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Originally Posted by borderline
I didn't play in the time when tarmogoyf was around (was taking a break from magic), I do hear stories about that. But months might be stretching it, because I hear it was only 1 or 2.
Stoneforge was always an absurd card. The problem with it is that there was no real decks it went into at that time (until it found naya) and now because there are more decks that utilizes it, it shows up all over the place.
Stoneforge is kinda like Jace. Jace was $30-40 at one time instead of the $80-100 it is now. Jace just didnt see that much play in standard because there was no deck that played heavy blue and hence, it didn't have a deck to go into. Now it has several and is now sporting a heavy price tag. Everyone knew Jace was nuts.
Stoneforge was $3 for the longest time. It was only when you got this version of Jitte that it became such a powerhouse. This is an instance of a card actually getting better because of a future card, which obviously happens all the time.
There's plenty of other examples of Magic cards that are severly under-rated at the time that they come out (Who would play Necropotance, anyway??). Just because it gets ignored now doesn't mean it won't be proven to be extremely good. And of course there's the opposite, when cards like Time Reversal pre-sell for $30 when it's obvious to anybody with a brain that that card is terrible. This is the Tarmogoyf effect. Nobody wants to be 'wrong' about the next huge dollar card, so they overvalue just about everything pre-release.