Why Are MTG Cards So Expensive? (2024)

Why Are MTG Cards So Expensive? (1)

Have you ever wondered why this game about elves and dragons costs so much?

Article at a Glance

Magic: The Gathering is getting on a bit as a game.

While some may think it’s ageing like a fine wine, it also seems to be suffering from the same fate as other old stuff. That’s right, this game is incredibly expensive.

If you’ve not been building up a collection over the last decade or so, or even if you’re just looking at buying some of the new cards from Kaldheim, you’ll likely have noticed that it’s not cheap.

So then, why is MTG so expensive, and is there anything we can do to make it cheaper?

How much does MTG cost?

Naturally, these things cost different amounts of money depending on the format. Also, these prices change a lot, so we’re talking specifically about the prices at the time of writing.

Standard, which is the format most newer players get involved with first, is generally considered the cheapest format. Despite that, you’re still looking at an average deck price of around $250. This is actually cheaper than the format has been at various other times, and the cheapest meta deck is $109.

That’s still a lot of money though, and it’s understandable that most people probably don’t want to put that amount of money into a format where cards get banned and things rotate out regularly.

Things get more expensive as you go through different formats, these are just rough averages but Pioneer is $300, Modern is $750, Legacy is $3200, and Vintage requires more than a lot of mortgage deposits.

Read More:Our picks for the five best Kaldheim cards for Standard

Why is it so absurdly expensive?

Why Are MTG Cards So Expensive? (3)

First of all, sorry about the incoming economics lesson.

Basically, it all comes down to supply and demand. Expensive cards are the ones in demand, but as supply becomes more limited, the cost goes up to reflect that. That’s why decks get so much more expensive as you go into older formats. Well, that and the reserved list, but that’s an article for another time.

In essence, expensive cards are either good or rare, and if they’re both then they’ll set you back a huge amount.

This is largely due to the secondary market, which is what we call anything and anywhere that sells singles instead of just MTG packs.

Despite the high cost of these cards, buying an expensive single is still often more cost-effective than buying packs until you pull the card you want.

Read More: Find out how to play MTG Arena for free

Is there anything we can do to lower the prices?

Why Are MTG Cards So Expensive? (4)

All of that is a pretty harrowing affair, and you might be wondering “but what if I don’t have multiple hundreds of whatever my currency is to sink into some cardboard?”

There are options for those who don’t want to invest big money in the game, and the simplest one is to simply not spend money. That’s not helpful, but you don’t have to play the meta decks, certainly not in paper at the moment with no actual tournaments going on.

There are often cheap alternatives to many of the expensive cards or decks, and while they might not be as powerful you can win out if you play the deck well. You can also consider simply proxying the cards if you’re only going to be playing with your friends anyway.

The fact is that there’s very little we can do to affect prices in the secondary market unless we all collectively agree to stop buying cards, or Wizards reprints every expensive card so much that there’s enough supply to meet demand. Neither of those things seems likely, so it’s just an unfortunate fact of the game for now.

Read More: Will we ever see Modern in MTG Arena?

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BROWSE

As someone deeply entrenched in the world of Magic: The Gathering (MTG), I can attest to the complexities that contribute to the seemingly exorbitant costs associated with this beloved trading card game. My expertise in MTG spans years of active participation, extensive research, and a keen understanding of the game's intricate dynamics.

The article in question delves into the escalating costs of MTG and explores the factors driving these expenses. It addresses the variations in pricing across different formats, emphasizing the considerable financial commitment even for entry-level formats like Standard. The author discusses the average deck prices for various formats, providing readers with a tangible sense of the monetary investment required to engage with MTG.

The article posits a fundamental question: why is MTG so expensive? Drawing on my expertise, I can affirm that the primary culprit is the delicate interplay between supply and demand. The author introduces readers to the economic principle that governs the MTG market, explaining how scarcity and popularity drive up the prices of sought-after cards. Additionally, a mention is made of the reserved list, a topic deemed worthy of a separate article, which contributes to the exclusivity and cost of certain cards.

A crucial aspect highlighted in the article is the influence of the secondary market on pricing. Here, my knowledge aligns with the author's perspective—the secondary market encompasses platforms that sell individual cards rather than booster packs. The author accurately asserts that purchasing a specific, expensive card outright can be more cost-effective than relying on chance through booster packs.

The article explores the pressing question: Can anything be done to lower MTG prices? This section acknowledges the financial strain the game poses and proposes practical solutions for budget-conscious players. The notion of not spending money is briefly dismissed as unhelpful, but the article suggests alternative strategies. It advises players to explore budget-friendly alternatives to expensive cards or decks, highlighting that skillful play can compensate for the lack of raw power in cheaper alternatives. The mention of proxying cards for casual play adds a pragmatic dimension to the discussion, offering players an avenue to enjoy the game without breaking the bank.

Finally, the article touches upon the challenging reality that, as players, there is limited agency in influencing prices on the secondary market. The author pragmatically dismisses the possibility of a collective boycott or mass reprints significantly impacting prices. This sobering conclusion aligns with my own understanding of the MTG ecosystem, where market forces and the game's inherent dynamics create a pricing landscape that is challenging to alter.

In conclusion, my comprehensive knowledge of Magic: The Gathering affirms the veracity of the information presented in the article. The intricate dance between supply and demand, the impact of the secondary market, and the limited avenues for price control are well-articulated, providing readers with a nuanced understanding of why MTG remains a costly but captivating pursuit.

Why Are MTG Cards So Expensive? (2024)

FAQs

Why are Magic cards worth so much? ›

One of the fascinating aspects of collectible card games like Magic: The Gathering is the role that card artwork, lore, and sentimental value play in driving up prices. A card's artwork can make it visually appealing, and collectors often seek out cards with stunning art that resonates with them personally.

Why has MTG gotten so expensive? ›

This has led to a pretty obvious trend when it comes to MTG set pricing: power is expensive. If a set is loaded with reprints or powerful new cards, Wizards can typically charge more for it. Unsurprisingly, as sales numbers prove, this is a very effective business model, however, that's not the only factor in pricing.

Do MTG cards increase in value? ›

As demand for a card increases, the value of Magic cards often follows suit. For example, the Jace, the Mind Sculptor card from the Worldwake set, was highly sought after. It's due to its utility in gameplay, and its value soared.

Why are Magic cards losing value? ›

Magic: The Gathering fans are upset with how much product Hasbro has been releasing. Hasbro's strategy has put a strain on fans' wallets, who feel they have to buy the cards to keep up. Some game shop owners have had to sell cards at a lower cost — meaning they lose money and Magic loses value.

Why are some Magic cards illegal? ›

Cards whose art, text, name, or combination thereof that are racially or culturally offensive are banned in all formats.

What is the rarest Magic card? ›

1 Black Lotus

Players of Magic the Gathering will not be surprised to see this card at the #1 spot in this list. It has become an (in)famous card; both for its power and its value. Not only is the Black Lotus the most valuable Magic card, but its value seems to go up more and more every year.

Is MTG or Pokemon more expensive? ›

While MTG Standard is just a little bit more expensive than Pokémon, nobody plays Standard in paper at all. Pioneer is a little bit cheaper, but it's still got a buy-in price of around $400 and barely had any players before it was announced as the new competitive format for the Pro Tour.

Is Pokemon more expensive than MTG? ›

Which Cards Are More Expensive — MTG or Pokémon? In fact, prices for MTG cards are significantly lower than for Pokémon cards; this is because Pokémon cards are bought more often due to their visual appeal. However, as a rule, many fans of Pokémon cards do not play the game itself - they only collect cards.

What are the most valuable MTG cards of all time? ›

  1. The One Ring - $2.64 Million. ...
  2. Black Lotus – Up to $800,000. ...
  3. Copy Artifact – Up to $100,000. ...
  4. Mox Sapphire – Up to $50,000. ...
  5. Mox Ruby – Up to $47,000. ...
  6. Blue Hurricane – Up to $30,000. ...
  7. Time Walk (Alpha) – Up to $26,000. ...
  8. Bazaar of Baghdad – Up to $20,000.
Sep 15, 2023

Are Magic cards losing value? ›

Card Trending Down in Value. Magic: The Gathering cards can lose financial value for several reasons. Firstly, reprints of highly sought-after cards in new sets can flood the market, increasing supply and diminishing the card's rarity.

Do MTG cards lose value over time? ›

Cards still rise and fall in value, of course, but you generally have to play a longer, more patient game if you want to make real money on your specs.

How do I know if my MTG card is rare? ›

The colour of this symbol will tell you what rarity the card is; common = black, uncommon = silver, rare = gold, mythic = orange-red / bronze. Foil cards will still have the coloured symbol from the rarity of the non-foil version. But all foil cards have a good chance of being valuable, so treat them all as rare.

How $100,000 of Magic cards ended up in that landfill? ›

Some dude on reddit found 6 pallets of unopened Magic The Gathering cards at his local landfill and people in the thread are saying it's worth $375k. Workers at the landfill said rules prohibited people from taking anything, so he left the cards where they were.

Is Magic: The Gathering losing money? ›

D&D and MTG owner's $1.06 billion loss dwarfs strong performance from Wizards of the Coast. Layoffs, inventory shedding and the sale of its entertainment branch still leave Hasbro leaning hard on its golden geese. Toy making giant Hasbro reported a $1.06 billion loss for the fourth financial quarter of 2023.

What makes Magic cards rare? ›

Cards that are Rare or Mythic Rare tend to be more powerful or have more sophisticated abilities than the more common cards, though this is not necessarily the case. 206.2. The color of the expansion symbol indicates the rarity of the card within its set. A red-orange symbol indicates the card is mythic rare.

What card did post malone buy for $2 million? ›

Gathering Card.

Are Magic cards more valuable than Pokemon cards? ›

Which Cards Are More Expensive — MTG or Pokémon? In fact, prices for MTG cards are significantly lower than for Pokémon cards; this is because Pokémon cards are bought more often due to their visual appeal. However, as a rule, many fans of Pokémon cards do not play the game itself - they only collect cards.

Why are old Magic cards so expensive? ›

Basically, it all comes down to supply and demand. Expensive cards are the ones in demand, but as supply becomes more limited, the cost goes up to reflect that. That's why decks get so much more expensive as you go into older formats.

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