Grinder Finance – Battle for Zendikar… Fetch lands

Well this news is old by now.  If you saw the earth-shattering announcement from Mark Rosewater:

Source http://markrosewater.tumblr.com/
Source http://markrosewater.tumblr.com/

 

As you can imagine from the staggering 1,150 notes, there was a lot to be said about this announcement.  No fetch land reprints!?  What is Wizards of the Coast thinking!? Well I will tell you fine Magic playing fellows, they were thinking they didn’t need to be reprinted.  Modern just received a huge infusion of fetch lands that were not even previously legal only a year ago.

fetches

I’m going to take a quick second before I continue to urge you to buy your Khans of Tarkir fetch lands.  Don’t finish that one sweet EDH deck you’ve been working on for months.  Don’t buy into the UR Mill deck that just won Grand Prix San Diego last week.  Do yourself a favor and just get your set of lands.  And then go out and tell your friends to get theirs too.  There is no place these cards can go but up.

We now return to your regularly scheduled programming.

So yeah, Wizards was thinking that a fall set filled with lands that haven’t been printed since their original release in October of 2002 would be better.  You know, like 13 years ago.  So when you look at it like that ,there really isn’t a reason to complain about the Zendikar lands not being reprinted a mere 6 years later (Zendikar was released in October of 2009).

And then came the announcement that kind of felt like this.  People panicked!  What else are you supposed to do?  They’re not getting printed!  Well a product of nobody being prepared was really just a reasonable price for what Zendikar lands were available.  And then quickly not available as people became prepared.  The buyout was not silent but very deadly.  Over night, as you may have noticed, every Zendikar fetch land has doubled in price.  Is it going to stay that way? Probably not forever.  Is it worth buying them now? Probably not anymore.

What a lot of people tend to forget is how powerful the Khans of Tarkir ones are in Modern.  Many decks don’t actually need enemy colored fetch lands to function.  There are one and a half exceptions to this.  Jund is a deck that is pretty much unplayable without Verdant Catacombs.  The main reason is you need to be able to fetch basic Swamp and basic Forest in order to play effectively around Blood Moon.  But to be completely realistic, there is no way you’re able to afford the spells in Jund and not the lands.  Any deck that plays 4 Tarmogoyfs is generally no longer shackled by the price of it’s lands.

The other land that sees a tremendous amount of play in modern from Zendikar is Scalding Tarn.  This land is by far the most expensive and probably the most widely played.  It’s also pretty replaceable.  The reason fetch lands see such high play is the ability to fetch Ravnica shock lands but also to fetch basic lands to beat Blood Moon.  If your deck has 1 Steam Vents in it then you can play Scalding Tarn, Arid Mesa, Misty Rainforest, Bloodstained Mire, Wooded Foothills, Polluted Delta, or Flooded Strand to fetch it.  If those are you only concerns you have a ton of choices of lands to play!  Unfortunately it is not that simple, you need access to appropriate basics.  As a frequent fetcher of Islands, I can safely say that Scalding Tarn could be replaced with Polluted Delta, Flooded Strand, or Misty Rainforest while only sacrificing tiny percentage points in your matches.  The reality is there is not a lot of situations you want to fetch basic Mountain and therefore any Island fetch land will suffice.  Modern has long been a Steam Vents vs Overgrown Tomb format and the reality is you almost never need to fetch basic Mountain.

Where do we go from here? Just play other Island fetch lands in your decks.  You can play Modern and you will not likely lose to your inability to fetch a basic Mountain.  If you want to play a Green and Black deck, well I have no alternative to offer you other than to buy Verdant Catacombs.  It sucks they’re really expensive but there is truly no other alternative.  Other than you know, the decks that don’t play fetch lands…

Which brings us to our Daily Double

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Well if you can’t buy cards, you can always sell cards, right?  Now I think is time to get out of any short term specs you have for Magic Origins. I personally have been selling out of a ton.

Jace

You know what to do when you double on a spec?  Get out while you still can!  I picked up 3 Jace, Vryn’s Prodigy on Pucatrade for 1500 Pucapoints near release (about $15).  I was able to sell them locally to a player for $30 per copy and plan to buy them back in October during Battle for Zendikar hype.

Demonic Pact

I sold these when the Pro Tour spike was in effect but I don’t think they’re terrible good to hold onto when they have a fair trade price of $9.25.  I think it will quickly drop down to a $5 niche rare until it spikes another tournament.  The risk that these fall before another spike is too high for my liking.

Languish Nissa

 

If you own these and don’t play Abzan there is not really any reason to keep them.  Nissa is a $25 Borderland Ranger in a deck that is clogged at 3 more than a toilet at a frat party.  With Hero’s Downfall, Deathmist Raptor, Courser of Kruphix, Abzan Charm, Anafenza the Foremost, and more at 3, there is little reason this will see enough copies to maintain it’s price.  Similarly Languish has been described in Patrick Chapin’s podcast as a “Poor man’s drown in sorrow and a poor man’s crux of fate”.  The reality of the spell is it’s unlikely to get played in huge enough numbers to continue to hold it’s price tag that is 4 times as much as Crux of Fate.

mtg ghostfire blade

This card isn’t worth much but it’s worth more than nothing.  It takes a lot for a card to be more than bulk in Khans of Tarkir due to the fetch lands taking up so much of the set’s value.  Enjoy this short boost in value by trading your copies out.

Bull Market

pr218_thragtusk

There are some cards I think are still good pickups right now and have been acquiring them myself.

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Low mana cost flexible mythic rare from a small set?  This is practically the textbook definition of “could be worth a ton.”  With the rotation of Elvish Mystic there is a real premium on good 1 drops that aren’t Red.  It’s unlikely Abzan is going anywhere and with the rotation of Fleecemane Lion there are a lot less good things to do on turn 2.  There are a lot worse places you could put your money than on this sub $4 card.

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So this card is pretty close to bulk and I don’t foresee that staying that way in the future.  The big difference between this and a lot of similar effects is that YOU choose everything.  Is your best guy better than their worst guy? That’s pretty good because that’s the board state after this card.  At a fair trade value of $0.69 there is little to lose by buying in now.  It’s picking up a ton of steam on Pucatrade too.  That has been a fairly good indicator that players value the card more than it’s current price.  I also think the foil at $2ish is probably a good pickup as it does similar things to an EDH game.

And with this extra long edition of Grinder Finance I hope you all did great at Game Day and are ready for our first taste of Battle for Zendikar spoilers.  I expect we will see some big reveals August 28-31st at Pax Prime.

 

PROTRADER: Making Magic More Convenient for You and Your Customers

A common trope in the Magic community these days is that of players quitting (or threatening to quit) Magic Online in favor of Hearthstone. There seems to be universal recognition that Hearthstone is an inferior game, and although the client for HS is better than MTGO, it’s not perfect by any means, as anyone who has played Blizzard’s game a fair amount can tell you.

What, then, is causing this constant stream of players threatening to quit Magic Online in favor of a lesser game? Anyone who has played Magic Online for an extended period can answer this one: convenience and time commitment. Hearthstone allows players to jump in, get playing within minutes, and spend as little or as much time as they want on the game. Magic Online, on the other hand, requires a minimum time commitment of at least two hours for anything other than two-player queues, which have been historically poor value—and you’ll probably have to sell some cards to get some tickets to buy some packs in order to get the best price on your entry fee.

People love convenience. They’ll always take the path of least resistance, even if it means moving to a lower-tier product. Adapting to this knowledge can help you better serve your customers and better attract players to sell you cards. You can also takes steps to save Future You™ time, making your life more convenient.

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ProTrader: Magic doesn’t have to be expensive.

 

Apples and Oranges

The apples and oranges of MTGFinance might be clear cut to some, however to others they can lead to mistakes that make Magic a very frustrating game to play on a set-to-set basis when considering the financial aspect of the game. These are some of the areas of interest that we all are aware of but sometimes think that the application of one area can apply similarly to the another in exactly the same way. The differences are subtle, but can make a world of difference when you consider the ramifications.

Let’s take a look at some of these scenarios and see where the differences lie.

Print mtg1

Example One – I’m buying or trading into my Standard cards for the next few months by closely watching Pro Tour coverage, and making my decision based on the the results seen. My friend is also making these same decisions at the same time but instead of watching Pro Tour coverage he is instead following the advice of Twitter personalities (finance or otherwise) in order to make his decisions.

Here, we might wrongfully assume that these two scenarios are basically the same thing. However, picking cards through watching coverage is vastly different than using Twitter to decide on which cards are the best to get in on. Twitter in this case can actually be much slower, and the reason why is the old adage “If someone already is talking about something it’s too late.” Also, by watching coverage you can actually see just how powerful the card in question really is. Did the card make an actual, significant impact on the game? Or was it just a “win-more” card that supplemented the game but wasn’t the vital piece of the deck’s strategy? A picture is worth 1,000 words and video coverage is almost impossible to convey in 140 character blurbs.

The reason I mention this is because even I myself have been burned in the past by thinking that Twitter is enough to see where card prices are going based on weekend results. The real gains come from a more in-depth look at the weekend, including watching live coverage and also deck analysis (if you have insider access to SCG premium for example) prior to the event.

In this example, both players would be on the same level if they both analyzed results on a deeper level.

mtg4

mtg3

Example Two – I have a great idea for a spec, and want to buy in on that spec in mass quantities before the market catches up to the real demand. So, I buy 300 copies of the card all at less than $1. The card is from the Commander product series and does see an increase from $0.75 to $4 within the next week.

My friend also decides to spec on a card, and he buys in on 300 copies of his card as well. The card is from a Standard legal set and also goes from (let’s say) $0.50 to $3 overnight as results from the latest tournament roll in. We’re both going to making bank, right?

Well, here you would (almost always) be dead wrong. Commander speculations are certainly great, however they are always for the long term – when making a Commander speculation I know that I am going to hold onto that card for at least one year before I can start largely liquidating the stock. Standard, on the other hand, everyone wants because it is the most popular format. That card that my friend speculated on will be super easy to liquidate since all the big retailers are going to want 20+ copies each, and will continue to want them as they keep selling out of stock. This also means that the buylist price will stay higher for a longer time since the demand is just so much greater. Niche cards tend to have their buylist prices decreased once supply is filled since stores run out of stock less often.

This is why for Commander I prefer to stock up on foil versions of popular cards rather than non-foil versions, simply because as they age they will go up even more in value than non-foil versions and I get the added benefit of being able to easily sell them on eBay since many players pick up foils through that medium. I’ve got a solid binder of Commander foils that keeps appreciating nicely over the years, and I attribute it to my philosophy on trying to get foil versions of Commander cards over non-foil.

mtg5           mtg6

Example Three – I keep a running tab of my purchases, sells, and profit margins through a spreadsheet that I maintain myself. My friend uses several different sources to keep track of progress – PucaTrade, Deckbox, MTGPrice, etc. We both know exactly where we stand in terms of net profits, right?

Here, the line becomes more blurred between apples looking more like oranges but I still feel that these two separate methods are distinct in a very big way. Time management. Managing your own spreadsheet of gains and losses, trades and buylist sells, can be exhausting and it doesn’t have to be that way. I used to spend hours combing through my list, sometimes daily, to see where I was headed in terms of boosting the value of my collection. Now, the internet and programming have made much that management very efficient. Utilizing tools like PucaTrade, Deckbox, and MTGPrice to keep track of a collection is nothing short of incredible. Only slight updates are needed and the system takes care of the rest. Sure, there are still time management issues when it comes to inputting large amounts of cards at a time (which hopefully will be resolved as picture scanning software becomes more usable for both commercial and private ventures) but hopefully as time goes on it will become less painful to manage larger and larger collections.

Look Out for Differences!

I hope that this article has shown you that there are differences, however slight, in the way that scenarios are setup that can lead to hugely different outcomes when dealing with the financial side of Magic. I’ve shared my top three scenarios that I find can sometimes mislead players into thinking they will get the same outcome as someone else, however did you have any other scenarios in mind when reading this article that you also think are pretty relevant to Magic (or more specifically MTG Finance) ?

I’m always on the lookout for more ways in which things appear to be the same but are actually different, for it is in this way in which we find the best path to compare methods and to see the optimal way to improve them.

PROTRADER: A Deep Dive Into Fetch Lands

It’s been nearly three years since we saw the reprint of shock lands. In other words it’s been three years since dozens of MTG speculators invested in fistfuls of the Modern dual land – it was the beginning of a long, arduous journey…a journey with few bumps and even fewer profits. If bonds are seen as safe, unexciting investments then RtR shock lands are the epitome of MTG bonds. Except, with shocks there were no distributions or dividends.

Naturally, when Khans of Tarkir brought us the Onslaught fetch land reprint, many financiers, myself included, were leery of the investment opportunity. Could this be another shock land debacle? Would fetches be reprinted again and again in subsequent sets, making all prospect of profits virtually absent?

I’ll be first to admit I thought the answer to these two questions was “yes.” Acting cautiously as always, I limited my exposure to Khans fetches to no more than around twenty copies. When I shifted focus towards a portfolio refresh via massive liquidation at GP Vegas, I unloaded the vast majority of my Khans fetches. Fortunately, I made a handy profit on this pursuit. Unfortunately, I missed out on additional gains.

I hadn’t foreseen this:

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MAGIC: THE GATHERING FINANCE ARTICLES AND COMMUNITY