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Who's ready for a deep dive?! Metallic Gold Limited Edition Set
From this morning, 50% of you think MGLEs deserve a steep premium to Base Common moments.
While we tend to agree, the Marketplace is telling us a completely different story. Let's dive-in.
Thread (1/8)
2/ We looked at 53 players that had at least one S1 Base Common and one S1 MGLE moment.
Most of this exercise is focused on Series 1, to avoid some of the uncertainty with Series 2 circulating counts.
We did our best to use an even distribution of moments by player grouping.
Most of this exercise is focused on Series 1, to avoid some of the uncertainty with Series 2 circulating counts.
We did our best to use an even distribution of moments by player grouping.
3/ Now, here's the fun stuff.
We found that S1 MGLE moments do NOT trade at a premium to S1 Base moments. In fact, using Avg Implied Market Cap, these Rare moments are valued at a 25% discount. (30% using median)
A lot to unpack here, so let's focus on some player groupings.
We found that S1 MGLE moments do NOT trade at a premium to S1 Base moments. In fact, using Avg Implied Market Cap, these Rare moments are valued at a 25% discount. (30% using median)
A lot to unpack here, so let's focus on some player groupings.
4/ Tier 1 & 2 players are given a significant and expected premium for their MGLE moments in the Marketplace. 
Meanwhile, Lebron and Tier 4 & 5 players see their MGLE moment actually trade at a significant discount to their Base moment(s).
Why?
Meanwhile, Lebron and Tier 4 & 5 players see their MGLE moment actually trade at a significant discount to their Base moment(s).
Why?
5/ Lebron - his Rare moments are simply too pricey for many users. That being said, we all want some Lebron in our collection, and his Commons are the most attainable.
Of note, his Kobe tribute dunk does not have a presence in the MGLE Set. Moment quality matters too, folks!
Of note, his Kobe tribute dunk does not have a presence in the MGLE Set. Moment quality matters too, folks!
6/ Tier 4 & 5 - The median price for these moments is <$40! 
Once again, being the most affordable S1 option leads to heavy demand and premium valuations.
But, to us, these MGLEs seem like an exceptional value.
So, where do prices & valuations go from here?
Once again, being the most affordable S1 option leads to heavy demand and premium valuations.
But, to us, these MGLEs seem like an exceptional value.
So, where do prices & valuations go from here?
7/ Series 1 moments will always be highly sought after among collectors, traders, and investors.
As a result, while we believe MGLEs should be given a premium valuation in the Marketplace, it may never fully materialize due to the reasons above. It will be fun to follow!
As a result, while we believe MGLEs should be given a premium valuation in the Marketplace, it may never fully materialize due to the reasons above. It will be fun to follow!
8/ Switching gears, many of you are curious how Series 1 & Series 2 moments are valued within the same set.
Here's a quick look. Once the remaining S2 MGLEs are released into the marketplace, this premium should only expand, right?
END THREAD
Here's a quick look. Once the remaining S2 MGLEs are released into the marketplace, this premium should only expand, right?
END THREAD
Whew, I guess nights without pack drops can still be fun.
If you didn't already bail on the thread to go buy some MGLEs, we'd love to hear from you.
Let us know what you think of any of the information above!
Feedback is ALWAYS welcomed and appreciated.
If you didn't already bail on the thread to go buy some MGLEs, we'd love to hear from you.
Let us know what you think of any of the information above!
Feedback is ALWAYS welcomed and appreciated.
