it's available for redemption as of now, (and has been for some time actually) Usually redemption is available a week or two after the set's available on MTGO.
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a question that's been bugging me- If singles are so much cheaper on modo, why dont people just buy full sets online for a lot less money, then redeem them for a full paper set, sell it for more, and repeat?
a question that's been bugging me- If singles are so much cheaper on modo, why dont people just buy full sets online for a lot less money, then redeem them for a full paper set, sell it for more, and repeat?
Some people do this already. Although if you have to buy 1x of all the cards and pay for shipping, etc, then pay for listing fees, then lose the cut of paypal, you're not really going to make too much. In fact, flipping burgers would probably net you more income faster than trying single set redemption for profit.
Where it gets better is if you're decent at a limited/constructed format and can win enough to reduce the per card cost and then redeem multiple sets at once and sell them for a larger profit that way. This is what usually happens. The majority of the set redemption requests are mass redemption requests (like a dozen sets or more). The amount of money it takes to collect enough sets to make the bulk sales worth it is around $1000, and can leave you high and dry if you can't resell them all in time, so it's not without its risks as well.
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a question that's been bugging me- If singles are so much cheaper on modo, why dont people just buy full sets online for a lot less money, then redeem them for a full paper set, sell it for more, and repeat?
This is a great way to make a small amount of money - I used to compile 4x sets of some sets, redeem them, then split and sell them as playsets of each card. Over a couple of weeks everything will sell, usually for $100-$150 profit or so per 4 sets.
Like someone above me said, about the same amount of money for your time as working a low-paid job.
On the other hand, 4x foil sets are very lucrative indeed, but require a huge investment, and often take a significant time to sell.
The best profit I ever made on MTGO was from compiling a foil 9th edition set (when 9e was quite new), and buying a second foil set for US$400, then redeeming both, selling one to my (then) local card shop for AU$850 (about US$600 at the time; they then split & sold it) and splitting and selling the other one on Ebay (sold the cards for about AU$1200 over a significant period of time, and still have a fair few of them).
This was possible because foil painlands were still very very valuable back then, with even the less used ones (like Brushland) selling quite quickly for AU$30. This would no longer be the case.
Its mainly a good thing if you were drafting a lot and could do about an hours worth of trades here and there to turn the bulk cards you have into paper. After about a year of the set being out on MODO the ebay prices for sets really reflect the "turn in" set value and sets plunge to $60-80. Being able to do 4 at a time really helps the money.
When I was dealing regularly I would buy uncommon sets for big sets like Mirrodin or Rav and break them up. I could by a playset for $30 and get $60 for it including fees.
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Its mainly a good thing if you were drafting a lot and could do about an hours worth of trades here and there to turn the bulk cards you have into paper. After about a year of the set being out on MODO the ebay prices for sets really reflect the "turn in" set value and sets plunge to $60-80. Being able to do 4 at a time really helps the money.
When I was dealing regularly I would buy uncommon sets for big sets like Mirrodin or Rav and break them up. I could by a playset for $30 and get $60 for it including fees.
The prices of Ebay auctions reflect the cost of a redeemed set, yes, but often sets will sell quite a bit higher than that on Ebay as 'buy it now' items.
When Saviors of Kamigawa was the newest set, I redeemed many Champions sets. Ebay auctions of ChK sets tended to sell for about AU$90 (then US$65), but I could post them as 'buy it now' items at AU$140 and sell them reasonably steadily.
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Some people do this already. Although if you have to buy 1x of all the cards and pay for shipping, etc, then pay for listing fees, then lose the cut of paypal, you're not really going to make too much. In fact, flipping burgers would probably net you more income faster than trying single set redemption for profit.
Where it gets better is if you're decent at a limited/constructed format and can win enough to reduce the per card cost and then redeem multiple sets at once and sell them for a larger profit that way. This is what usually happens. The majority of the set redemption requests are mass redemption requests (like a dozen sets or more). The amount of money it takes to collect enough sets to make the bulk sales worth it is around $1000, and can leave you high and dry if you can't resell them all in time, so it's not without its risks as well.
MTGO Writer and Epic Time-Waster.
If you have questions about MTGO PM me, I'm all up ons, as it were.
Check out my articles on http://puremtgo.com/ I'm the nerd you see there... wait, not that one. Nope, not that one either... yeah. That one.
This is a great way to make a small amount of money - I used to compile 4x sets of some sets, redeem them, then split and sell them as playsets of each card. Over a couple of weeks everything will sell, usually for $100-$150 profit or so per 4 sets.
Like someone above me said, about the same amount of money for your time as working a low-paid job.
On the other hand, 4x foil sets are very lucrative indeed, but require a huge investment, and often take a significant time to sell.
The best profit I ever made on MTGO was from compiling a foil 9th edition set (when 9e was quite new), and buying a second foil set for US$400, then redeeming both, selling one to my (then) local card shop for AU$850 (about US$600 at the time; they then split & sold it) and splitting and selling the other one on Ebay (sold the cards for about AU$1200 over a significant period of time, and still have a fair few of them).
This was possible because foil painlands were still very very valuable back then, with even the less used ones (like Brushland) selling quite quickly for AU$30. This would no longer be the case.
When I was dealing regularly I would buy uncommon sets for big sets like Mirrodin or Rav and break them up. I could by a playset for $30 and get $60 for it including fees.
The prices of Ebay auctions reflect the cost of a redeemed set, yes, but often sets will sell quite a bit higher than that on Ebay as 'buy it now' items.
When Saviors of Kamigawa was the newest set, I redeemed many Champions sets. Ebay auctions of ChK sets tended to sell for about AU$90 (then US$65), but I could post them as 'buy it now' items at AU$140 and sell them reasonably steadily.