If you didn’t know, I play a card game called Magic the Gathering. I started playing it back in the early to mid-90’s and then pretty much stopped for about 20 years. A former co-worker got me back into it and now I’m back in. A very casual player mind you. I play what is called Kitchen Table Magic, ie, just sitting around playing when I get a chance with a friend or two. I don’t do tournaments or anything competitive.
The thing with Magic is that not only is it a game, it is also a Collectible card game. This means that not all the cards have the same quantity being released during each set, so the more powerful a card is and the rarer it is, the more money people are willing to pay for it.
The company that produces Magic, Wizards of the Coast (WOTC), also sells specialty boxes of reprints so that certain cards don’t get too out of control. Most cards from 2003 and on have a decent chance of getting reprinted if they run above $100 or become super popular due to being used in a winning deck by one of the pro’s. These reprint boxes have a limited supply run but WOTC tends to print things into the ground ever since they were bought out by Hasbro. So “limited” tends to mean they won’t just keep on printing that particular set for a year. 11 months and 30 days, but NOT a full year, thus garnering that feared “limited” title.
I’ve been buying some of these specialty boxes since 2015 with an eye to either opening them and getting some of those expensive cards for myself or to resell the boxes once the price starts to rise. I paid under $200 for each of those 3 boxes when they came out. Now, all 3 are selling for around $300 or so on Ebay. The problem is that a LOT of other people all think the same way I did, plus some scum (who’ll I’ll call magic investors) who buy these things up by the hundreds to induce scarcity, thus raising the price and then said scum sell for a quick profit. So Ebay tends to be flooded with a LOT of options. Realistically speaking, there isn’t much selling going on at that price point.
I’ve tried to sell on Craigslist, but once prices go above the $150 mark, most things don’t sell real well there. People are leery of dealing with cash and meeting up and all that stuff. I don’t blame them, but still, it is discouraging.
My question thus is this:
1 ) Do I list my 3 boxes separately on Ebay starting at 99cents, to avoid the insertion fee and hope the bidding goes up high enough to make me a profit AND to cover Ebay’s final sale fee (usually 10-15 percent, yeah, that much)
2 ) Open the boxes and hope I get the cards I want (I have REALLY bad luck in this regard. Almost all boxes I’ve opened through the years have not done me good) and a few foil money cards I can sell individually so as to not lose too much money
3 ) OR keep sitting on these boxes?
This has all been brought to a head by the final Masters Set being released this Friday. Even though the average price for a box is running around $290, it has been selling like gangbusters in a speakeasy with Elliot Ness & his Untouchables knocking the doors down with their specialty sledgehammers. In other words, on Ebay, 1 seller sold upwards of 4000 boxes in a matter of hours. A lot of the cards in the Ultimate Masters box are also available in these 3 boxes. Which means that the price of the boxes I own might start dropping as the high priced cards in them start dropping in value.
This type of situation is exactly why I am a land survey tech and not an investment consultant.
Ok, all good now. Just needed to write and do a little venting to get that off my chest. Cheerio…