Author
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Topic: Out of MTG just got big collection what to do?
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TRORY1400 Member
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posted July 09, 2013 09:43 AM

Hi, I had a substantial collection until just about a year ago. My previous collection was well into five figures and im not sure if I want to revisit that. I buy and sell lots of different things and ran into a card store that closed a few years ago (about 8th ed). The guy who had the cards said it was commons/uncommons about 80k. I went to look and found several things worthwhile. I bought it and was pleasantly suprised at some of the stuff that was not as good then that was left. I do not play anymore but used to play vintage/legacy. There are a bunch of legacy staples I could keep but I would have to buy trade for other stuff to make a deck. I could trade some into some power or I could sell and make maybe 2k. Nobody plays either format around me. I dont need the money and could keep decks just in case things change etc. What do people think of the current prices for duals and power? Are prices at a peak? This might the last shot i have at a collection like this so I want to do the best thing. Some notables in case you are wondering 12x LED 9X FOW 7X Wasteland 6X IT Karakas 2x IT Nether Void dozens of STP/Brainstorm/Lotus Petal Couple thousand Unlimited c/u lots more..
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ravidell Member
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posted July 09, 2013 01:17 PM
  
I do not see prices on the cards listed or there equals dropping in price anytime soon. I do not know hen duals price themselves out of the market. I can't believe that people are paying what they are for them now or a year and a half ago for that matter. Older MTG is more profitable than most peoples 401k. Thats why my old business partner bought me out and then drained his 401k to buy and sell cards.
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Zeckk Member
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posted July 09, 2013 04:25 PM
  
I honestly don't know what to think anymore when it comes to original duals and other reserve list staples. There are a dozen indicators that there's a legacy bubble, but actual market value continues to rise. With EDH still super popular, and legacy still around on the SCG tour, I don't see any danger in investing in legacy staples for the near term. It still looks extremely risky for long-term, though. Legacy is literally pricing itself out of being a supportable format.
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Devonin Member
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posted July 09, 2013 06:42 PM
  
If you're actually treating Magic Cards as a legitimate form of financial investment, like they are an actual asset with value that isn't purely by fiat and subject at any moment to utter and complete collapse, you should get better financial advice.I mean...holding onto your old dual lands because their value is going up is fine, but if you're including Magic Cards alongside stocks and bonds as your investment portfolio, I'd also be happy to sell you some bridges and property on the coast.
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ijuanda Member
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posted July 09, 2013 07:12 PM
  
quote: Originally posted by Devonin: If you're actually treating Magic Cards as a legitimate form of financial investment, like they are an actual asset with value that isn't purely by fiat and subject at any moment to utter and complete collapse, you should get better financial advice.I mean...holding onto your old dual lands because their value is going up is fine, but if you're including Magic Cards alongside stocks and bonds as your investment portfolio, I'd also be happy to sell you some bridges and property on the coast.
i agree with devonin. is there true stability in the value? and if so for what length of time? magic has been around for 20 years. who is to say it will make another 20? what happens when MTG ceases to exist? short term investment sounds fine but long term id be investing elsewhere. just my .02
[Edited 1 times, lastly by ijuanda on July 09, 2013]
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NorCalMtg Member
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posted July 10, 2013 09:02 AM

Why not diversify??Just because you have X$ doesn't mean all of it has to be used on MTG. My ideal portfolio would have 20k+ investments in it, with Magic making up maybe 5-8% of that. Seems fine and I am an idiot.
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rats60 Member
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posted July 10, 2013 12:27 PM
  
quote: Originally posted by Devonin: If you're actually treating Magic Cards as a legitimate form of financial investment, like they are an actual asset with value that isn't purely by fiat and subject at any moment to utter and complete collapse, you should get better financial advice.I mean...holding onto your old dual lands because their value is going up is fine, but if you're including Magic Cards alongside stocks and bonds as your investment portfolio, I'd also be happy to sell you some bridges and property on the coast.
Just because your investments do poorly, don't criticize other people who may make better investments. For example in 1995 the Dow Jones Average was ~4000. Today it's ~15,265, that's less than 4x your money in 18 years. In 1995, a box of Revised Boosters cost 44.10. Today I can sell them for 1300.00 to dealers, maybe more if I put effort into it. That is more than 29x your money in 18 years. It sounds to me like you have bought too many bridges and too much swamp land.
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oneofchaos Member
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posted July 10, 2013 12:49 PM

quote: Originally posted by rats60: Just because your investments do poorly, don't criticize other people who may make better investments.For example in 1995 the Dow Jones Average was ~4000. Today it's ~15,265, that's less than 4x your money in 18 years. In 1995, a box of Revised Boosters cost 44.10. Today I can sell them for 1300.00 to dealers, maybe more if I put effort into it. That is more than 29x your money in 18 years. It sounds to me like you have bought too many bridges and too much swamp land.
Agreed. Just like sinking all of a 401K into company stock is a foolish idea. Odds are good MTG will be here tomorrow, but why risk 100% of your future on it?
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Volcanon Member
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posted July 10, 2013 12:54 PM

quote: Originally posted by rats60: Just because your investments do poorly, don't criticize other people who may make better investments.For example in 1995 the Dow Jones Average was ~4000. Today it's ~15,265, that's less than 4x your money in 18 years. In 1995, a box of Revised Boosters cost 44.10. Today I can sell them for 1300.00 to dealers, maybe more if I put effort into it. That is more than 29x your money in 18 years. It sounds to me like you have bought too many bridges and too much swamp land.
Yeah, but how many revised boxes are you necessarily going to have? A one-time cap gain of 1300 isn't going to go that far. For a student I made buckets of money off Portal 3, but it's unlikely you'll get that kind of payoff all the time or ever again. Also, I can go and buy as many stocks as I want right now. You can't exactly go around buying cases of Revised. And at the time there was no guarantee magic was going to remain popular. Dozens of card games have failed and their product is completely worthless now. Legacy will eventually die, like Vintage did, for any number of reasons. After that, the only driver for revised duals will be EDH. I've met people who hoarded jester's cap and junk from Ice Age. They were pretty bummed when their "at least $20" caps were now junk rares.
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rats60 Member
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posted July 10, 2013 01:51 PM
  
quote: Originally posted by Volcanon: Yeah, but how many revised boxes are you necessarily going to have? A one-time cap gain of 1300 isn't going to go that far. For a student I made buckets of money off Portal 3, but it's unlikely you'll get that kind of payoff all the time or ever again.Also, I can go and buy as many stocks as I want right now. You can't exactly go around buying cases of Revised. And at the time there was no guarantee magic was going to remain popular. Dozens of card games have failed and their product is completely worthless now. Legacy will eventually die, like Vintage did, for any number of reasons. After that, the only driver for revised duals will be EDH. I've met people who hoarded jester's cap and junk from Ice Age. They were pretty bummed when their "at least $20" caps were now junk rares.
Obviously if you are Warren Buffet, you aren't going to use MTG to become a billionaire, but for the average person it could produce a good return. You can't buy Revised, but you can buy a ton of RTR. Last year, you could have bought a ton of Innistrad at ~50% of what it is worth this year. The difference between stocks and MTG boxes is that stocks go down, the last MTG box that went below cost was in 2006.
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Devonin Member
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posted July 10, 2013 02:40 PM
  
And then tomorrow some Japanese tech company comes out with high fidelity full-immersion VR, and the entire entertainment paradigm of the world changes overnight. Now you own a pile of cardboard.
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ogre Member
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posted July 10, 2013 04:35 PM
  
On the topic of long term value, what do you think of older cards, not necessarily playable cards either, I'm talking Alpha's?Where do you see the value of a NM set of Alpha in 20 years? Two answers would be appreciated, one if Magic is still being printed or if not as variables for values. Also, would older sealed product still carry a premium? .02, Jesse __________________ "call the hospital now" "I'm gonna kill you" inspiring words from Mino Fazio
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Bagbokk Member
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posted July 10, 2013 04:38 PM
  
If investments are bad simply by virtue of the presence of risk then there wouldn't be anything good to invest in. Ever.
[Edited 1 times, lastly by Bagbokk on July 10, 2013]
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choco man Member
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posted July 10, 2013 04:44 PM
  
quote: Originally posted by rats60: In 1995, a box of Revised Boosters cost 44.10. Today I can sell them for 1300.00 to dealers, maybe more if I put effort into it. That is more than 29x your money in 18 years.
quote: Originally posted by rats60: The difference between stocks and MTG boxes is that stocks go down,
uhh...I think you're leaving out a whole lot. There is absolutely no point in comparing MTG to Dow Jones. If you're going to compare MTG to equities, you might as well just use specific stocks. Apple stock was ~$10 back in 1994. You can buy in today, but are you ever going to get the same level of return? In the long-long term, the Dow Jones goes up over time (and in a much greater level of certainty than MTG). I'm not going to bad-mouth MTG as investment, because MTG has been a good investment and many people/players have just been very fortunate to have bought-in at the right time and MTG is a very good game. But you just can't compare it to equities.
[Edited 2 times, lastly by choco man on July 10, 2013]
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Lord Crovax Member
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posted July 10, 2013 06:03 PM

quote: Originally posted by Devonin: And then tomorrow some Japanese tech company comes out with high fidelity full-immersion VR, and the entire entertainment paradigm of the world changes overnight. Now you own a pile of cardboard.
Same can happen to literally everything, hell money as we know it could become literally worthless overnight. Doesn't mean you shouldn't act on what you know now. __________________ I shall have the souls of all who defy me. "Lord Crovax"
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TRORY1400 Member
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posted July 10, 2013 06:51 PM

Thanks for the replies. I am not sure if some of the answers were directed at me or not but if I do not sell I am not "investing". I am just keeping the cards in case I ever get the bug again. I was asking about prices so that I can gauge what my "buy in" would look like two years from now if I decided to jump back in. I honestly cant see paying 500 for a set of seas. Power seems like a good deal in relation to some of the Legacy prices. I am leaning towards selling because if I kept and traded I would want to get my power back , and workshops, and bazaars and. goyfs, etc etc..15k later. Off topic a bit buy prices at Card Kingdom and ABU seem good and ive dealt with both a lot in the past. Any other suggestions? I sell on Ebay but after fees etc its pretty close to buy list. I know everyone will say sell on here but theres a lot more risk and I only have a few refs.
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choco man Member
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posted July 10, 2013 08:25 PM
  
quote: Originally posted by TRORY1400: Thanks for the replies. I am not sure if some of the answers were directed at me or not but if I do not sell I am not "investing". I am just keeping the cards in case I ever get the bug again. I was asking about prices so that I can gauge what my "buy in" would look like two years from now if I decided to jump back in. I honestly cant see paying 500 for a set of seas. Power seems like a good deal in relation to some of the Legacy prices. I am leaning towards selling because if I kept and traded I would want to get my power back , and workshops, and bazaars and. goyfs, etc etc..15k later. Off topic a bit buy prices at Card Kingdom and ABU seem good and ive dealt with both a lot in the past. Any other suggestions? I sell on Ebay but after fees etc its pretty close to buy list. I know everyone will say sell on here but theres a lot more risk and I only have a few refs.
ABUgames has been my go-to place to sell stuff when I want to sell cards that are hard to sell/trade (eg every once in awhile I will have a bunch of cards likes Deathless Angel laying around and I want some quick money to buy other MTG stuff). They are honest and the turn-around is quick. I used to send stuff to them untracked back before USPS raised their rates (now it's cheaper to just send tracked via paypal). But I really wouldn't sell easy to sell stuff to them. If you ever get the bug again, you should be able to buy back in. It isn't like it's 2005. If you sold-out back then, now that would sting.
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nylarotep Member
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posted July 11, 2013 05:54 AM
  
quote: Originally posted by TRORY1400: Thanks for the replies. I am not sure if some of the answers were directed at me or not but if I do not sell I am not "investing". I am just keeping the cards in case I ever get the bug again. I was asking about prices so that I can gauge what my "buy in" would look like two years from now if I decided to jump back in. I honestly cant see paying 500 for a set of seas. Power seems like a good deal in relation to some of the Legacy prices. I am leaning towards selling because if I kept and traded I would want to get my power back , and workshops, and bazaars and. goyfs, etc etc..15k later. Off topic a bit buy prices at Card Kingdom and ABU seem good and ive dealt with both a lot in the past. Any other suggestions? I sell on Ebay but after fees etc its pretty close to buy list. I know everyone will say sell on here but theres a lot more risk and I only have a few refs.
AdventuresON is another good one. I've used Cape Fear Games in the past as well (their turnaround in you getting paid is the best), but last I checked their buy prices weren't as high.
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Tha Gunslinga Moderator
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posted July 11, 2013 03:23 PM
  
If you want to sell off that sort of stuff, I would dump the big cards on MOTL or Ebay. If you sell to online dealers, you'll get hosed on condition. If a card is Ebaying at $60, you'll get over $50 after fees, and on MOTL you could sell at $50-55 fairly easily, most likely. If a dealer is offering $60 on it, they might take off 25% for condition and leave you with $45.
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