A single, one-of-a-kind Magic: The Gathering card has surfaced-the fabled The One Ring. Valued by collectors and players alike, its discovery ends months of speculation and marks a milestone in trading card history.
Magic‘s latest set of cards, titled The Lord of the Rings: Tales of Middle-earth, was created in coordination with Middle-earth Enterprises (MEE) to celebrate the original novels by J.R.R. Tolkien. The set includes many copies of The One Ring, including perforated versions meant to be torn apart at the table. But publisher Wizards of the Coast also created a singular copy, covered in gold foil and etched with the original Elvish Black Speech inscription.
When Tales of Middle-earth launched at retail stores on June 23, The One Ring was said to be included inside Collector Boosters, high-end packs with 15 cards inside each one. The promotion caused the price of Collector Booster Boxes to climb past $518 – nearly twice what similar products normally cost at launch.
“The One Ring in Tales of Middle-Earth reflects the ring’s unique role within The Lord of the Rings,” Wizards of the Coast said in a statement to AELGAMES. “Our team, along with our partners at Middle-earth Enterprises are thrilled to hear tale of a new Ring-bearer in possession of the unique serialized 1:1 The One Ring card and brought this part of the One Ring’s adventure to a close.”
<
Should the bearer of The One Ring choose to accept it, a reseller in Spain is offering more than $2 million, plus a trip to Europe, in exchange for the card. On Friday, a New York-based reseller called Twitter had reportedly taken receipt of the card, but is not able to exceed its previously offered bounty of $1 million. The owner is accepting serious offers via its attorney through an email address, [email protected], which appears to be managed by a Canadian marketing firm.
Turns out that this Universes Beyond set is actually great for teaching new players the game, with loads of powerful cards included in its starter set. Read more in our feature story.
Update (12:27 p.m. EDT): AELGAMES spoke Friday with Jeff Tyson, co-owner of Maximum Cards and Collectibles in Whitby, Ontario. Tyson said that The One Ring was found by the cousin of a regular customer, who learned of the epic pull while in the store. That individual placed the card in a bank vault, secured legal representation, and then arranged for the card to be graded by PSA. It’s not known at this time where the card was purchased or what the owner plans to do with it.
Update 2 (2:29 p.m. EDT): The anonymous owner of The One Ring is currently accepting serious offers in excess of $1 million through an attorney. We have updated the original story to reflect this.
Magic: The Gathering – Tales of Middle-earth Starter Kit
$24$3633% off $24 $24 at Amazon
What is the current estimated value of the One Ring card after grading
The One Ring card from Magic: The Gathering’s Lord of the Rings set, the unique serialized 001/001 version graded PSA 9 (Mint), lacks recent public sales data as of January 2026, making precise current valuation speculative.
Initial Valuation
Post-grading in June 2023, estimates and offers quickly reached $2 million, fueled by its one-of-a-kind status and celebrity interest like Post Malone’s reported $2 million bid.
No confirmed sale occurred publicly at that time, leaving the owner anonymous.
Current Estimates
Price tracking sites list an ungraded or baseline estimate around $2 million, explicitly noting this as an algorithmic guess derived from other grades, rarity, and age rather than actual transactions.
Higher grades like hypothetical PSA 10 spark speculation of 1.5x to 2x premiums in collector discussions, but no such card exists.
Market Factors
Its value holds due to extreme scarcity-only one copy exists-outpacing even high-end Black Lotus sales, though sustained interest depends on private auctions or listings.
Grading confirms authenticity and condition but minim and age rather than actual transactions.
Higher gr
What is the current market price for ungraded The One Ring card variants
Ungraded The One Ring card variants from Magic: The Gathering’s Lord of the Rings set vary significantly in market price based on their specific printings, with current data from price tracking sites as of late 2025.
Common Variants
Standard non-foil #246 trades around $63, reflecting low-volume sales and playability in competitive formats.
Borderless versions hover near $80-$90 on average across sites like MTGStocks.
Premium Foil Variants
Alternate art borderless foil #748 ungraded lists at about $701, buoyed by collector demand despite infrequent trades.
Foil borderless editions reach $95-$100 in recent listings on TCGPlayer.
Price Trends
Values for playable variants like #246 remain stable due to Modern format demand, with PSA 10s climbing to $277+.
Premium foils show slight upward trends in graded copies but thin liquidity overall.
