First off, I'm a player - not a collector. I'm all for completely abolishing the Reserved List and reprinting the staples - and I got my 40 duals, 40 fetches, Forces, Goyfs, Mox Diamonds, LEDs, etc., etc.
And I'm not entirely sure about that argument of reprints not necessarily dropping value. Sure, we can cite cards like Birds and Wrath of God all day and how they've maintained a roughly constant level of value. But they've also been printing in over a dozen sets. But if you look at Pithing Needle, it was a $20+ rare when it was in Kamigawa only. But following 10th Edition and M10 reprints, it has fallen to a $3 rare. I find it hard to believe that reprinting the original Duals in M11 at current print run sizes would have little or no impact on the valley of Reserved and Unlimited Duals (although Alpha/Beta would still likely retain their high prices due to the level of pimp factor). While I'm certainly not saying value would completely fall through the floor and Revised Duals be able to be had by all for $10 each, I would certainly foresee a drop of 40-50% for cards like Underground Sea (once again, I could care less personally...I'd probably sell my 40 Revised duals and get 40 of the new black border ones, or get 40 in foil).
Also, I think you're misunderstanding what a collector is. A collector doesn't care about any format. And they don't care about MTGO. They care about the physical product and it's value. Most collectors could care less if Legacy died off, aside from the concern on possible devaluation of their cards. All they care about is collecting sets (either 1 copy of each set, or 4 copies).
And as for the dealers...it's understandable for their concern. If a dealer is buying Underground Seas at $60 each and they're reprinted and price drops to $50...they just lost atleast $10 per card between what they paid for it and what they can sell it at now.
Even though I understand the concern being voiced by dealers and collectors, I'm not one of them. I want Wizards to reprint stuff, and I'm among the players who are now discontent over the Reserved List announcement.
Don't Hate the Herd
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