Top 25 most expensive SMS games by loose market value — prices from real eBay sales
The Sega Master System (1985/1986) was Sega's answer to the NES and, while it lost the console war in North America, became genuinely dominant in markets like Brazil and parts of Europe. That regional split matters for collectors: PAL and Brazilian-market cartridges can differ meaningfully in scarcity and pricing from their North American counterparts for the same title.
This list shows the most valuable Sega Master System games based on current loose market prices sourced from eBay. Values are updated regularly and reflect real collector transactions. CIB (Complete in Box) values are typically 2–5× higher than loose prices.
Ranking by loose price surfaces a different set of standout titles than ranking by collector demand — a game can be genuinely valuable on the resale market without being widely collected, or the other way around, especially on a smaller-library platform like SMS where a handful of scarce releases can dominate the top of the value chart.
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| # | Game | Loose | CIB | Collectors |
|---|---|---|---|---|
| #1 | Dallyeora Pigu-Wang (1996) | €772.46 | — | — |
| #2 | Power Strike II (1993) | €456.78 | — | — |
| #3 | X-Men: Mojo World (1996) | €392.42 | — | — |
| #4 | James 'Buster' Douglas Knock Out Boxing (1990) | €392.42 | — | — |
| #5 | Virtua Fighter Animation (1996) | €349.76 | — | — |
| #6 | Sonic Blast (1996) | €349.76 | — | — |
| #7 | Cosmic Spacehead (1993) | €332.57 | — | — |
| #8 | Sítio do Pica-Pau Amarelo (1998) | €314.82 | — | — |
| #9 | The Flash (1993) | €285.39 | — | — |
| #10 | As Aventuras da TV Colosso (1996) | €284.63 | — | — |
| #11 | Baku Baku (1996) | €262.56 | €192.89 | — |
| #12 | Buggy Run (1993) | €262.35 | — | — |
| #13 | Battlemaniacs (1996) | €249.86 | — | — |
| #14 | Game Box Série Esportes (1996) | €196.48 | — | — |
| #15 | Castelo Rá-Tim-Bum (1997) | €174.89 | — | — |
| #16 | OutRun 3-D (1988) | €172.47 | — | — |
| #17 | Ultima IV (1990) | €159.37 | — | — |
| #18 | Golden Axe Warrior (1991) | €152.54 | €281.09 | — |
| #19 | The Incredible Hulk (1994) | €149.62 | — | — |
| #20 | Woody Pop (1987) | €146.50 | — | — |
| #21 | Geraldinho (1995) | €139.52 | — | — |
| #22 | Terminator 2: Judgment Day (1993) | €136.67 | — | — |
| #23 | Psychic World (1991) | €132.85 | — | — |
| #24 | Aleste (1988) | €131.18 | — | — |
| #25 | Mortal Kombat 3 (1995) | €131.18 | — | — |
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