Investing in Reserve Staples
There are a couple alarms for me with eternal staples.
1. Fakes becoming unrecognizable to the real thing. I have some of the most recent fakes. They are getting closer. Casual players will settle for fakes.
2. Stability in specific formats. Modern IS an attempt to create a big meta to satisfy the legacy player base while sidestepping the reserve list.
3. You have to find a buyer. Selling any card over 5k may be like selling a car.
4. Same as 3 but the other way around. When buying these staples you need to really verify legitimacy.
5. Reserve list is a legal binding suggestion that a giant company could overturn.
After my concerns I have reasons to see why this is attractive.
1. Reserve list staples are rare.
2. Demand will always be there.
3. New players ensure growth in demand.
4. Cards are demanded in lots of countries.
5. You could influence the market with reddit, community pumping or artificial demand.
I'm still reluctant to sell my set of duals even though 4 billion cards printed before 1994. Lots of duals in there.
As for back pricing the lotus. It would be fun to back log pricing from inquest for major staples. The system supports back logging. Pretty much just need one price entry a year before 2011.
About the Author
Hi I'm Teeg, the mythical programmer of EchoMTG. I've been a player since 1995, but took a hiatus before middle school, then returned in 2011. Upon returning I was hellbent on collecting nostalgic cards I once had in my collection (dual lands etc.) so I could jump into the legacy scene. Collecting duals needed to be done on a budget, so trading up was the only option. While trading heavily online, I started Echo database (early 2012) to help calculate quick trades. I take a lot of pride as a product author and still love mtg dearly, so Echo is a great avenue for experimental interface designs while feeding into my favorite hobby.
—teeg