Gandalf, Goblins' Bane (Borderless) Price

Updated 2026-07-22

Gandalf, Goblins' Bane in the Borderless treatment from The Hobbit is one of the marquee mythics from Magic's first Tolkien-licensed expansion set. The Hobbit arrived as a premium product with collector-targeted print runs, keeping supply tighter than standard set mythics. The borderless art frame commands a meaningful premium over the base version, and Gandalf sits at the top of the set's demand curve as a recognizable character with Commander utility. The Lord of the Rings licensing deal gave Magic direct access to the Tolkien IP estate, and The Hobbit expanded that coverage. Collector demand here is driven by both Magic players seeking a Commander option and Tolkien fans treating the card as a licensed collectible. This is not a rotation-driven play. It is a premium collector piece whose value tracks the strength of the Tolkien-licensed card segment and the health of the high-end Commander singles market.