How do you make the most money selling Magic cards?

Can you make a living buying and selling Magic cards?

Yes, you could make some money, but not make a living out of it unless you were opening an LGS or going professional. We'll go through the steps of how to actually earn from buying and selling cards, and also the challenges ahead.

How much can you sell 1000 Magic cards for?

Remove any card worth more than $0.25 to sell it separately. A shop will purchase entire collections, usually for $2.50-4.00 per 1,000 cards. However, cards worth more than $0.25 are usually listed at $0.10-0.15 or higher. This means that it's better to sell these cards individually at the shop.

What Magic card sold the most?

In 2019, a Black Lotus sold for $166,000 on eBay, followed by another purchase just two years later in 2021 for $511,100 — more than triple the price. Now, with the recent auction held by PWCC Marketplace, the Black Lotus cements its position as the most expensive Magic: The Gathering card ever sold.

What makes Magic cards worth money?

Sorting by Rarities. When a set (also known as an expansion or edition) is printed, some cards get less copies than others, making some cards worth more than others. You can tell what rarity a card is by looking at the color of the set symbol, found under the art to the right.

Can You Make a Full Time Salary from Selling Magic the Gathering Cards

Are Magic cards a good investment?

That said, Magic: The Gathering is one of the safer investments in the world of collectibles. The first Magic cards were actually released within days of the first Beanie Babies, and it's telling that WotC just had its best fiscal year of all time while Beanie Babies have been a punchline for the past 20 years.

Who pays the best for Magic cards?

eBay. So the most obvious website to sell your Magic cards is eBay. With close to 160 million active users, eBay is by far the best place to not only sell cards but to buy them. Setting up an account is super easy and fees are not terribly high, averaging about 13-15% of your sale.

Is it worth it to sell Magic cards?

Is Selling Magic Cards Worth It? Selling MTG cards is worth it if you're done playing the game and have a decent number of cards for sale. This is especially true if you have old cards or rare cards that can fetch a high price.

How much should I sell my Magic cards for?

You might be able to sell to a local game store near you in exchange for store credit or cash. You can typically expect around 70% market value in cash for the cards and 10% to 15% more for store credit.

Will MTG cards hold value?

These cards often end up being worth more than the top competitive staples because there are many more Commander players than competitive Standard or Modern players. Cards have value due to scarcity. The most-played card in Modern right now is Prismatic Ending.

Is selling Magic cards taxable?

Collectibles are considered alternative investments by the IRS and include things like art, stamps, coins, cards, comics, rare items, antiques, and so on. If collectibles are sold at a gain, you will be subject to a long-term capital gains tax rate of up to 28%, if disposed of after more than one year of ownership.

How hard is it to sell on TCGplayer?

It's not terribly difficult for most players with an active local store scene to be able to trade across at Market Price, but finding a buyer who is willing to pay cash can sometimes be difficult.

Do you need a license to sell Magic cards?

Depends of the volume of inventory you are selling. If you are selling tens or hundreds of thousands of dollars worth of inventory, then yes you will need to register as a business with your local/state government for tax purposes.

How many black lotuses are in existence?

Black Lotus and the rest of the Power Nine were only printed for the early Alpha, Beta and Unlimited sets right at the very beginning of Magic: The Gathering's inception. All in all, it is estimated that only about 1,100 Black Lotus cards were ever printed.

How do I sell my whole MTG collection?

How much does an artist get paid for a magic card?

Magic: The Gathering

According to Reddit, the average illustrator receives anywhere from $400 to $600 USD per card. More established artists report having been paid between $1,200-$1,300 USD per card.

Why are Magic cards losing value?

Magic: The Gathering Cards Face Decreasing Value Due to Overproduction. Hasbro's overproduction of Magic: The Gathering cards leads to sinking stock market prices and decreased value for Magic's rarer trading cards.

Do pawn shops buy Magic cards?

But like collectibles stores, pawn shops price their items to sell fast, so they will most likely offer you less money for your Magic Cards than anywhere else. It is a quick and all-cash transaction though.

How much does it cost to grade a Magic card?

Grading your cards with Magic Graders costs you $25 dollars per card, so we would hope that grading adds at least $50 dollars in value to a card before we would consider grading it. This means that grading low value or common cards can be very tricky.

Is TCGPlayer the best place to sell cards?

For expensive cards TCGPlayer is probably the best bet, assuming that none of the buylists are paying a comparable price. Of course, all of this is assuming you can't find a local buyer, which is better than any other option. If you are willing to trade card for card, always, always, always take the store credit.

Does TCGplayer report to IRS?

This means that everyone who sells at least $600 worth of goods on any online marketplace — including TCGplayer — will have their sales reported to the IRS.

How often does TCGplayer pay?

In general, we issue payments on Monday or Thursday. After we receive your Reimbursement Invoice (RI) shipment, we release payments based on our normal payment process.

Do I have to file taxes for TCGplayer?

As a seller on TCGplayer.com, you're responsible for paying all fees and taxes associated with your activity on the marketplace in accordance with our Marketplace Seller Agreement, including compliance with sales tax, income tax and import tax regulations.