Readers!

I would have liked to have talked about Orvar before stupid junk like this happened, but there was a lot going on over at EDHREC.

Don’t let the prices fool you – Whim is sold out everywhere, even when relisted at $8 or $9. It was a bulk rare last week, but Orvar, the All-Form made it pop off. Did we miss the opportunity to pick these up cheap? Sure, but we shouldn’t look at it as if we lost money. We missed an opportunity to get some money, but as always, the less obvious stuff in a deck like this takes longer to get scooped up and gives us ample time to plan our moves. So why didn’t I write about Orvar beforevar? Simply put, there were some doings happening at EDHREC.

Pardon Our Dust

EDHREC got a UI facelift and I think it will work even better as an analytical tool. Nothing we used before is gone but there are some new features that I’m sure I’ll go into at length in future articles. Focusing on launching a lot of new features sapped a lot of the site’s mental bandwidth and the scrapers weren’t working optimally for about a week. That’s normally not a huge deal, but during that week, we weren’t getting updates about how much Orvar was being played. Now that it’s fixed, we know.

It’s played a lot.

Sometimes people tell me that I make these pictures too wide so that the individual cards are too hard to read. You don’t need to read the individual cards, readers. I’ll zoom in if that needs to happen. What I want you to see is where Orvar is.

It’s the 5th-most-built deck in the set, right after Toski and right before Fynn (the poison guy). Orvar is popular and since that’s the case, the Whim of Volrath spike matters even less because if the deck has legs, there are other cards people missed. I found ’em.

Check out the Orvar page. A video should automatically play that tells you about the new features, and it’s worth learning about what they are. Once it’s done, you’ll see that Orvar is sort of boring. A lot of the cards are going in every single build, which bores me as an EDH player but makes me feel better about my investments as a financier. Usually when one part of my job makes me unhappy, the other half makes me happy to compensate. The money I made finding Necrogen Mists at an LGS for $2 makes me feel better about how stupid a deck Tergrid is and how much I hate that they made it. Let’s look at the obvious cards in a linear deck and marvel at how they’re still cheap.

Literally 24 hours ago, Card Kingdom had a bunch of copies, and they were cheaper than TCG Player. When a price is “wrong” like that, as we discussed last week, it’s worth noting. The “cheap” CK copies are gone, but TCG Player is still reasonable, and other sites haven’t quite figured out that this is in as many decks as Whim of Volrath and is just as reusable give its retrace ability. I don’t expect this to stay under $5 for long, and it probably goes higher.

Scepter bottoms out from reprintings, but always manages to rebound strong. This deck, in particular, makes use of a lot of cheap cantrips that have a lot of impact with Orvar out. Anything you imprint on Scepter is good in this deck, meaning there’s no reason not to run it because you don’t have to build around it. It’s always good, and with its price at a 7-year-low, it’s time to get serious about the scepter.

Can someone who knows about foils tell me if this is a good buy at $30? It seems like it is to me. I don’t love foils, as we all know, but this is a rare promo with unique art and the card is going to be played more than usual soon. With Scepter getting a lot of reprints in sets that have foils with its classic art, this is the better foil – I don’t care for the FTV one bit. If you like FTV foils, though, here’s that graph.

$13 for a foil that has flirted with $30 in the recent past. If you buy the premise that Scepter can see more play on the back of decks like Orvar, this seems like it has a lot of potential. It likely never gets cheaper than it is now.

This was on a rocket to the moon already, but in case you weren’t sure if the literal Sakashima deck was enough to help this recover from its Mystery Booster crater, here’s another deck that can’t get enough copies.

Tidespout stock is incredibly low everywhere. This is about to hit a tipping point and you’ll want to have some copies in hand when it does.

The copies from Battlebond are good, too. If I had one card I could buy this week, and I couldn’t find cheap copies of Glamerdye (my Pick of the Week last night) I really like Tidespout Tyrant. There are a lot of cards you can copy with Orvar, and a lot of them are either bulk rares like Scourge of Fleets or already the correct price like Torrential Gearhulk (unless you think it’s on its way up, in which case call it a bonus pick) but Tidespout is about to sell out and it’s nutterbutters in this deck.

When everyone decides there is exactly one way to build a deck, and it’s a popular deck, I have to push past the revulsion I feel as a self-proclaimed steward of the format and make myself feel better by stacking cabbage. Join me in buying obvious cards before they’re obvious to everyone else. Glamerdye is the exact same spec as Whim of Volrath, but one was obvious and easy to buy out and one wasn’t, so let’s do what we always do and make some money. That does it for me, until next time!

That’s it. That’s the article. I am going to find 5 instances of a card costing more on TCG Player than it does on Card Kingdom, I’m going to verify that Card Kingdom has the card in stock and that the prices listed are correct and I am going to talk about those cards. That’s it. You’re all good at this, you don’t need me to tell you why that is a significant thing, or talk too much about what it means. I am literally just doing leg-work for you and I think that’s plenty valuable.

OK, fine, BRIEFLY, let’s talk about why Card Kingdom should never charge more than TCG Player. Card Kingdom pays a lot for buylist cards, and offers even more in store credit. If they coupled a high buylist with a low retail price, they’d squeeze their own margins too much, so they charge a little more, usually. Card Kingdom gets a lot of brand loyalty, maybe because they’re in Seattle. They are also considered by many in the EDH community to be the go-to site. Their SEO game is very good, which helps when someone who is new to the game just types in the name of a card to google and ends up on their site. TCG Player, on the other hand, is a marketplace site where competition among sellers drives the price down. I compare these two sites simply because those are the prices listed underneath every card on EDHREC and I see them all at a glance daily. Could you compare any market and non-market site provided they were both sufficiently large? Maybe, but I think you’ll agree comparing TCG Player to Card Kingdom is more useful than… I had the name of two sites here but I don’t want anyone to think I’m denigrating those sites because I think they’re both great and buy cards from them all the time, so let’s just move on. OK fine, you got me, it was Troll and Toad and Strike Zone.

Here are 10 cards where I think the prices are either too high on TCG Player or too low on Card Kingdom.

This is a precon card, and that may be one of the reasons that this seems reasonable.

Card Kingdom could have busted a bunch of the precons or may be getting a decent supply of them offering $4 credit. Meanwhile, people selling on TCG Player had to bust a precon to get them, which isn’t super easy. An individual seller is going to have a harder time than a big store like Card Kingdom getting ahold of a single card like this unless they pay $30 for the precon that doesn’t have another card worth more than $5 in it. But the fact that it’s higher on TCG Player means it’s selling there. I think someone inclined to build around Aesi is more likely to buy it from Card Kingdom.

Is it too cheap on CK or too expensive on TCG Player?

It’s secretly a top-10 card from Commander Legends. It’s not in boosters which means you have to bust precons to get one and it’s played more than Jeska’s Will and Keeper of the Accord, which is substantial to me. I think this card may be underpriced on Card Kingdom, and with them only displaying 8 copies at a time, who knows if they have as many copies in stock as TCG Player does with their 77 listings. However, there is one thing we can check that could prove us wrong, and that is the price of Wyleth, Soul of Steel.

Wyleth here helps us test our hypothesis. It’s played nowhere near as much as Aesi, which explains why the price is so much lower, but we’re seeing the same disparity. This is some data that makes me think the fact that it’s in a precon is the reason the prices are flipped. Card Kingdom has these in stock, but who knows if they have 8 copies or more? It’s tougher to get a $1 card on TCG Player if the seller isn’t direct because the shipping cost is added to the total price when the cards are ranked by price+shipping, which is the default. If you want to be the absolute cheapest and therefore at the top of the list, you have to factor in shipping and that means sometimes they are a little higher on a $1 card so the seller doesn’t lose money if the buyer buys just that card.

Is it too cheap on CK or too expensive on TCG Player?

I think they’re both likely too cheap on Card Kingdom. They’re both getting played and they’re selling on both sites, so I’m not sure what’s going on. I think Card Kingdom has an easier time getting copies than random sellers on TCG Player and they don’t realize they could be charging more.

This is a very interesting case, because it took me a bit to find the version that was $0.49 on Card Kingdom.

The set non-foil is $1.29, the promo pack foil is $1.49, the prerelease foil is sold out at $2 – the version that is $0.49 was the last one I checked – set foil. That’s right, the foil costs half as much as the non-foil. Foils are curly, they’re everywhere thanks to collector boosters and a full-art version exists.

Inidividual sellers aren’t ready to call a fire-sale on a pack foil but CK, a store that I suspect got sent a lot of pre-release product and couldn’t have an event, was able to get better foils affordably. It’s $3 for the showcase foil compared to $2 on TCG Player.

Is it too cheap on CK or too expensive on TCG Player?

It’s too expensive on TCG Player. No one is ready to call a set foil complete trash and sell it for less than the cost of a stamp except for a few intrepid TCG Player direct sellers. The full-art foil is 50% more on Card Kingdom, which feels correct. This is the 25th-most-played card in the set and I don’t hate showcase foils at $2.

This is sort of interesting, because I think EDHREC has some back-end code that is showing information that might not be public. When you click the price, it tells you the link doesn’t work.

I tried finding Valki with their search function and it turned up 0 results. Either they sold out presale or EDHREC scraped a price from a non-public page. EDHREC didn’t invent that number, it came from somewhere. Puzzling. It appears TCG Player preorders are driving up the hype on this meme commander, and with good reason – I am very excited to sleeve Loki up and do some damage.

Is it too cheap on CK or too expensive on TCG Player?

It’s too cheap on Card Kingdom, but maybe that doesn’t matter because the card is apparently not for sale.

This is a two-fer because both of these cards appeared on the Double Masters page, and investigating why on Card Kingdom showed something even more stark than we saw with Valakut Exploration.

Card Kingdom is NOT trifling with set foils. For the first time ever we’re seeing negative foil multipliers on playable cards.

For the first time tonight, we tracked down the lowest price and it was the result of a card selling out. But check out the price of the non-foil.

Did the prices go up a lot recently or was the foil always cheaper?

Non-foil.

Foil.

What’s going on here? I think this could be the subject of a whole article series when we figure it out. For now, your guess is as good as mine.

It seems like set foils are kinda trash, and I’m inclined to agree. EDH players are not only not super inclined to pay more for foils, they seem to be avoiding them to the extent that they’ll pay more for a non-foil. Does this make foils of cEDH cards worse buys? I doubt it; cEDH is 100-card Legacy for pubstompers, I’m not sure they’ll ever give up their love of Russian foils or whatever. Still, the future of pack foils is in question and we’ll be exploring the topic a bit more in the future. Until then, enjoy Kaldheim hype season and we’ll be back next week with more tomfoolery. Until next time!

Readers!

I know we love to talk about how we like second spikes, but we’re about to see a very interesting set of second spikes that could teach us a lot about mtg finance if we pay close attention. Today’s case study pertains to a commander that everyone wanted to build and no one wanted to play. Did the prices fall off because people got sick of the deck before they even sleeved it up like they seemed to with Xyris? Did they just not get to play the deck because of Covid? What can we learn about mtg by looking at two similar and profoundly toxic decks, the second of which may be so toxic that it punches straight through how boring it is and gets adopted by griefers the world over? I’m going to tell you that, damn, give me a minute. It takes me a paragraph or two to get situated. First paragraph and I’m already pretending you asked like five questions already.

I kid, I am actually glad I’m pretending you asked all of those questions because those are the same questions I asked myself when looking at a new card from Kaldheim that I legit wrote another “I hate Nevinyrral article” about on Coolstuff. If you’re reading this on Thursday, it came out today, go to Coolstuff and check it out. I feel a little silly trying to make the case that you might want to read my article in the body of one of my articles that you’re reading, but life is messy sometimes. Just click this link then click the one with my name on it. Thanks for the support!

OK, we’re back. Do you like how I dunked on Tergrid? I think I made the case that it’s troubling because it is so seductively powerful and has a much better payoff for the toxic discard and sac effects than Tinybones did that it’s bound to be a much bigger problem. I think the deck is going to be really unfun to play against, like Tinybones, but unlike Tinybones, I don’t think it will be unfun to play with. Tergrid makes symmetrical discard effects like Bottomless Pit into asymmetrical value engines and it’s shocking that this is not at mythic. This is a finance article, why do we care about what the stupid card does?

Here’s Why

This post-Tinybones decline was more precipitous than we’re used to seeing. Can a decline be precipitous? It makes me think it means “headed toward a precipice” but it also means steep. That’s a steep decline if you ask me – from $10 on its way to $7 or maybe even $6 when it got the call that it was back in the game. Didn’t even have time to report to the minor league club and there was an injury call-up. This new deck could make Necrogen Mists go even higher than $10 on CK considering no one could get their hands on Tinybones, those that could had to pay like $50 for it and anyone who built the deck was immediately hated out or got bored.

Tinybones is still on top, but it is closer than it was, and Neyith came out of nowhere. Neyith was behind all 4 of these other commanders, plus Emiel, plus Sethorn which was itself behind Kels. What people brewed waiting for Jumpstart product that came half a year later and what they built when they had the product differed a lot. It makes sense.

Before we talk about the cards that are going in Tergrid that weren’t in Tinybones, we should figure out what happens if Tergrid is as unfun as Tinybones and whether we should avoid decks that people aren’t super into building in the future. Let’s take a look at some cards that 100% went up because of Tinybones. Necrogen Mists was one, what’s another?

Pepperidge Farms remembers when Bottomless Pit was $15 on TCG Player an we have the data to prove it. A $15 price tag on a niche uncommon was never going to be sustainable, but it hit $5 on Card Kingdom before it sold out and by the time everyone restocked, no one cared. You can get Bottomless Pit for $1.50 on Card Kingdom, like 25% of what its buylist price was during the throes of Tinybones fever. I think it’s a buy if Tergrid is here to stay, but it may take more than one deck to make it stick above $5. I think Tergrid is more devastating and easier to get than Tinybones and I think it could help people out who bought Pit at $4 trying to get that fabled $15 and ended up holding the bag. Is that you? Shhhh, be quiet, put your hand down. You don’t have to admit it in front of everyone, just do something about it. You have another chance to break even, maybe better, and you should take it.

Here’s a very interesting case and I think it highlights the difference between a Saga rare and a Stronghold uncommon. Oppression, despite not seeing a ton of new play outside of Tinybones, never saw a drop-off in its price and it’s a solid Hamilton on TCG Player. Not just that, the solid Hamilton on TCG Player is its all-time high.

Freaky. It seems like there are so cards that just needed a nudge. Want to see something even crazier? Oppression got a reprint.

Figure that out.

It seems like the next time we get some Tinybones-tier card that makes people look at older cards that were too symmetrical and punishing to get a serious look, they may be safer if they’re old rares, even with reprintings. I’m looking at Yurlok, I guess. Is Citadel of Pain the Bottomless Pit in this scenario?

Not yet, but it’s too soon to tell.

This former bulk rare never retraced, either. It is looking more and more like Bottomless Pit suffered from a conspicuous buyout that sent people scrambling to the LGS to find the $0.75 copies to try and buylist for $8 that a slow, steady climb experienced by Lethomancer didn’t trigger. I also think people didn’t realize there were quite so many Bottomless Pit effects and if they didn’t check EDHREC to see what was going into Tinybones, they might not have known of any. Whatever the case is, I think Lethomancer is on its way farther up, not down. I think a lot of the Tinybones specs are in play, and I think another class of cards is on the way up, too.

A These Cards On Thy House

It’s Pox o’clock, baby!

This makes them discard AND sac creatures so with Tergrid out, you’re going to absolutely house the opposition. This is a ridiculous blowout and it’s why Tergrid is going to be so much better than Tinybones. Tinybones made everyone have an empty hand except you got to Phyrexian Arena on every end step but everyone hated you and blew their topdecks trying to take you out. Tergrid just straight robs them of a fighting chance. You can get hit by symmetrical discard effects and it doesn’t matter because you’re getting a ton of free perms.

Here, a foil spec idea. Don’t say I never did anything nice for the people who like foils for some reason. This is off of an all-time high of around $15 so a second spike is going to be… well, precipitous. Or not, what do I know about foils? This is also a $4 foil in Conspiracy and M12 but the art sucks.

I am going to be watching Death Cloud very closely. We are seeing two factors fight each other and I want to see who wins.

Factor 1 – There are 2 printings of this card, the second of which is Modern Masters.

Factor 2 – This seems almost tailor-made for a blowout scenario like Tergrid being in play. It’s irresponsible to build Tergrid without Death Cloud.

This card flirted with $5 without a brutal card like Tergrid to give it a boost, so I think sub-$3 you are in excellent shape.

Oppression didn’t go down post-Tinybones, I really don’t expect this price trend to do anything but get… precipitous-er. This is on its way to $10 anyway, and I’m glad Tergrid made us notice.

Here is the Tergrid page, you can figure out what you think will go up and argue with me in the comments for omitting something you like.

What would have happened to Tinybones cards if not for Tergrid coming along within 6 months? It’s hard to say, but I do think Tergrid could make the ones that didn’t retrace go up even more, you know, p-wordly and I think new ones like Pox and Death Cloud could be along for the ride. As a financier, I hope Tergrid demand is organic and the specs pay off and you have plenty of time to get out. As someone who likes to play EDH, I hope no one builds this bull$^&* deck and Wizards stops making cards like this.

That does it for me! Thanks for reading and don’t forget to argue with me in the comments or on Discord. Until next time!

Readers!

I don’t like EDH foils. I don’t like recommending a card to hundreds of readers when there are like 5 copies of a card left. I don’t like how my Commander Legends foils are curling, but not in the middle so they are straight trash already. I don’t like the fact that Collector Boosters have made foils and non-foils for regular, non-full-art cards basically the same price. I don’t like how foils are LP right out of the pack if the booster was jostled in transit or if you breathe directly on them before you get them in a perfect fit. You can tell me I’m wrong, but you’d be arguing with a personal preference which is a bananas thing for you to do.

Whether or not I like foils, I still feel duty-bound to advocate buying them when I deem it appropriate. I have been informed by MtG Price management that there are times I deem it appropriate. Fine. Fair enough. In fact, there does seem to be a case made for foils, and it’s case that I am going to add another preamble paragraph to qualify.

What I am about to say is speculation. I realize that’s what we do and I got started at a website that literally had “speculation” in its name (we sold gynecological equipment), but lately I have gotten hooked on a drug called “being right” and I am not ready to go back to freebasing “maybe being right” like it’s 2009. That said, this is advice, not instructions, so you’re free to find my case compelling or not. Today, we’re going to talk about foils and how trash they are right now and whether that is an opportunity or not.

I almost wrote today’s article about Double Masters, but apparently I JUST did that. However, looking at Double Masters prices made me realize foils are real weird right now.

Here is the non-foil from Commander 2017

Here is the foil from Double Masters.

Granted, the non-foil from Double Masters is considerably cheaper, but let’s compare these two cards. Is it comparing apples and oranges? Maybe, but perhaps you don’t know whether to buy apples or oranges and they’re the same price right now. Do you think apples or oranges will be worth more in a year? Yeah, bet you didn’t think I’d welcome that apples and oranges comparison, did you? You look ridiculous.

Historically, you’d want “apples” which I guess are foils because apples are sometimes shiny. Foils have a smaller supply so they tend to grow at a faster rate and have a higher ceiling. So do you buy the $6 masters non-foil, the $11 commander non-foil or the $10 masters foil?

I think the $5 non-foil running around makes the $11 non-foil look a lot less attractive. Those prices won’t grow at the same rate, at a certain point they’ll converge. The commander non-foil might come down in price, or the masters non-foil will rise to meet it, or both, but they’ll definitely converge, barring another reprint to muddy the waters.

Aetherflux went from a Washington to a Hamilton. What happened to the foil over the same period?

It went from $5 to $25, but back down again. The Mystery Booster printing didn’t affect the price of the foil, obviously but it plateaued. This is kind of why I don’t love foils. What about something from the same era that didn’t get a mystery booster printing?

The non-foil went from a Washington to a Hamilton as well. What did the foil do?

We’re not seeing much of a foil multiplier on EDH staples from before Collector Boosters, and it’s worse after.

Here is set non-foil.

Here is set foil. Yes, I double checked. So why is the non-foil still the same as the foil months later? It’s because there is a new foil in town.

The extended art foil is twice as much as both the non-foil and foil with the regular border. I think instead of seeing the foil diverge from the non-foil like we used to, we’re going to see the extended art foils and non-foils do the diverging from the regular border versions. The question is, in a year or two, will the extended art non-foils be worth more than the set foils?

It’s hard to say for cheap, non-mythics. Let’s take a look at a Mythic from the same set.

This is murky. Let’s take a look at a profoundly different alternate art card.

Finally, we see a foil multiplier! Even more interestingly, pricing trend data suggests this is actually at its floor despite the foil climbing slightly over the same time period.

If the foil showcase version is falling a bit and the non-foil is climbing, will they swap and the non-foil will be more expensive? Of course not. Will they converge until they’re within a buck of each other like the regular border? Also doubtful. It seems to me for unique, alternate art cards like these, you’ll see the hierarchy you expect – Set non-foil > Showcase non-foil > Set foil > Showcase foil. We aren’t seeing that right now, though, with this triome at least.

However, we are for some other triomes.

What does it all mean?

I think the set foil’s time is over. With quite a few alternate art non-foils being worth more than the set foil, it seems like people have expressed their preference for “special” cards that aren’t foil. However, the data isn’t conclusive enough to say that there is a clear preference. People may end up being divided and with 4 versions of every card to choose from rather than just 2, the most “special’ version may be a matter of opinion.

I think it’s clear that the “best” version is the alternate art foil where possible, and even on cards like Lotus Cobra and Moraug which haven’t shown they’re likely to follow that trend just yet, we’ll see that in a year or two. WotC has a tendency to re-use special art, though, so it’s not like the alternate art completely insulates the card from reprints, but I believe it does help.

I still don’t like foils very much. They get scuffed easily making them easy to get devalued, I have a hard time moving them, there are fewer copies usually so it’s tough to recommend a small pile to a large audience. I’ve said all of this. What I will say is that I think despite showcase foils coming out of the gate very expensive, they are apparently calming down after a few months and I think they could be excellent buys.

Since I didn’t really recommend any cards, I think I’ll do that now.

This is going to keep getting reprinted, but I am not sure how many more extended borders versions there will be. $25 seems decent, but I bet it comes down. Watch the price and if this goes below $20, that has to be the floor or close to it, right?

Three Visits is an OK card that was sort of hyped partly based on its scarcity before, but I also think that a mere 2x multiplier on a card that’s getting used more and more now that it’s not long priced out of decks is small and will likely end up a 4x or 5x barring another reprint of a special version.

This is worth a 3rd as much as the Green one.

Is 1620 more than 1568? Yes. Is it 3 times as much? Nope! Sure ain’t. I think that means that even if the Green one is overpriced (it might be) the Black one is still underpriced. The White one is played less than Green and more than Black and it’s at $17. I like Ambition a lot because it’s the only one I think won’t go down before going up. Watch all 4 (the red one kinda sucks).

The triomes tanked a bit after printing, but War Room seems like it’s starting to disappear under $20. I’d watch it and see if copies around $12 re-appear to replace the ones that sell or if $12 is the floor.

That does it for me this week. I don’t understand foils as well as I would like but I feel like I supported my position with data, which is all I can do. You’re free to make up your own mind and argue with me in the comments – I welcome it. If you’d rather argue with me privately in a Discord server, become a Pro Trader today and have access to that feature as well. Whatever you do, don’t buy like it’s 2012 and I won’t write like it is. Until next time!