Magic: The Gathering | The Hobbit TCG Release Day Hot and Cold List

Last Laugh 68/143 – Torment, Rare

The biggest mover of the past two weeks is a four-mana, black Enchantment from 2002 that sat unloved for two decades.

Last Laugh deals 1 damage to each creature and each player whenever a permanent other than itself goes to the graveyard from the battlefield, and it sacrifices itself when no creatures are left.

Treasure tokens are permanents. Cracking one for mana sends it to the graveyard, which is where the new Smaug comes in.

Non-foil copies sit near $10 across several selling platforms. The foil printing has a market price closer to $29.

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Smaug the Impenetrable 9/158 – The Hobbit Eternal, Rare

Here’s a seven-mana Dragon with an 8/7 body that has flying, indestructible, and haste, and it creates a Treasure token for every point of noncombat damage it takes.

Pair it with Last Laugh and the two abilities feed each other because sacrificing a Treasure triggers the enchantment, the damage hits an indestructible Dragon, and the Dragon replaces the Treasure you just spent.

A second demand driver is Sahir, Visitor in Darkness from the upcoming Mystery Booster: Commander Edition, which rewards damage dealt to you.

Brewers found the loop quickly, and EDHREC has tracked it in more than 2,800 decks as a commander. Pricing is roughly $29 to $35.

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Smaug the Magnificent 229/321 – The Hobbit, Mythic Rare

The Dragon hoard frame Smaug was the set’s most hyped pull outside the gleaming gold headliner, and it’s coming back to earth.

John Tedrick’s version of the four-mana 4/3 was carried well past what release week supply supports, and copies are now selling anywhere from $37 to $52 depending on which source you check.

None of this makes the card bad. Smaug led the set in early EDHREC brewing data, and the artwork is a genuine centerpiece.

But anyone who bought at the prerelease peak is underwater today, and the usual post launch pattern says supply keeps arriving for several more weeks.

The plain main set printing (110) is the value play here, sitting near $29.

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Gleaming Splendor 239/321 – The Hobbit, Mythic Rare

The borderless Gleaming Splendor follows the same story. It’s two mana white enchantment, which hands you a Treasure whenever an opponent draws their second card in a turn and can be activated for three mana to have two target players each draw.

That is a real Commander card, and it was among the treatments collectors talked about most during spoiler season.

It is currently trading in the low to mid-$80s, down meaningfully from where preorders had it.

Kekai Kotaki’s standard main set printing (15) sits near $43.

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Bilbo, Thief in the Night 33/321 – The Hobbit, Mythic Rare

Bilbo is a two-mana, 2/2 Legendary Halfling Rogue that reduces the cost of spells cast from anywhere other than your hand by one, and lets you cast an artifact, instant, or sorcery from your graveyard whenever it attacks.

Instants and sorceries cast this way get exiled instead of returning, so it’s one reuse rather than a loop.

The main set copy is holding in the high-$20s to mid-$30s while the expensive treatments slide.

The premium on this card has concentrated almost entirely within the surge foil (255), which is asking well into the hundreds.

If that pattern holds across the set, the treatment gap collapses the way it did on the Tales of Middle-earth cards, and the surge foils are the only versions that hold a real spread.

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