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> sneakers have more intrinsic value to people than either MtG cards or Beanie Babies do

I'm pretty sure MtG cards have a lot of intrinsic value to the people who play with them. Much more than collectable sneakers.

Also, I don't think regular playing cards are comparable goods to MtG cards. You can't play MtG with them!

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But if people didn't care about counterfeits, you could make your own cards, right? For any non-collectible card game, noone would care if the cards are "authentic" or not.

This is sort of like the difference between original art and a high-quality replica. Market value has its own logic that's often independent of use-value.

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