Conjured Currency, Modern Masters

Immortals

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Welcome back, financiers! Before we get into talking about dollars, cents, and mana symbols, I want to thank everyone for sticking with me for the past 60 articles that I’ve written for Brainstorm Brewery and MTGPrice. I’m extremely excited to be on this Avengers-esque superteam that MTGPrice.com has created, and I have dibs on being Iron Man. We’re in the process of ramping up the benefits that ProTraders on the site receive, so please check out  this video if you’re interested in turning Magic into a more serious form of income that can work for you.

While some of our articles are going behind a paywall, I’m glad to report that my content will remain free to read. Now, let’s get into the real introduction to this week’s topic of discussion.

Reprints and Card Values

“Man, the reprint of Adarkar Valkyrie really killed the value.” How many times have you heard a statement or question similar to that? When done correctly (or incorrectly, depending on your view of the game and whether or not you own the cards), reprints can absolutely destroy the value of a previously expensive card by overloading the supply in the market. Back in the 1990s, Chronicles nearly destroyed the game due to the massive devaluing of collections across the board. We saw (well, I didn’t personally, as Chronicles was released when I was nine months old) the original five elder dragons tank down to fractions of their roughly $25 values.

nicolbolas

Learning from its mistakes, Wizards of the Coast was much more cautious with the print run of the first Modern Masters. Popular and hard to find casual reprints such as Divinity of Pride  and Adarkar Valkyrie were hammered down to 20 percent of their original prices, and they don’t look like they’ll ever be able to recover anytime soon, especially since they both took an additional punch from the Commander products. Other top contenders for largest percentage price drop due to a reprint have been Polluted Delta, Stifle,  and Sanguine Bond.

Thankfully, WOTC has managed to tread the careful line between “Every card being on the Reserved List” and “Going full Yu-Gi-Oh! by reprinting practically everything, all the time”. Today, I want to talk to you about making money (or losing less money) in Magic, and how to utilize reprints to your financial benefit. In the past week or so, I’ve tuned into a subset of cards that, when reprinted, have shown enough consistent demand to warrant buying in at their floors post-reprint, because they will continue to show upward trajectory over the next several months or years.

Immortals

Untitled1 Untitled

I promise that I don’t get extra money in my paycheck for pointing out the benefits of ProTrader, but these daily emails are honestly a huge help in noticing trends that I otherwise wouldn’t. In fact, the detail in these two daily emails sparked my interest for the topic of this week’s article. Blame my lack of attention if you’d like, but I was under the impression that the Conflux edition of Nicol Bolas was still only $5 or $6, closer to the price of his Duel Deck version.

The specific common trait that piqued my interest with both Platinum Angel and Nicol Bolas is that each has been printed at least three times, and yet still managed to climb in price over the next several years after each reprint. While Nicol isn’t cashing out at $20 anymore, he still managed to double up from $5 to $10 since his inclusion in Magic 2013. Platinum Angel was scraping $3 back in 2012 after consecutive printings in two core sets, and has steadily reached a plateau of about $8 since early 2014. If you bought in at the floor of either of these cards post-reprint and had been holding onto them in the past few months, you’d be very happy to sell out now. In addition to the “invisible” profit of the cards going up, these are two extremely iconic and popular cards to the casual crowd, so it shouldn’t be too much of a chore to liquidate multiple copies as long as you have a Facebook account or a TCGplayer store.

I might be exaggerating a bit here when I use the term “immortal,” but these are examples of the cards that shrug off being “killed” by reprints over an extended period of time. They’re spearheaded by popular or unique casual categories (angels, dragons, planeswalkers, having the ability to prevent you from dying), and grow in popularity with the game.

liliana ves

If we continue in the vein of planeswalkers, one of my favorite “immortals” to “speculate” on time and time again has been Liliana Vess. Heh. Get it? She gave her soul for eternal youth, so she’s—eh, forget it. I put speculate in quotations, because I really don’t think there’s a whole lot of risk buying into this version of Liliana every time she drops a bit too far below $10. Liliana Vess has been printed six freaking times, and she still refuses to be a $5 card. While I don’t think we’ll be seeing her again for a while (Magic: Origins will contain the new double-sided Liliana, and then I assume WOTC will be busy trying to prevent her accessorized version from having a $100 price tag. This isn’t to suggest to go out and buy a ton of copies right this moment, but I’ve always been willing to trade for Vess because of how easily she sells, and how casually she shrugs off reprints.

DSeason

Remember when Doubling Season was reprinted in Modern Masters, and went down to $15 from the original Ravnica’s $30? Grabbing a bunch of those at their floor and dumping them today would have provided you with a much nicer investment than most sealed product that you could have purchased around that time, and would have also been easier to move with lower shipping costs. If, for whatever reason, Doubling Season shows up again in Modern Masters 2015(I do not think that this will happen, as I believe Wizards has a plan to implement a different type of Limited environment that Doubling Season would not fit well into) and the price drops to $10, I’ll trade for as many as I can find.

Did Someone Mention Modern Masters 2015?

Oh, would you look at that. We seamlessly segue’d into Modern Masters 2015. What a well-timed coincidence. If you’ve read this far, then you might be thinking; “But DJ, what about Tarmogoyf, Vendilion Clique, and Dark Confidant? They all shrugged off a reprint in Modern Masters, does this mean that they are the same types of card as those listed above? Am I safe to invest in them with their announced Modern Masters 2015 inclusion?” Well, high-pitched puppet hand voice, I’m going to have to go ahead and veto that idea.

The first Modern Masters set was a perfect storm of an extremely limited print run, a massive boom in the number of players wanting to get started in the Modern format, and the fact that opening a very expensive card has the tendency to encourage a player to build a deck containing it. While there will always be some players who are perfectly happy fire selling their prerelease pools, the following adage aptly describes a lot of what happened with the “Tarmogoyf effect” that followed shortly after the release of the first MMA set:

“Give a man a ‘Goyf, and he’s going to want three more.” – Derek Madlem

MMA2015 is already confirmed to have a larger print run than its predecessor, that much is obvious. The major question is whether the print run will have more of a noticeable impact on the top-dollar cards in the set this time around—and I expect that it will. If you were around for the release of the first Modern Masters, you might remember having trouble finding a box even at $250. SCG was selling boxes regularly at $350, but even they sold out relatively quickly. The big difference this time is that while boxes are approximately $250 retail, at least they are readily found everywhere around the web at that price.

Modern Masters ‘Mmortals

Remember that Divinity of Pride and Adarkar Valkyrie were absolutely crushed by their first reprints, and that there will be similar cards that will be targeted this time around. Our goal here is to find the Doubling Seasons of the set, that will take the hard-hitting reprint with a grain of salt, but slowly grow back over time and provide us with a consistent and steady gain. While there will be a larger print run, I have faith that we will be able to find specific casual cards at their floors when the dust settles, and take advantage of their slow and inevitable gains. I’ll point out one today:

Tezzeret the Seeker.full

tezz

What metal-armed, ambitious artificer sounds like a good candidate for the task? Tezzeret has already been locked in for the set, and he fought back from his Duel Deck reprint steadily over time. As these get cast aside and sold off for more ‘Goyf lottery tickets, I can definitely see him plummeting back down to $6 to $7. When he does, I’ll be more than happy to target all of them in trades, or maybe buy in if I’m looking to place my money in a solid long-term hold. If Tezzeret can survive being ripped apart by angry rat ninjas and being mind wiped by Jace, then certainly our “immortal ” half-metal walker can survive a Modern Masters 2015 reprint.

What do you think? Is there anything in Modern Masters 2015—confirmed or expected—that you are targeting at its floor price? Let me know your thoughts in the comments below.

ProTrader, Unlocked ProTrader

UNLOCKED PROTRADER: Spikecatcher

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By Guo Heng

There is a singular interest we all share in mtgfinance regardless of our motivation for engaging in mtgfinance: catching price spikes before they happen. Today’s article covers the tools we could use to help us stay ahead of price spikes. This article aims to be a summary of the resources available to both beginners and experts alike to keep ahead of price spikes, and indeed most of these tools are used by seasoned financiers. Whether you a beginner or an old guard, I hope you would find a thing or two useful in this guide.

Before I go on, let me share with you how I got into mtgfinance.

Why I Mtgfinance

I started Magic way back during Urza’s Destiny when I was a kid. Back then it was all kitchen table Magic and I was playing with a bunch of hand-me-downs from a cousin and whatever junk cards my neighbour, who had a veritable collection, gave me. The only time I had to fog up cash from my allowance was to buy the first dragon I owned, a Two-Headed Dragon (yup, I had something for dragons since I was a kid) and the occasional booster pack.

My first foray into low-level competitive Magic took place during Mirrodin, when I was a teenager. I was playing FNMs on a weekly basis and I managed to throw together an Affinity deck using my measly savings. It sounds unbelievable today, but back in 2003, it was possible to build the best deck in the format without having to spend a fortune. Those were the days where the most expensive Standard chase rares were $10 – $15, before the advent of mythic rares and $40 staples.

I stopped Magic when I went to college. Unfortunately there was no Magic scene where I was studying. I started again during New Phyrexia, at the height of Caw-Blade’s dominance in the format and Jace, the Mind Sculptor became the first Standard-legal card to hit $100. Knowing that Jace and company were about to rotate out, I begrudgingly waited for Innistrad to come out before investing in a competitive deck. It turned out to be a prescient move as Jace and Stoneforge Mystic ended up getting banned in the summer, a few months before they were slated for rotation.

However, come Innistrad, it was still quite expensive to build a tier one deck. Liliana of the Veil hit $50 briefly when Blue-Black Control and Solar Flare became the tier one decks during the early months of Innistrad Standard, and they both ran multiple copies of Lily. I began grinding PTQs during this time and the only reason I could afford to run Blue-Black Control was the fact that I preordered my Snapcasters and Lilianas, which turned out to be one of the rare few times an impulsive decision save me money.

At the same time I started listening to a fledgling podcast, the first ever to focus specifically on mtgfinance, Brainstorm Brewery. Brainstorm Brewery got me hooked on mtgfinance and introduced to me a lot of important fundamentals in mtgfinance.

When the metagame shifted to Blue-White Delver, I was late to adopt that archetype as Geist of Saint Traft, who was a $15 card during the first few months of Innistrad Standard spiked to $25 after Dark Ascension came out and I was finding it hard to justify spending so much on a new archetype. I ended up playing second tier decks, which compromised my tournament results for a couple of months. I reluctantly pulled the trigger and obtained my playset of Geists when he dropped back to $20 in the summer.

One of the things I’ve learned from my first year of grinding the competitive circuit is that the best way to keep up with the ever-evolving Standard metagame is to apply a bit of mtgfinance prescience in acquiring Standard staples. Unless you have access to a deep wallet or a playgroup with a large card pool, the privilege of playing the best deck every week is going to cost an arm and a leg.

The reason I got into mtgfinance is this: I’m a Spike trying to catch competitive staples before they spike. My primary motivation in mtgfinance is to make sure I can play tier one decks as they emerge, or tune my deck to include the latest tech, without having to spend a fortune doing so. Making a bit of money on the side is the icing on the cake and most of my profits end up subsidizing more Magic.

The best way to catch cards before they spike is to identify undervalued cards. Gone are the days where price adjustment moved at such a glacial pace and you can grab cards at their old price a week after the card saw a breakout performance at a large tournament. Card prices are propagated at a speed much faster than the monthly InQuest price list update these days.

Today, in your quest to catch cards before they spike, there are a few tools you should not leave home without. The following are the resources that help me identify undervalued cards and stay ahead of price spikes:

  • The mtgfinance community
  • Spread
  • The Magic Online metagame

The MTGFinance Community

Keeping a finger on the pulse of the mtgfinance community is the most obvious one and I think most of you readers would already be doing this. Below is my reading list for mtgfinance and go-to resources for mtgfinance discussions.

First off are the financiers to follow on Twitter.

MTGPrice writers:

Other mtgfinance writers:

Listening to Brainstorm Brewery is a great way to keep up to date with the latest in mtgfinance. As a ProTrader, you get early access, so don’t skimp on the opportunity to hear the Brew crew’s pick of the week a day before everyone else finds out!

It is also worth checking out format-specific podcasts if you are interested financially in a particular format but do not have the time to engage in the format as much as you’d like to. I love EDH, and I play EDH when I have the time, but being the Spike I am, Standard always takes precedent as it is a PPTQ format. I am interested in the finances of EDH for two reasons: A) I would like to get my foils before they spike. B) Being the most popular casual format, EDH is an important factor to consider when evaluating a card’s long-term potential. The power of EDH-demand as a price driver should never be underestimated. Ugin, the Spirit Dragon is a contemporary example. Recently I have started to listen to The Command Zone and I’ve discovered that a number of cards which I have relegated as unplayable actually commands an interest in EDH.

Lastly, there are the forums. There are two mtgfinance-dedicated subreddits as of writing. The older one, r/mtgfinance is a compendium of articles and the newer one, r/mtgmarketwatch discusses individual cards.

And of course, the ProTrader private forums. If you have yet to check it out, the ProTrader forums is where you could find robust discussions about the latest card trends, the latest financially relevant developments in metagame and tips to help you get cards on the cheap. More importantly, you can find most of us MTGPrice writers actively engaging in the ProTrader forums discussions.

Spread

A card’s spread provides us with a metric to evaluate a card’s future price trajectory in an objective, unbiased manner.  Spread is the percentage difference between a card’s fair trade price and its best buylist price. Spread is an indicator of market demand for a card: if stores are increasing their buylist price while the retail price of a card remains the same, it tells us that:

  1. The demand for the card is increasing.
  2. The card’s current retail price would not likely hold as vendors adjust their retail price to complement their increased buylist price.

Jared Yost wrote a good article on spread a while back and I would definitely recommend reading his article to a more detailed explanation on spread.

A card’s spread could help inform us about likely trajectory of a card. For example, Ugin, the Spirit Dragon‘s surprisingly low spread is a good indicator that we would unlikely see his price tank in the short-term, as Jared elaborated in his Fate Reforged spread review.

Of course, don’t make your decisions based on spread alone. There could be a multitude of factors affecting a card’s spread. Spread is an objective metric to help you decide if a card is undervalued or not on top of your subjective evaluation. For example, Sarkhan Unbroken has a ridiculously low spread of 26% as of writing. His fair trade price is $16.49 while his best buylist price is $12.21!

One of the convenience of using MTGPrice to check the price of singles is the ability to view the buylist price of major vendors in a single page. Upon closer inspection we can see that there is only one vendor who is buying Sarkhan Unbroken at $12.21 (though they are buying 20 copies) and that particular vendor only ramped up their buylist price today. Could it be due to Andrew Cuneo’s spicy Temur ramp list which debut yesterday at the Standard Super League? I would not pick-up my Sarkhan Unbroken yet, unless I see other stores follow suit. If other vendors start ramping up their buylist price for Sarkhan, and if I start seeing Cuneo’s Temur list pop up on Magic Online daily events, or this weekend’s StarCityGames, I would start securing my own copies of Sarkhan Unbroken (disclaimer: I don’t have any Sarkhans yet as I’ve been picking up the blue Dragonlords rather than planeswalkers prior to the overall price spike for Dragon of Tarkir).

Speaking of tournaments, the next resource I use to help inform my mtgfinance pick-ups is the Magic Online metagame. Before I go on to discuss using the Magic Online metagame as a tool to help you identify potential breakout cards, I would like to make a little note about using Magic Online trends to make paper decisions.

Magic Online Trends as Precursors to Paper Trends

Magic Online trends are potent precursors to paper trends during the first few weeks following a set’s release. Magic Online is a testing ground for grinders and pros so when there is increased demand for a particular card, there is good chance the demand would translate into paper Magic soon, when the deck breaks out in large paper tournaments.

Master of Waves started spiking on Magic Online a few days prior to Pro Tour Theros even though it saw no play in the StarCityGames Open during the first weekend of Theros‘ release. The only explanation I could come up with was that the price hike on Magic Online before the Pro Tour was driven by Pro Tour players testing Mono-Blue Devotion, which turned out to be the breakout deck of the Pro Tour. Likewise, Dragonlord Ojutai was the most expensive Dragons of Tarkir card on Magic Online for weeks, but paper Dragonlord Ojutai only overtook the price of Narset Transcendent this week on paper. It should have done so a while back as Narset was barely seeing play while multiple copies of Dragonlord Ojutai were played in both Esper Dragons and Ojutai Bant, two tier one decks in the current Standard metagame.

The weakness of using Magic Online trends as a predictor for paper trends is that Magic Online trends are driven primarily by competitive demand. And it works best only during the first few weeks following a set’s release, before the set’s supply on Magic Online gets bloated by Magic Online’s never-ending drafts.

I could be wrong, and Magic Online price movements could still be a reliable predictor even when the set is relatively mature. But I would need to look more into that, and in the mean time, I would err on the cautious side and only use Magic Online price trends only during the first weeks of a set’s Standard lifespan.

What I am interested in Magic Online however, is the metagame.

The Magic Online Metagame as a Precursor to the Paper Metagame

There are not many good things to be said about Magic Online, but one of them is that Magic Online allows us to peer slightly into the future of the evolving competitive metagame, courtesy of being the testing and practice ground for grinders and pros. The Magic Online impact on the evolution of the Standard metagame was so prevalent that Wizards restricted the publication of Magic Online daily event results to only one daily event per day in their efforts to slow down the rate at which Standard was getting solved. A few years back, we used to be able to see the results of every daily event that took place and there were (and still are) multiple daily events per day.

Whenever a new deck or a novel twist to an existing archetype finishes in the money (3-1 or 4-0) multiple times in Magic Online daily events, there is a good chance we could see it in an upcoming StarCityGames Open or Grand Prix. Larry Swasey took down a Magic Online PTQ with Jeskai Midrange before Mitchell Manders used the same deck to win Grand Prix Bilbao a week later and brought widespread attention to the archetype.

Keeping a close eye on the Magic Online metagame helps you identify emergent archetypes before they debut on paper. That may not translate into finding undervalued cards all the time, as new archetypes using different combinations of old cards would not drive prices.

However, sometimes you may stumble upon the next big thing before it becomes common knowledge. Right now, the most popular deck in the Modern daily events is Grixis Delver. The Modern metagame is not exactly at the forefront of the Magic community right now as the current PPTQ season is Standard and we do not have a major Modern event until Grand Prix Charlotte in mid-June. Grimes’ Delver runs three Tasigur, the Golden Fang. Tasigur is trending down at the moment. I have just completed my playsets of Tasigur last week. But I will be picking up more Tasigurs when Fate Reforged hits peak supply in late May, a month before we switch to the Modern PPTQs. The banana-king may return a profit sooner than I initially expected.

 

Corbin Hosler, ProTrader, Unlocked ProTrader

UNLOCKED PROTRADER: Why I Love Casual Magic, and Why You Should, Too

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Tell me, what do you consider the best spec right now?

Is it Rattleclaw Mystic? After all, the little thing could go nuts if Birds of Paradise isn’t reprinted.

Is it Abrupt Decay? It’s safe from Modern Masters 2015 and could easily go to $20 by this time next summer thanks to incoming product.

What about Flooded Strand or Polluted Delta? Both are great fetch lands, and will be around forever. Staying with Khans of Tarkir, what about Siege Rhino? Surely it’s bottomed.

All of those are good answers, and all of those are varying degrees of good specs. But they’re not the answer I came up with.

My money is on Phenax, God of Deception. Or Kruphix, God of Horizons.

kruphixgodofhorizons

In a Magic world full of Spikes, it’s Johnny that holds my heart.

The Table… You Know Which One

The mythical kitchen table. The place where epic battles are fought and technically terrible games of Magic are played. The place where no one cares about the latest tournament results or that Ulamog costs a million mana, because they will cast him, darn it.

If you’re reading this, chances are you’re on the spikier side. By that, I mean you’ve played Friday Night Magic. You may have even played in a larger tournament, or at least watched the coverage of one. You know the value of your cards and you keep them carefully sleeved.

But the truth is, we are the minority. The majority of players who spend money on this game are more interested in the cards their buddy is playing against them at home than they are in what LSV is sleeving up at the latest major event. People come into my store all the time who have never played outside of their homes. They have no interest in showing up to a tournament—all they want to do is crush their friend’s angel deck at home.

But don’t make the mistake of equating “casual” with “cheap,” because that’s just not the case. In fact, I sell more cards to these “casuals” than I ever do to tournament players.

It’s no surprise, then, that I say I love casual Magic. And so should you.

Casual What?

Before we any further, what exactly defines a “casual” card?

There is no hard-and-fast answer to this question, to be honest. A lot of times people conflate “Commander card” with “casual card.” And while the reality is very different and so are the market ramifications, the truth is they behave similarly pricewise. They’re dirt-cheap when they’re in Standard and typically grow from there, following the opposite path of most newly printed cards. So while I’m not calling them the same thing in theory, the truth is there’s not much difference in reality, at least when it comes to our strategy on them. That said, I’ll let Jason’s series fill you in on the Commander targets, and I’ll take care of the casuals.

Keep in mind everything can be a “casual” card, from the gods I mentioned earlier (I like all of these in the long-term, but especially the two I mentioned since they’re from small sets and are cheap right now) to the random lifegain cards that pop up from time to time. But I’ve done what I can do present at least some general guidelines.

Mill

Archive Trap is nearly $5 and still rising, while Glimpse the Unthinkable is the poster child here at $25. Hell, even Memory Sluice, a random trash common, is 50 cents. These cards are played in zero competitive decks, but still hold their value.

The reason? People love their mill, man. It’s a terrible strategy, but it never goes away. I (gently) tried to explain to a player at FNM last week who tried to convince me that playing one copy of Mind Sculpt in his Magic 2015 flashback Sealed deck was a good idea because, hey, you could mill their good cards!

It doesn’t make sense, but whatever. Just roll with it, and grab those Increasing Confusions as throw-ins or out of bulk piles while you still can. The card has languished for the last two years but has shown a little growth this year, and history tells us it will be $4 to $5 eventually. Obviously you’re looking at a long-term mover here, but it costs you nothing to hoard some of these and forget about them in the spec box.

Angels/Dragons

Without a doubt, these are the two biggest tribes when it comes to casual players. I’ve had people come in and literally say, “I want to buy every angel you have.” In fact, his buddy was with him and then said, “I want all your dragons.” If I didn’t see these two guys with my own eyes, I would never have believed this type of person existed.

But we need look no further than Dragons of Tarkir to the proof of this. Dragons from all over have gone crazy this year, from Scion of the Ur-Dragon to seemingly-random stuff like Utvara Hellkite and Scourge of Valkas. If it’s a dragon, it rose in price this year, and that’s not an accident, nor is it a coincidence that Wizards always includes one or two of these in each set.

There’s a big dropoff after that, but vampires and hydras have also done well historically. Captivating Vampire is $7 despite being in an Intro Deck.

captivatingvampire

There’s one other tribe I have to mention: the little green men. It’s not at all surprising that Wizards stuffed the mono-green Commander deck last year full of elves like Immaculate Magistrate and Imperious Perfect. Even the thrice-printed Elvish Promenade is worth a few bucks. People like their elves.

Lords/Tribal Cards

As much as I wish I was talking about Lord of Atlantis, I’m only doing so in the general sense.

People like to build linear decks at the kitchen table, and often that means tribal. I’m no different: I have a sweet Tribal Treefolk deck that I bust out for 60-card casual rarely, and I love my $4 Dauntless Dourbarks and $8 Timber Protectors.

The reason cards like Timber Protector and Elvish Champion ($4 despite numerous printings) and the aforementioned Captivating Vampire speak to this phenomenon. I’m not saying stock up on Rageblood Shaman (remember when people thought this was a good idea? Ew), but I am saying that stuff like Sliver Hivelord and Sliver Hive are good bets to steadily rise long-term. And I’m absolutely in love with Haven of the Spirit Dragon once it settles down a bit in Standard and falls to $2 or so.

Okay… but Why?

I’ve named a lot of good casual specs so far in this article, but the more important question is… why? What makes them better than speculating on a Standard or Modern card? After all, when those go, they tend to go big.

A few reasons.

Safety

Like I said before, these are almost always cheap at some point. They offer a super low buy-in point, and as such if they go nowhere or are reprinted into oblivion, you’re not losing much. On the other hand, they typically represent very steady gains every year. I know people refer to original duals as the “blue chip stocks” of Magic, but solid casual specs fill that role just as well while also having the advantage of starting out as penny stocks.

Predictability

Casual cards aren’t subject to the whims of the tournament crowd. We’ve all made lots of solid spec calls on competitive cards that never panned out for whatever reason (yes, this is where you remind me of my 94 Splinterfrights). Rattleclaw Mystic, for instance, could be a great spec heading into rotation. On the other hand, if Birds of Paradise is reprinted in Magic: Origins, then the Mystic isn’t going anywhere.

Casual cards don’t behave like that. Haven of the Spirit Dragon isn’t going to be made obsolete any time soon. And even if something similar and maybe better did come along, people are likely just to play both. After all, they can play as many cards as they want in their decks, so why stop at 60 if you have more sweet cards?

Ease of acquisition

As I spoke to above, these cards are not hard to find. Tournament players literally give away these cards or leave them on draft tables. If you want to be the guy grabbing all the Increasing Confusions at your store, no one is going to stop you. You can get these as throw-ins all day long, and no one will care.

And this even works with the obvious ones. I was all over Chromatic Lantern the minute it was printed, and despite it being such an obvious call at $2 people still threw these at me all day long. As we know, Lantern is at an all-time high of nearly $7 and is showing no signs of slowing. And I have a giant stack of these acquired solely through trades. This is not a humble brag: it’s proof of concept. Even when these things seem “obvious” to those of who care about finance, the truth is most players just don’t care.

Buylist Value

This may be a bit more anecdotal, but some of my best experiences buylisting cards comes when those cards are casual ones. Outside of the flavor-of-the-week Standard card, dealers usually have plenty of stock of something. They don’t need another Siege Rhino from you right now, no matter how busted the card is.

But they may need those Timber Protectors or Chromatic Lanterns. After all, the most common way for dealers to buy cards is from players at tournaments, which by default usually means tournament players. Those same players who threw all the Lanterns at me years ago and who don’t have any now.

To get the cards the casual players want to buy from them, stores often pay more on casual staples than they do random competitive cards. This is my experience and is not based on any empirical data, but it’s also how I operate when I buy cards. I have much more confidence in paying a good price for an Asceticism ($7 retail) than I do for a $7 Standard card that may or may not sell and may or may not stay $7 for long.

Keep It Casual

I love casual Magic. You should, too. And before I go, I have a few casual cards I haven’t yet called attention to.

  • Akroma’s Memorial. The Magic 2013 version is at an all-time high of $12, and this was a $20 card before the reprint. It’s going to get there again.
  • Nicol Bolas, Planeswalker is on a tear, and is almost $9. Again, we have what was a $20 card before a reprint. This has seen a lot of growth already this year so it’s not quite as attractive, but this is going to continue to climb.
  • Door of Destinies is at an all-time high of $3.50, and this will continue to climb back toward the $8 it was before the reprint.
  • Rise of the Dark Realms sits at $4.50 after some momentum, and as a mythic this one should rise at a faster clip than the others.
  • Gilded Lotus is also at an all-time high of $6.50 (noticing a theme of “casual reprints in core sets?”) and will be $10 within in a year.
  • Looking further ahead, Darksteel Forge has three printings and hasn’t shown much momentum this year, but it fits the exact same mold as Gilded Lotus, and Darksteel versions of this used to be $12.
  • Dragon Tempest and Dragonlord’s Servant are both on their way to bottoming out, and once they hit near-bulk status they become very good long-term players.
  • Adaptive Automaton is showing some steady progress over the past three months, and is likely due for a correction upward within the next year.

That’s a lot of picks, and truth be told I could go on. But then again, I love casual Magic.

 

Thanks for reading,

Corbin Hosler

@Chosler88 on Twitter

Going Mad, Uncategorized

Going Mad – The Observer Effect

23 Comments

By: Derek Madlem

If you haven’t caught on by now, I’m not your typical #MTGFinance guy. I don’t like graphs or pie charts and I don’t look at the daily gain / loss reports that are generated by various sites. I’ll confess that I don’t even read most of what my compatriots have written outside of Twitter. I often wonder how I ended up writing a weekly column dedicated to Magic finance when I take such an adversarial stance against the concept in general.

The Good Fight

But now I’m on the inside and I like to tell myself that I’m fighting the good fight … dismantling this Diabolic Machine from the inside.Diabolic MachineYou can see me there (sans beard) getting ready to thrust my sword into the evil gears that turn continuously powering this machine of destruction.

Don’t get me wrong, some of what we write about is useful. The basic economics put in Magic terms is hugely beneficial for people’s understandings of card prices and the how and why of their movement.  Understanding supply, demand, and price elasticity goes a long way into understanding how price spikes work. This is great stuff to know.

The finance community has come along way from the weekly articles where Medina taught us different ways to convince a stranger that their cards were worth less than his. But we still do a lot of things that I question.

The Observer Effect

The observer effect is a scientific principle that basically says you can’t measure something without effecting the results of that measurement.

For example, a mercury thermometer can’t take your temperature without absorbing some of the heat your body produces, thus altering your body’s temperature. Another example would be Jane Goodall studying chimpanzees in their natural habitat … you know what doesn’t occur naturally in their habitat? Jane Goodalls. By merely being there to observe, she altered the behavior of those she was observing.

While sometimes the effect of observation is going to be on the impossibly low end of the spectrum, like taking the temperature of the ocean. Other times it’s going to have a direct impact on the results, like you’d see in your psychologists office.

Where am I going with this and does it have to do with Magic cards?

BecvarOne of things you’ll see us Magic financiers do is send out Tweets like this one. We’ll suggest a card publicly because we’re an altruistic bunch and our only interest is to help others. We’re just thinking of the greater good and want everyone to make money. It’s our little way of paying our followers back for making us into the proto-gods that we’ve become in this cottage industry.*

*this paragraph contains copious amounts of sarcasm

Now first I have to admit that I pick Nick for this because we’ve had this debate a number of times and I’ve determined through repeated observations in the wild that he is an absolute monster and most who know him will back this up. He’s also (usually) a good sport when it comes to this sort of dissenting discourse.

Nick, whether intentionally or unintentionally, is having an impact on the demand for Hero of Iroas simply by talking about Hero of Iroas.

Hypothesis: by making a public observation of a card’s value, we’re affecting the price of that card.

The Morality of Intent

This is where things get murky for me, and where the debate has gone off the rails for everyone that I’ve ever attempted to have it with.

Why are we tweeting out or writing about this information? For some of us, it’s what we get paid to do. Providing you with insights on card value is what we’re getting paid to do, it’s why we’re here at all.

For others, it’s about building a brand … I don’t know what exactly that brand is selling, but branding is important you know!

Others still just want to be right, in public. We want that “I listened to this guy and made $100, you should listen to him too” endorsement. We want that credibility and to be considered an expert in our chosen field.

Sleight of HandUltimately it’s a performance, a magic trick we perform so that we can revel in the applause. It’s not enough to simply buy some cards and then tell people how much money we made buying those cards, we have to put on the show. And like any good magician, the audience is manipulated into seeing what the performer wants.

“Whoa whoa whoa, that’s sounding kind of accusatory”
-concerned reader somewhere

The Bandwagon

One of the most noticeable effects we’ve seen the last couple of years is the bandwagon effect in #mtgfinance. It starts with a card being mentioned, then the price starts to move, and then the next thing you know the silent masses buy out the card and relist it at ridiculous prices. But what happens when the buyout isn’t complete? The price comes crashing back down to reality because Bob’s Card Shack is still selling Bösium Strip for $3.

The reality of the bandwagon is that the more people that jump on, the more effective it is. If I invest in some cards and then convince you to invest in those same cards, I’ve created a ripple. If I convince you and 1,000 other people to invest in those cards, that ripple becomes something more.

Goblin RabblemasterSo what’s the difference between one guy buying out a 1,000 copies of a card and 50 people buying 20 copies each? When one guy relists his cards to sell at a higher price he’s just that crazy guy on TCG that sells things for way too much, but when 50 people relist at higher prices … it just might stick.

The Defense

I’ve asked numerous people why they tweet out “hot tips” if they aren’t trying to get more people to buy in and they’ve given me a variety of answers. Let’s look at a few of those ideas.

“I really think they’re a good investment” – if buying three was a good investment, why not buy six? Why not buy twelve? If you are 100% confident in an investment, why not keep your mouth shut and buy all available copies? Don’t have enough to buy all of them? Why not keep quiet and buy some copies now and go back for the rest when you can? After all, you’re going to make some serious bank right?

If you’re not 100% certain it’s a good investment, how sure are you? Should you be recommending people buy in on a card that you’re only 60% sure of? Are you trying to turn a 60% into a 70 or 80%? Who are you trying to convince that your target is a good spec? Yourself or the general public?

“I’m already going to make enough money off this spec” – Wut?

The idea that you can make “enough money” off of a spec target that you’re buying only to make money is kind of ridiculous.

“I don’t really think my tweet will have an impact” – then why are you tweeting about it? This is akin to the argument about mana weaving before shuffling your deck, either it does something and you’re technically cheating or it does nothing and you’re wasting your time.

Truth in Advertising

When I tweet about a card that I think is a good buy, it’s because I’m not 100% certain (I’m rarely more than 99% sure of anything). If I was ever 100% certain about a spec target, I would silently buy out the entire internet.

I want you to buy in too. I know that the more people who know/realize/believe a card is a good buy the more likely it is to become a good buy.  The more people on the bandwagon, the more profitable it gets.

I want to have credibility. I want to be famous. I want to be an authority on Magic finance. I want people to come to me with opportunities to work for them, I want a large network that provides me more of these opportunities. I want to see my phone lighting up with praise and testimonials.

I want to be honest. I want to be the change I want to see in the world. I want more people to be aware and honest about the things the Magic finance community does. If for no other reason than to avoid being implicated in a global pricing conspiracy orchestrated by a shadowy card Illuminati.

Observation Effect

This is where I restate my premise for dramatic effect and summarize the things I’ve said in a slightly different way.

Making observations on card prices absolutely has an effect on card prices. You know why the price of price of a Revised edition Ironclaw Orcs hasn’t really changed in twenty years? Because nobody cares. As soon as we start caring about a card and making others care about a card, we have an impact on it.

That impact varies from person to person. I could write about a card every week for a month and it would likely have less impact than Chas Andres or Gerry Thompson writing about it once. Some people are starting avalanches while others only have the clout to check the temperature of the ocean, but both are impacting the things they observe.

Command Tower

Let me make one thing clear – I’m not accusing or condemning anyone other than Becvar. If this article causes my peers to think before they speak and my readers to think before they act then I’ll have accomplished a lot.

Whether we choose to acknowledge, deny, or embrace it; all of our observations are impacting the cards we observe. Act accordingly.

For more hot card tips you can find me on Twitter: @GoingMadlem

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MAGIC: THE GATHERING FINANCE ARTICLES AND COMMUNITY