Magic: The Gathering hides ultra-rare "One Ring" card, sparking frenzied demand and skyrocketing prices
- The card game company Wizards of the Coast hid a single, special card representing the One Ring from The Lord of the Rings in packs of their new Middle-earth-themed card set.
- The stunt led collectors to spend over $500 on boxes of cards in hopes of finding the rare One Ring card.
- Prices for the new card set have doubled, demonstrating how the company's decision to stop listing recommended retail prices has allowed investors and collectors to drive up costs.
- If the One Ring card remains unfound, prices could climb even higher on the secondary market where collectors buy and sell cards.
- The promotion and price surge are part of Wizards of the Coast's effort to expand the popularity of Magic: The Gathering with new franchises and audiences.