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.
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| # | Game | Loose | CIB | Collectors |
|---|---|---|---|---|
| #1 | James 'Buster' Douglas Knock Out Boxing (1990) | €392.42 | — | — |
| #2 | Golden Axe Warrior (1991) | €153.35 | €294.23 | — |
| #3 | Woody Pop (1987) | €146.50 | — | — |
| #4 | Geraldinho (1995) | €139.52 | — | — |
| #5 | Montezuma's Revenge featuring Panama Joe (1989) | €125.99 | — | — |
| #6 | Bubble Bobble (1988) | €122.08 | — | — |
| #7 | The Smurfs (1994) | €109.17 | — | — |
| #8 | Mortal Kombat (1993) | €94.59 | — | — |
| #9 | Danan: The Jungle Fighter (1990) | €93.81 | €98.42 | — |
| #10 | Mônica no Castelo do Dragão (1991) | €87.20 | — | — |
| #11 | Sega World Tournament Golf (1993) | €78.49 | — | — |
| #12 | Bank Panic (1984) | €74.13 | — | — |
| #13 | Phantasy Star (1987) | €73.08 | €158.46 | — |
| #14 | Alex Kidd: BMX Trial (1987) | €72.37 | — | — |
| #15 | Alex Kidd in Shinobi World (1990) | €58.03 | €122.48 | — |
| #16 | The Simpsons: Bart vs. The Space Mutants (1991) | €54.87 | — | — |
| #17 | James Pond 2: Codename: RoboCod (1993) | €51.20 | — | — |
| #18 | The Lion King (1994) | €47.96 | — | — |
| #19 | Alf (1989) | €47.46 | €171.01 | — |
| #20 | Scramble Spirits (1988) | €39.90 | — | — |
| #21 | Ys: The Vanished Omens (1988) | €38.92 | €80.58 | — |
| #22 | Ghouls 'n Ghosts (1991) | €38.57 | €122.85 | — |
| #23 | Rampart (1993) | €34.86 | — | — |
| #24 | Psycho Fox (1989) | €34.62 | €77.87 | — |
| #25 | Dick Tracy (1990) | €33.22 | €157.47 | — |
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