Pressing Pause On Puca

By: Cliff Daigle

I am pausing in the quest for another Gaea’s Cradle.

Like many people on PucaTrade, I’m a big fan of trading my current Standard cards at full value in order to work towards a larger-value card.

I’ve sent off random stuff that no one in their right mind would ever take in full value towards the Cradle. A playset of Kabira Evangel? New Drana, Liberator of Malakir back when it was at $17? Solid all the way around.

I was about to start sending off my leftover fetch lands when I saw on Twitter that people are buying PucaPoints at the rate of $0.67 per 100 points, or $67 for 10,000 points.

Now I’m quite concerned and I don’t think I am going to be a part of this economy for a little while.

PucaTrade has always allowed people to buy points from them, at the cost of $1 for 100 points, a very easy and direct conversion rate. Their card prices are usually within a few percentage points of MTGPrice’s Fair Trade Price, though they have their own system for establishing that value.

For example, Flooded Strand has a price here of $22.54, while it’s 2156 points on Puca. Seems legit enough, right?

If you have an Uncommon or Rare-level account, you can transfer PucaPoints to other users. This is useful if you want to advertise a bonus for Expeditions lands, or something along those lines. It also allows you to post on assorted social media that your points can be bought, and that is where I start getting concerned.

Let’s go back to Gaea’s Cradle, as it’s been a target of mine for a while.

It’s currently got a FTP of $182, and is worth 17336 PucaPoints. This is the magic and the promise of PucaTrade, because I could trade about 8 Flooded Strands from Khans of Tarkir for one Cradle and I would do that in a heartbeat. Puca has an issue of needing to wait for someone to decide to mail out that Cradle, but that’s not the focus today.

The possible trade of eight Strands for the Cradle presumes that everything is of equal value, but when cash is introduced, the values start to skew.

Let’s look deeper at the Cradle. It’s buylisting for $118 at best, and eBay auctions are closing at about $120, with some variation on condition or bidding wars. That’s very close to 66% of the card’s value when it comes to cash, and that’s in line with expectations. We accept that retail value in a trade is not the same as cash value, and it’s why you should generally run away from people who want to price your cards at buylist.

To a casual player, Puca’s philosophy is that you are getting full value, but if you can buy points at this rate (and it may have farther to fall!) then you won’t be getting the full return. This level of availability for points makes me very nervous. It’s inflationary, and I’m going to leave it to people more versed in economics to explain the cycle and the problems.

The short version is this: If I’m paying full price in trade, I am worried that someone is swooping in and paying two-thirds of its value. I don’t want to be part of this economy, especially if the points start to lower further in cash value.

I’m not calling for the end of PucaTrade. I’m saying that this trend of cash affecting the Puca economy as something that makes me very worried.

It’s true that this is more about my perception, my feelings, my concerns. Cash has always had a warping effect on the Magic economy, and points being sold for two-thirds of their value makes the Puca economy the same as eBay or TCGPlayer or buylists.

From the other end, though, I can’t argue with the value. If you want to acquire cards for less than retail, you’re going to have to pay cash. Buying points is a very easy way to get the points you want without a lot of the legwork.

It seems like such a hassle to me, though. Going back to the Cradle example, I’d need to spend about $120 to get the points I need, and then I have to wait. There’s only three people who want the nonfoil as of this writing, and only one person has the points and the desire for the judge foil version.

Wouldn’t it be easier to just hit up eBay at that point? If I want to spend the cash, then I should be able to get what I want that much faster.

I’ve never pretended to be a big-dollar spender. In fact, I’m quite the opposite. I try hard not to buy singles. It’s not hard for me to think that I spend less on Magic that any of the writers here. I have to say that PucaTrade’s model has been a great one for me, and I would hate to see it be warped and changed.

It’s entirely possible that I’m overthinking this. The sky isn’t falling, but I don’t like the look of the clouds. Please, add a comment below and tell me why I’m right or why I’m wrong.


 

Brainstorm Brewery #173 – Darker than Animorphs

Brainstorm Brewery #173- Darker than Animorphs

I’m going to level with you. I don’t remember anything about recording this episode. I think it was a good one. We talked about a lot of non-Magic stuff, so, you’re welcome, I guess. We discussed Animorphs at one point? I’m not entirely sure that even made the cast. We talked about the weird new Wastes card (I think). I wish I could blame substances for not remembering but I literally just have no excuse. If you want to listen to the episode and send us show notes, we’ll send you tokens or something.

 

 

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Dimes Versus Dollars

I have not been on top of my game recently, and I apologize for that. I’ve had a lot more schoolwork and mentoring work on my plate than I expected to over the past month, and the quality of my articles has suffered so that they have not been the fountains of knowledge that they used to be.

Another problem that I’ve been having recently is that I don’t have as strong of a niche as some of my fellow writers on this website. Jason Alt gets to handle a format of otherwise “unplayable ten drops” for people who want to pretend that they still play Magic, and Jim Casale handles the “grinder” aspect of the game to help all of you who actually do play Magic. Sigmund is skilled at tying in “real life” finance and investing to the Magic market, and he’s also got a pretty solid handle on this Old-School Magic thing. I should probably sit down and talk to him about that format one day, but I just keep getting too distracted. “Tell me about the war, Grandpa!” I ask him, but then it’s time for his afternoon nap and I have to wait another day.

Oh, and I try to focus on collection buying and building a personal brand as a vendor. That’s supposed to be my area of expertise, if you can call it that.

The Problem

There’s an inherent problem with collection buying though. Well, not collection buying itself. Buying cards at buylist prices is awesome; writing about it can sometimes be another story, though. While EDH, Standard, Modern, and real-world finance comparisons continue to change and evolve based on the new products and information that Wizards provides us, the rules for collection buying largely stay the same.

I don’t exactly expect WOTC to start selling “collection buying” kits that come with $1000 cash, a buy mat, and business cards, so as an ex-grinder trying to teach the transition toward “friendly local guy or girl who has what you need, whether it be cash or cards,” it can be difficult to come up with new material when there’s not a new breadth of information that applies to us. I’m often at a loss for words on the night of my deadline when all I can think of in terms of helpful advice is, “Wait until people need to sell cards at buylist prices, then buy those cards at buylist prices.”

A Little Help

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Thankfully, I have at least a few people out there who haven’t stopped reading my content (yet), and are willing to provide constructive criticism. I was having a conversation with one of my readers earlier this week, and he gave me some excellent advice that I think will help me focus on this specific topic more, and by extension I hope that will be helpful to you. I’ve already written on bulk rares quite a bit in the past, and why they’re one of the safest purchases that you can possibly make in the game, as long as you don’t overpay on them. They’re versatile, easy to convert back into cash, and they allow you to bridge the gap between competitive and casual players very easily.

I hope that with the hint from the title, and my follow up on that paragraph of helpful advice, you can see where I’m going this week. Well, if you follow me on Twitter then that helps too.

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Three yes votes? Good enough for me—let’s go. While I’ve extensively covered what I have personally nicknamed “true bulk” rares, I’m going to expend on that topic a bit by giving a closer examination to “fake” bulk rares.

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The above is a picture of (mostly) true bulk rares. These will have a TCGplayer mid average price tag of 75 cents or lower, and no buylist will touch them as actual distinct cards. Most stores who buy true bulk rares do so at a rate of 10 cents a piece, although sometimes you’ll get lucky and find a vendor shelling out 12 cents at a Grand Prix. These are the vendors that you’ll likely want to cash out to, and I highly recommend Card Advantage (the United States one anyway) for ousting your bulk rares.

So what’s a fake bulk rare then? Well, they pretend to be higher then bulk, but only if you take a quick glance at the TCGplayer mid or SCG price that so many players know and love. That price will usually waver anywhere from $1 to $2 depending on the site that you use, but the important number that us financiers care about is the always-precious buylist price.

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If you’ve been buying some collections, decks, and lots from players as a result of reading my articles, great! I’ve always advocated waiting until you can find things for buylist prices, as it’s usually the most effective way to flip something relatively quickly for a solid profit. Someone needs to sell an Overgrown Tomb to buy a milkshake or pair of comfortable cargo shorts? Give them $3 or $4, then go throw it up on TCGplayer when you get home.

tomb

When you’re dealing with staples above $4 or $5, it’s much easier to use 50 percent of the average price as an approximate guesstimate line because you have more of a profit margin to work with. It’s fine to pay $60 on a Liliana of the Veil, because you know that the highest buylist price is $65 for you emergency out, and you’ll get $73 or $74 after fees if you throw it up on TCGplayer or eBay. (Hinty hint-hint: you’ll probably get more on Facebook)

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What Does This Have to Do with “Fake” Bulk Rares?

Well, your margins are a lot smaller when you’re buying cards that only have a TCGplayer mid of $1 to $2. If you settle into the mindset that true bulk rares are the only actual bulk rares in Magic, then you’ll end up overpaying and losing money when you’re handing out 50 percent of TCGplayer prices when you’re buying Beastcaller Savants. (Disclaimer: CCG House is paying 50 cents cash on Beastcaller Savants, and they want multiple playsets. It’s ridiculous. This is basically unheard of for a card that has otherwise depreciated to the point of being a bulk rare when it’s viewed through the lens of a vendor.)

beastcaller savant

Instead of shelling out 50 cents a piece on these when Ben the Standard player wants to cash out on the remains of a Battle for Zendikar case that he received as a Christmas present, you lump these in with the bulk rares. If you’re feeling like a jolly Santa, you pay 25 cents.

“But DJ! The TCGplayer mid of that card is $1, how can you rip me off and pay 10 percent of the cash value on a card like that?”                  –Ben, who is woefully misinformed about the cash value of his card

This is the part where you get to choose what to do. You have control over this situation; it’s like one of those Choose Your Own Adventure books that I read in fourth grade (and got like six reading points for each book, even though it’s obviously not a “full book” and I only had to read like 30 pages to get to the end). You can choose to A) Educate him by pointing to this article, B) Explain a summarized version of this article to him and let Ben know that he would be hard-pressed to get even 25 cents for the card, even if he were to sell on Facebook, or C) Don’t bother explaining the economics of everything to him if he seems genuinely offended and expecting to get 50 cents, and just let him keep the card.

beastcaller

You’ll notice that I have some other Battle for Zendikar rares in that pile of garbage, like Radiant Flames and Scatter to the Winds. I paid 25 cents each on the Radiant Flames, and 10 cents each on the Scatters. That’s not a brag about how I’m going to make 400-percent profit on each of those cards, because that’s probably not going to happen. Nobody wants to pay the full TCGplayer retail price on a dollar rare like that, unless they’re inside the convention hall on the morning of a tournament and in a desperate situation to find the card.

So Why Should I Acquire “Fake” Bulk?

I’m glad you asked. While these cards are almost impossible to sell for a significant profit margin, trading these off to Standard players who “need a set” or “might play these in the future” is definitely the play. Because they teeter on the edge of fringe playability in one format or another, you’ll have much more success using them to bump the value of larger scale trades when your partner wants to use TCGplayer mid or SCG values. While I don’t think PucaTrade is the worst outlet for fake bulk at it’s crisp and tasty full value of $1 to $2, it’ll be basically impossible to find a trade unless you’re willing to put in a massive amount of time and effort to upload all of your lower value rares, then use a bot or program to help click your trades for you before they’re gone in an instant.

If you happen to be $3 or $4 up on a trade involving Modern and EDH staples and your partner needs to find that amount to cover the difference, grabbing three Scatter to the Winds or Radiant Flames at $1 each can be a quick and easy way to finalize the trade instead of dealing with awkward Modern increments of $5 or $6. Alternatively, you can work up small piles of fake bulk rares into rock-solid casual/EDH cards that can later be sold for a relevant value. One playset of Fathom Feeder for a Blood Artist? Seems fine, especially when our trade partner is a Standard grinder who has no use for a Blood Artist, and might play Esper Dragons in the next couple of months.

Fathom Feeder

Before I make my exit, I want to go over a point that may not have been initially clear. Fake bulk is not always rare, and it’s not always “semi-playable garbage from the most recent Standard sets.” Some fake bulk cards can still have buylist to retail spreads of 90 percent, but manage to hold their demand and retail value exceptionally well. These are usually better known by the term “picks.”

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If you had the option of paying a dime for a Beastcaller Savant or a Pyretic Ritual, where are you throwing your coin? Exactly. Many of these modern, casual, and EDH commons and uncommons share a retail to buylist spread similar to the fake bulk rares that we’ve been learning about, but it’s going to be much easier to find a buyer or trade partner for a playset of Pyretic Rituals, Brainstorms, or a single Alara tri land at $1 per card than you will for a Bring to Light.

If you have the opportunity to pick bulk and end up with a pile like the picture above, I certainly don’t recommend buylisting off those Rituals, Thought Scours, or Delvers at 10 or 25 cents a piece. It’s fine to play the waiting game here until Modern season rolls around, or until a budding Commander fanatic texts you a list of stuff that he needs, but is too cheap for other players at the LGS to have in their binders. If you have it stashed away like my pile above, you’ll be that player’s hero and make a few dollars for nothing.

No “End Step” this week, because I feel like we’ve covered a lot of material already, and all of my other co-writers will have covered the current news to the point where I’d just be beating a dead horse. It feels good to be back and writing about a topic that I think has a shockingly low amount of content, and I enjoy feeling like I’m at least filling some kind of niche in this arsenal of prolific Magic writers. Thanks for reading!

PROTRADER: Buying the Massive Collection

The last 10 days of my life have looked, for the most part, like this: play some Rocket League, sort some cards. Play some Magic Online, take all the turns with the Mono-Blue Extra Turns deck (which is sweet), and sort some cards. Maybe take an hour break or so from a game and sort some cards.

Noticing a trend?

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Two weeks ago, I bought this collection. In all, somewhere between fifty and sixty thousand cards (I’m not done sorting yet to find out). This is not the most expensive collection I’ve ever bought, but it is the largest, card-wise.

People are always asking that I write a little bit about running my store and buying and selling out of it, and I figure this is a good topic. I’m going to break this down into a three-article series. Today, I’m going to talk about the process of actually buying it, the negotiating, pricing, and so on. Next week, I’ll go into detail about how I physically sort a collection this large, and in the final week, I’ll talk about how to sell the cards you’ve found for a profit. It’s my hope this becomes a resource for the future, so I’m going to try and make it as timeless as possible.

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