It should come as no surprise that after today’s ban by the Commander Rules Committee of Mana Crypt, Jeweled Lotus, and Dockside Extortionist, a selloff of some sort would ensue.
Not only have these chase cards plummeted in value after the ban announcement was made, but they have also dropped by a dramatic proportion.
Given the number of vendors, stores, and players who own copies of these previously expensive chase rares, which are now banned in the format they derived their value from, many collections have suffered a considerable loss in value.
Here is how card prices are faring, just hours after the ban news broke. We’re pulling sold prices from TCG Player as well as completed auctions today from eBay to see the up-to-the-minute market price. Please note, these prices are as of the time of writing and may fluctuate dramatically over the coming hours and days.
Mana Crypt – Was $184, Now $85
The cheapest version of Mana Crypt, from Eternal Masters, has lost $100 in value so far today. That’s a decline of 53.8%!
Since Mana Crypt was already banned in Legacy, a ban in Commander means the card is now banned in virtually every format with a sizable player base.
Jeweled Lotus – Was $88, Now $30
Jeweled Lotus has fallen fast and hard, going from $88 to under $30, with some NM copies even selling for as low as $20, before rising back up to $30 again.
Theoretically, Jeweled Lotus could be worth $0, considering it does literally nothing in any format other than Commander. The current $30 price tag seems quite generous as speculators snatch up the flash sales.
Dockside Extortionist – Was $81, Now $20.
The biggest fall in value percentage-wise so far comes from the infamous Dockside Extortionist. While this card is legal in other formats, such as Legacy, it’s virtually unplayable in any format other than Commander.
Dockside has lost a massive 75% of its value today, as it goes from an $81 card to $20.
The amount of total value in MTG collections wiped out by today’s ban is easily in the millions, if not tens of millions of dollars, given these cards’ circulation size. This makes the ban decision by the Commander Rules Committee one of the most financially impactful decisions in recent memory.
Will MTG players continue to buy powerful chase Commander cards in the future, knowing that they could potentially be banned? Or will MTG flirt less with power creep in the Commander format moving forward, after seeing a ban like today?
Stay tuned to MTG Insider for more updates on Commander and MTG finance news.
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