you want to be not lazy, you have to do some digging. Well, you don’t have to do digging. I have to. Me. So I guess I’ll do it, then. Today, I want to get really granular to overexplain why I think some cards that have none of the things I like to look for in a spec could be good specs in the very long term.

Define “Very Long Term”

I was gonna, jeez. Literally don’t even give me time to hit the enter key to start a new paragraph and you’re already all over me.

I think some of the cards in Kaldheim are somewhat insulated from reprints. Set-specific keyword abilities are usually considered too confusing for inclusion in EDH precons, cards that start at a buck and go to $7 rarely end up on “the list” and is there even a third way to print cards? Kaldheim has some cards that I think are potentially hidden gems, and it has to do with the lack of sources for information. People are still making finance decisions based on their own flawed perceptions in year of our lord two thousand and twenty one and if someone like me who makes almost all of his decisions based on data can screw things up, imagine how bad people who don’t do that are doing.

I think there are a few cards from Kaldheim that are probably going to make some moves long-term, and I’m going to try and find historical corollaries to prove it lest I look like I’m guessing. This will be fun, promise.

This is what the top 90 cards in the set look like represented as posters for ants. I’m not trying to show you a specific card, I’m trying to prove a point about scale. Specifically, I am trying to prove a point about where Reflections of Litjara is in the Top 90. It’s here.

Middle of the pack when sorted by % inclusion. Hypothetically sorting by number of total decks doesn’t do it as many favors as that sorting would do for other cards, either – it’s hovering around 669 (nice) decks or 6% of the last 11k decks registered. However, I don’t think this is going to be “OMG hidden gem, overnight $10 card” spec, but rather a “crazy I still get these in bulk after it’s crept up to $1/$2/$3 “card. It’s a bulk rare version of Kindred Discovery and while Kindred Discovery is much better, that “much better” comes with a hefty $40 price tag. Not only that, I am not 100% convinced that people with the scratch to pony up forty bones for an EDH card won’t play Reflections in the same deck. We’re looking at a card that’s potentially going to see some use the next time a tribal set comes out and people go back through old cards to see what could go in their deck. I don’t know if you buy these now, but they’re going to bottom out and I like it, especially the extended border versions, at bulk-ish because they’re going to creep up.

As far as historical cards go, I’d compare this to something like Icon of Ancestry, not in terms of its price, but in terms of its trajectory.

Icon goes in a lot more decks than a Blue Enchantment does, obviously, but I think the trajectory should be similar. Besides, you’re not turning a $3 card into a $5 one, you’re turning bulk into better than bulk, and that’s very doable. Look at a card that is printed less but is also narrower.

Besides, even if you’re not convinced about Reflections, I have good news, I was just buttering you up for the grand finale.

See this bad boy? What if I told you that if we sorted by # of inclusions, he’s actually the 10th-most-played card in the set? When you open up EDHREC, it places him in the 3d or 4th row depending on your monitor, and that’s not generally where people go for the “top” cards in the set. 10th-most-played card and it’s a tutor on a stick? Granted, it’s tougher to use than some tutors, but if he lives, it’s reusable. You can also force someone else to tutor, making him a nice pairing with Opposition Agent.

I don’t have a great 1 to 1 comparison, but I would like you to peep this graph in particular.

Again, let’s not get too caught up in the numbers, but let’s take a look at the trend. Sidisi caught on after it went out of print and it’s been on a steady climb ever since. I don’t know if Varragoth can be equally ubiquitous, but I also don’t think it’s outside the realm of possibility that Varragoth will do some work.

It’s not quite a 1 to 1 comparison, again, but of the roughly 12,000 decks registered since Varragoth entered the system, Varragoth has been used in 6% of the Black-containing ones, the same percentage of total decks ever including Sidisi. I don’t know if we’ll be paying $13 at Card Kingdom for Varragoth ever, but I do think Varragoth is a very interesting card and I think it’s gone largely unnoticed.

And then there’s the thing that Sidisi doesn’t have – a super metal stylized version that costs basically the same as the set version. I think the foils and non-foils of this card will diverge from the regular version, making the showcase version a nice happy medium for people who don’t want to play the boring set version and don’t like foils. I expect an exponential price diversion, and the existence of the showcase version as a spec further insulates us from reprint risk given that the regular version, as tough to reprint as it may be with its Boast ability, is even tougher to reprint. These are all causes for celebration.

I spent a lot of time on two cards, but I wanted to prove I actually thought a lot about this. It’s weird speculating on in-print, non-mythic cards only played in one format, but if Sidisi can flirt with $15 on Card Kingdom, I don’t think it sucks to not dismiss Varragoth at 3, especially in a world where Opposition Agent and Rogue’s Passage exist.

That does it for me, folks. Join me next week where we’ll be talking about “totally not Harry Potter, you guys” the set. Be there. Until next time!

Unlocked Pro Trader: What’s On The Horizon?

Readers!

With the announcement of Modern Horizons 2 and my decision to abandon my tried-and-true method of not having to guess ever and delving into the uncharted waters of guessing like a COMPLETE IDIOT WHAT AM I DOING I decided to look at Modern Horizons 1 to tell us if we’re going to want to care about Modern Horizons 2. Will there be any relevant reprints? Will prices be impacted if there are? Will the splashy mythics matter in EDH or are those there to sell packs to Modern players? Will there be Modern played when this set comes out (no)? Let’s look at an old set and make pronouncements about a set that probably isn’t even done being printed, so I can get a bunch of stuff wrong and you can all go back to seeing me as human.

Let’s look at Modern Horizons and how much it actually mattered in EDH!

I am not so much astounded that there were only 8 commanders in the set as I am astounded that they would waste a slot in the set on a complete meme card like Ayula, and I’m more astounded that people are building it more than Hogaak. Hogaak is kind of a non-EDH commander but people still seem to be into it. I’m also astounded that people would rather do completely stupid, fun stuff with Siasy and especially Morophon than do dumb cEDH stuff with Urza. Urza was obvious, powerful, and led the way very early but it’s been overtaken by Sisay and Morophon. Why? Versatility. Urza was obvious and that spikes stuff in the near term, but the top commanders are the least obvious and those can be a double-edged sword. What’s going to spike more copies of a given card, 62 out of a possible 3,495 Sisay decks being built as Gods tribal or 2,614 Urza decks all being built as “Lol I win on turn 2” decks? If a deck has a lot of different builds that don’t have a ton of cards in common, it could end up that they’re less impactful than a streamlined commander. Yawgmoth is pushing way more copies of Nest of Scarabs than Sisay is pushing copies of Honden of Night’s Reach despite being built half as much. Very versatile commanders are always the ones that top the lists, but the less versatile, more focused commanders really push “staples” and that’s better in the long-run. I’d focus more on commanders like The First Sliver in the future than open-ended ones like Morophon. I mean, I will. I mean “I’d” as in “I would” as in “I would if I were you” as in “you should” but also know that I will, in case you don’t want to think about cards made for a format you don’t play released in a set for a format no one can play right now.

Despite boasting EDH cred, the cards that most impacted the format are largely what we’re seeing in most sets – lands and mana rocks. EDH doesn’t need the wheel reinvented with respect to our manabases every single set, but lately that seems to be mostly what people latch onto. I don’t see Good-Fortune Unicorn, Unsettled Mariner, Unbound Flourishing or the card they expected to really sell boosters, Serra the Benevolent, anywhere near the Top 25. The Talismans were long overdue, and Hall of Heliod’s Generosity had a ton of decks ready to slide right into, but the 15th-most-played card is a tryhard Legacy and Modern free counterspell that only hit EDH incidentally. They can design cards for the format, but they can’t make people care past a certain point, especially if they’re very narrow. Why does it matter if the cards are narrow or not, though? If they get played in 90% of the decks that can run them, aren’t they basically a staple, and isn’t that great? Well, yes and no.

Hall of Heliod’s Generosity is played in a staggering 10% of all decks that contain and can run White. If you look at Enchantment-heavy decks specifically, the number is much higher.

19,000 decks, and in nearly half of the registered Enchantment-heavy decks, even the ones that were printed before Hall was.

Those are really strong metrics. Sure, Hall is going to grow until it does something or gets another reprint, but the amount of supply out there loose butting up against with how much of the paper market is dominated by the format where Hall is king has made the graph look pretty disappointing. If Hall can’t do much in a year, we either have to wait much longer, which will really increase the reprint risk since it’s a longer hold, or it will never get there. The other rares above Hall on the list, Nurturing Peatland and Waterlogged Grove, are a similar sad story.

Maybe you see opportunity with a graph this shape, but all I see is a falling knife that I don’t want to grab. Grove and Peatland have the potential to get some help from other formats, a statement much less likely to apply to Hall of Heliod’s Generosity. Something tells me that Modern Horizons two is going to be a pretty bad set for EDH investing if these numbers are true.

Do I think anything from Modern Horizons One can get there given enough time, and if I do, which cards other than Hall can do it? If Hall can’t, nothing can, but if Hall can, what else could? … Just word salad with my prose today, get it together Jason.

This is a bulk rare that plays a lot better than people seem to want to give it credit for. I use this to rebuy Thieving Skydiver and Sower of Temptation, but this is just a really hard hitter that plays well outside of ninjitsu decks as well as it plays inside of them. This is a nice bulk to bucks pick and I know those are tough, and this has moderate reprint risk, but overall I think there’s money to be made here and so do dealers given the (slight) increase in buylist price.

This has flirted with $2 on CK and I think it can get there again. This is played almost exclusively in EDH to great effect and I think it’s a hidden gem. I think reprint risk is lowish and I think it’s another good bulk pick.

This is a very, very, very, very narrow card. People compared it to Doubling Season when it first came out but I think it’s not a card you compare to Doubling Season, I think it’s a card you compare unfavorably to Second Harvest. That said, the right deck coming along could pluck this from its relative obscurity. I think it’s basically at its floor, is nowhere close to begging for a reprint and is good in the right deck. Does that deck exist? Nah, but when it does, people who have copies of this will be in a position to make some quick cash and if you’re the person who likes to be holding things when they pop, this is the card for you. I don’t like this kind of spec, but I know some of you do.

The foil BARELY costs more than the non-foil, so if you’re betting on the non-foil to go up a little, you could be betting on the foil to go up 2 or 3 times a little if you’re really that confident. This went down to $12 and up to $35, and that’s worth noting, especially with Card Kingdom selling out of it.

All in all, I’m a little more bearish on Modern Horizons 2, a set that has had 0 cards printed so far and which we know nothing about. Is that wise? There are other places to invest, and we also know that anything EDH-relevant will spend a year declining in price before it shows any signs of life, so either bet on cards with cross-format applicability or wait for the cat to bounce. Next week I hope I have spoilers to look at, something. Save me from having to speculate on tribal decks based on that William Gibson’s Neuromancer Kamigawa set you know they’re making. Until next time!

Unlocked Pro Trader: Time Spiral Recovered

Readers!

I know you don’t love baseless speculation and last week I speculated on a baseless basis based on – yeah, I’m done with this bit. If you didn’t like last week’s article, this is the opposite of last week’s in a way that you will like. If you did like last week’s article, this week’s article is the opposite of last week’s in a way you will probably still like. I’m going to make everyone happy except the people who liked that bit I was doing where I said different variations of “base” which I then abandoned midway through a sentence, but to those people I say, it’s better to have loved a weird comedic bit I was doing and lost than to have never loved one of my weird bits at all. For more base-based bits, google “Zero Wing meme” and relive the late 90s.

We have a set coming out called “Time Spiral: Remastered” which sounds and looks like a Masters set but which they swear isn’t a Masters set. It’s not a limited print run but it has some of the hallmarks of a Masters set. Splitting hairs matters very little – we are getting some meaningful reprints and some of the cards will be in a new border for the first time ever which is very exciting. So obviously, cards played in “Prestige” formats like Legacy and Vintage where people will spend real money to make the deck look as good as possible, are going to be in play. I don’t need to tell you that day 1 of the set being opened, foil old border Ponder will be money. However, some of the stuff will tank and its recovery depends very much on how much it’s played in EDH and how it’s used. I want to take a look at a few cards I think we should buy at their peak because they’re bound to rebound nicely.

When Iconic Masters came out, we identified a ton of cards that were bound to rebound very nicely and a lot of those predictions were borne out. In particular, strong EDH cards that, despite not being mythic, also didn’t have a ton of supply, really shrugged Iconic Masters off.

Look at Austere Command recover from that printing. It didn’t just recover, it crested above where it was before the reprinting. These sets can’t give us copies as fast as the format is growing and while the format can’t continue to grow unbound, we’re still seeing opportunities. I didn’t tell you about Austere Command at $10 on the way back up telling you it could hit $15 either, like I sometimes do (you still make money, sheesh), I told you about it when it was $10 on the way down, reminding you to get in at $7 or $8. Predicting what will recover and what won’t is a simple matter of looking at how and how much it’s used and EDHREC gives us all of the data we need. Why not take a look at Time Spiral Remastered through that lens? Here are some cards I think will recover.

While we used to call Eternal Witness the poster child for shrugging reprints off, too many printings has caused the price to lag from around $7 where it normally equilibrated to about $4. That said, the new art on the old border is going to be pretty popular and I think when that printing specifically bottoms out, you should consider buying. There aren’t many cards in the list of timeshifted cards that see more play than Eternal Witness – Farseek is the only one.

We might not see Eternal Witness’s Fifth Dawn printing recover, but the new one should be different enough that it will have its own price trajectory and I see it being a real gainer. Compare it to the FNM foil which is currently $50ish.

The new Solemn Simulacrum is novel enough that I think we can ignore the old price graphs. Despite Wizards attempting to keep this at like $2 by coming up with a ton of unique ways to reprint paranoid android four times a year, there is only one Jens art and seeing it with a brown border is going to make a segment of the population snap it up.

1 in every 5 EDH decks runs this card, and even if there is one in every box of Time Spiral Remastered, there will be a lot of demand, both from new decks and old ones. This has the potential to be a real money cards despite literal $1 copies of this card existing.

It’s not just the Time Shifted cards I like, however – the regular set has a ton of great reprints and I think the EDHy ones have some real upside once they bottom out.

I also think Beast Whisperer could see some upside with the new border given how much play it sees in EDH.

EDHREC is nice enough to rank all of the commanders for us to show us which ones get played the most, so take a look at that for sure.

Just click the link I provided to be taken to the site to peruse the whole list. I think maybe the new borders on some of the commanders will matter, but in general, I don’t look at commanders, I look at decks. Let’s scroll down a bit more where the cards in the set are ranked by percentage inclusion which is very helpful.

You can peruse the entire list yourself, but I think it’s worth diving into the greatest hits and talking about some cards that matter to me.

Looking at the rest of the set, it’s pretty clear that there isn’t much in Time Spiral Remastered that doesn’t have a new border that matters much in EDH or price-wise. Krosan Grip isn’t getting a new border but it’s a $2 card with six printings already. Aven Mindcenser is like a buck. Return to Dust is bulk. Damnation may be the first card worth looking at and when you sort by percent inclusion, Damnation is ranked 30th. Still, let’s take a look.

Despite being literally given away to people for playing FNM at one point, Damnation climbed to peak near $75 and stayed there until 2017 when Modern Masters kicked its feet out from under it. Despite hitting a low of $25, it rallied back to $50 where it’s mostly stayed. Damnation could get a lot cheaper but I expect it to rally back up to at least $40, maybe $50 again, meaning you could get in for easily half or less if you wait for prices to bottom out. Damnation barely needs help from other formats, but it will get that help regardless, making Damnation this set’s Austere Command. Expect a full price recovery and buy accordingly – Damnation seems like a sure bet, and the fact that it’s not in the top 20 cards in the set ranked by % inclusion doesn’t matter as much as you might think. It’s still in almost 24,000 decks and sees play in other formats. I’d have liked to see a classic border around this, but I’ll pay basically retail on these when they crater.

Look, I know I’m embarrassing both of us by putting this graph up here but we both know I basically have to. Don’t forget Sliver Legion will go up in price, basically no matter what you pay for it out of TSR boxes. You will make money here. I don’t know how much or over what time period, but it’s $50 pre-sale on Card Kingdom. I have to imagine this will be worth more than $50 in a year, two tops.

Saffi’s EDH inclusion is very modest, but if it gets any help from other formats, this could be a bulk rare that ends up worth a couple of bucks in a few years. Don’t bulk these out – the new art alone gives it a fighting chance.

All in all, I think the money is going to be made by Damnation and timeshifted staples versus anything else, so it’s worth it to buy expensive booster packs of the set imo.

This is a weird set – the most played cards are pretty cheap uncommons with lots of reprintings that could be very valuable with the time shifted border and the cards from Time Spiral proper aren’t really that interesting in EDH. That said, there are some very interesting cards here, and I recommend going to the TSR page on EDHREC to see how things are ranked and make your own conclusions. I have my opinions, but it’s your money and you should feel good about where you park it. That does it for me this week – thanks for reading. Until next time!