Summary
InMagic: The Gatheringthere are many cards that create tokens. These are permanents that can only exist on the battlefield, and once they leave they will go away. Anything can be used to represent a token, but there are also official tokens to correlate to the tokens cards create.
Generally speaking, tokens are usually worth pennies as they are included in most packs now, and not even required to play. However, there are special tokens created for promos that are worth far more than the cards that make them. Their unique art and exclusivity are the main reasons tokens can be expensive.

The prices for these tokens are taken from the market price listed onTCGPlayer.com.
10Angel Token (DMU Japanese Promo Tokens) - $33.16
Fly Your Wallet High For This Angel
The Angel token is a 4/4 with flying, with plenty of ways to generate it as many cards create Angel creatures with that stat.Fans of Angel deckswill be familiar with how common a token with this statline are made while playing one.
This Angel token was released alongside five other tokens, given out to players who purchased five packs of the then-new Dominaria United set in 2022. Some stores would let you choose which of the five tokens you would get, while others were completely random. Its limited release window and Japan exclusivity shot the value for this token much higher than the other Angel tokens.

9Sliver Token (Magic Player Rewards 2003) - $33.25
Tokens For The Sliver Queen
For quite some time, the Magic Player Rewardart of the Sliver tokenwas the only way to get a Sliver token with the original design and not the anthropomorphic version of them. It wasn’t until March of the Machine Commander decks that this art would be re-used almost 20 years later.
The Magic Player Rewards was an old program where players were given a promo for every five tournaments players entered. These tokens were eventually replaced with textless cards, and with the unique designs, the tokens from this time are very valuable.

8Spirit Token (Magic Player Rewards 2001) - $34.60
The Angel-esc Spirit Token
The Spirit token for Magic Player Rewards was a part of the first-ever wave of tokens for this promo. This particular Spirit token represents one with flying with a 1/1 statline, originally created to represent the tokens generated from March of Souls.
The Magic Player Rewards were unique at the time as they were released during a time when tokens only existed in the Unglued set and weren’t able to be obtained through other means. As such, these tokens were highly sought after due to their unique status in Magic’s history.

7Servo // Thopter Token (League Tokens 2016) - $34.63
Most Expensive Double-Sided Token
During the 2012-2019 period, Magic Leagues were available at various local game stores where players could partake in Sealed leagues, where the winners would be given an exclusive foil token card. This Servo Token was the reward for top placers for the Kaladesh leagues in 2016, and featured a 1/1 Thopter token with flying on the backside.
Despite either side of this token not being made frequently, the card still holds a high value. It was attached to a popular set during one of the peaks of competitive play. Since it was a prize card, the value is much higher than the average token.

6Squirrel Token (Magic Player Rewards 2002) - $42.95
Never Again Used Art
Squirrels in Magicspent a while being very uncommon up until the creation of Modern Horizons sets where they frequently featured. Despite only six cards being printed that created Squirrel tokens at the time of this token’s release, it was still featured as one of the Magic Player Rewards in 2002.
There have been plenty more Squirrel tokens released since the Magic Player Rewards printing, but never with the art used for it. Since Squirrels are a popular creature type, this token fetches a high price on the secondary market.

5Saproling Token (Magic Player Rewards 2001) - $48.40
Common Token, High Price
Saprolings are one of the most commonly created tokens for many decks. There isno shortage of ways to create Saproling tokens, and the Magic Player Rewards version is the most expensive version of it by a wide margin.
The art was only used one other time as a part of the tokens used in Dominaria Remastered. Despite the art being re-used, the original printing is still one of the most expensive tokens due to its special part of Magic’s history and unique art frame compared to most tokens on the market.

4Beast Token (DMU Japanese Promo Tokens) - $67.70
A Beast On Your Wallet
A 3/3 Beast token is one of the most common tokens needed for Commander playersdue to the popularity of Beast Within, used in almost every green deck with how good of a removal spell it is. As such, this version of the Beast token is one of the most expensive tokens out there.
The art features a cute raccoon, which likely also contributes to the price tag. It’s both hard to obtain and exclusive to one region, making it highly sought after for many different reasons causing its price to be worth more than some of the most popular staples.

3Soldier Token (Dominaria United Southeast Asia Tokens) - $86.00
Mural-Based Token
This Soldier token is not just exclusive to the Southeast Asia region, but required you to pre-order at least $140 of Dominaria United-related products to actually obtain. It was created with stained glass imagery, making up a mural of two other tokens included in the set (an Angel and a Zombie).
Not only is this token very hard to obtain, but it also contains a misprint. The type for Soldiers is simply Soldier, not Human, so the typing on this token is incorrect. All of this cultivates in one of the most expensive tokens in the entire game.

2Construct Token (The Brothers' War Southeast Asia Tokens) - $98.40
Constructing Value
Another exclusive token to the Southeast Asia region, this Construct token is among the most expensive tokens of all time. Similar to the DMU Solider token, this Construct token was not just region-exclusive, but required spending a lot of money in order to actually obtain it.
Construct tokens are also very popular, largely thanks to being made from Urza’s Saga and Urza, Lord High Artificer. It also has unique stained glass artwork as part of a mural set of three, all factors leading to its high price tag. If you want a full mural set, you better be prepared to drop a ton of money for it.

1Treasure Token (Lunar New Year 2018) - $169.24
The Real Treasure
Treasure tokens are one of the most common tokensin all of Magic, being made almost every set. However, the Lunar New Year promo is one of the hardest versions of a Treasure token to obtain. It was only available for a short period of time, and only available in Asia-Pacific regions.
The art depicts the Chinese myth of the money tree, fitting for a Treasure token. Its exclusivity and usefulness across every format in Magic leads to the most expensive token in the entire game. Although they were common at the time, the value of them has only gone up as the years have gone by.