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In the case of the above card the scarcity is actually real. Only 3200 were ever printed in they year 1993 and this card is on the 'reserved list', meaning Wizards of the Coast have vowed never to reprint it. How many are left in the world after 25 years of floods, wars, babies eating them, wear and tear loss etc..?

https://mtg.gamepedia.com/Reserved_List

There's a lot of debate about this list, some love it, some hate it, but it does do one thing for sure, it makes these cards desirable.