Magic: The Gathering Alpha — values & graded prices
The first Magic printing ever. 1,100 print run on the Black Lotus. Alpha is the Reserved List's crown jewel — Power 9 in graded condition are six- and seven-figure cards.
Chase cards from Alpha (1993)
Grading notes for Alpha
Alpha cards have rounded corners (unique to Alpha printing) and are notoriously off-center. BGS is the preferred grader for MTG vintage — a BGS 9.5 typically outsells PSA 10 for Power 9. CGC 10 Pristine is gaining traction. Never crack an Alpha holder without a plan.
Alpha grading FAQ
How much is a Black Lotus Alpha?
Raw played Alpha Lotus is $50k–$100k. BGS 9.5 Alpha Lotus has traded $500k+. A BGS 10 Alpha Lotus sold for over $3M in 2024.
PSA or BGS for MTG?
BGS. MTG vintage collectors prefer BGS 9.5 Gem Mint and BGS 10 Black Label. PSA 10 exists but usually trades 20–40% under BGS 9.5 for the same card.
How do I identify an Alpha card?
Rounded corners (much rounder than Beta or later). Alpha has a slightly different card back tone. Check for the copyright — Alpha has none; Beta introduced it.