The Rarest and Most Valuable Playstation 2 (PS2) Games

The PS2 game library is starting to come to an end, and much the like the PS1 before it, there is a strong selection of collector-friendly titles to choose from.  And if history is any indication, many of these values might fluxate quite a bit over the next few years.   Since the initial publication of this guide in 2010, we have already seen a good deal of fluctuation — partially because of reprints and remakes, but also because of changes in demand as the PS2 loses popularity.

In stark contrast to the Cheapest Games series, this Rare & Valuable series will round up the rarest and most valuable games for a given console or handheld so you’ll know what to look for whether you are buying or selling. Below you will see two prices beside each title. The first is the average daily selling price, which is typically the going rate for the game by itself. The second price is the highest price in the past three months which is usually the price for the new/sealed game.  Note that some of these games are not rare in the sense that there are not many available, but rare relative to demand, which makes the games expensive. (Digg This Article)

Special Note: Music game bundles like Guitar Hero, Rock Band, and Beatmania are not included in this list as the included instruments add quite a bit to the value and would otherwise dominate the list.  I’d rather focus on just games and those that have more collector interest.

Most Valuable Limited Editions

Mushinhime Limited Mushihime-sama Limited Box: $220 – $240
This limited edition version of an already-popular 2D shooter from Cave also includes figurines of the game’s characters, Reco and Kinero.   A sealed copy sold on eBay in 2010 $175, so we’ve seen quite an increase in just two years.  This set doesn’t show up too often, so values may fluctuate.
Check for Mushihime-sama Limited Box on eBay
Street Fighter III: Third Strike Limited Edition: $190 – $230
One of my all-time favorite fighters in a limited edition forms.  As if the game wasn’t great enough, this Japanese release contains a DVD containing battles from the masters of the game, a reprint of a game guide and a 300-piece jigsaw puzzle.

Check for Street Fighter III Third Strike Limited Box on eBay

Metal Gear Solid 3 Snake Eater Premium Package: $90 – $349
It shouldn’t be a huge surprise that Metal Gear Solid is involved in making the list of collectible games (also see below for standard sealed releases).  This particular set was released in Japan with a special DVD, two special booklets and a painted 1/144-scale model of the Shagohod.  A sealed copy recently sold on eBay for $349, but you can also buy new copies on Amazon for about $265.   There have been opened copies on eBay quite a bit for just over $100 asking price will few takers.  Even though I haven’t seen an opened copy have a documented sell in the past month, I would appraise the box set at around $90.
Check for Metal Gear Solid 3 Snake Eater Premium Package on Amazon
Check for Metal Gear Solid 3 Snake Eater Premium Package on eBay
Metal Gear Solid 3 Limited Metal Gear Solid 3 Subsistence Limited Edition: $50 – $150
And here’s another Metal Gear Solid release — this time a US release.  Only availible to pre-order buyers, this special release includes Existence, the game’s cut scenes edited into a three-and-a-half-hour feature film with additional scenes and remastered sound.  Back in 2010, this was going for $125 to $400.  It’s dropped quite a bit in value since then.  The highest on eBay in the past month was $60, but a sealed copy could probably still get about $150 or more.
Check for Metal Gear Solid 3 Subsistence Limited Edition on Amazon
Check for Metal Gear Solid 3 Subsistence Limited Edition on eBay


Valuable Japanese Standard Releases

Ibara Cover Ibara: $180 – $200
Much like the Sega Saturn, the Playstation 2 has a handful of 2D shooters that draw in hardcore fans.   However, since shmups aren’t especially mainstream outside of Japan, they usually remain Japanese exclusives and command high prices.   Ibara leads the pack of regular Japanese releases as there aren’t too many copies of this Cave-developed shooter that typically appear on eBay at any given time.   This release has cooled just a bit over the past two years.
Check for Ibara on eBay
Mushihimesama Cover Mushihime-sama: $90 – $100
Ibara was the last Cave shooter released on the PS2 and probably had a lower print run because of it.  Mushihime-sama is right behind Ibara as it was released about a year beforehand (original PS2 release was in 2005).   Of course, as mentioned above, a limited edition box set was also released and sells for a bit of a premium.
Check for Mushihime-sama on eBay
Princess Lover Eternal Love For My Lady Cover Princess Lover! Eternal Love For My Lady: $80 – $83
The Japanese love their romantic visual novels…. This PS2 release has been tweaked in a handful of ways from it’s initial PC release.  It has remastered graphics, additional scenarios, and the content has been toned down to be a bit more appropriate for younger gamers.   There is also a more limited version of the game availible that has a higher asking price.
Check for Princess Lover! Eternal Love for My Lady on eBay
Espgaluda Cover Espgaluda: $58 – $70
This shooter from Cave is the spiritual successor of it’s 1998 title, ESP Ra.De.   Espgaluda was released on the PS2 in 2004.    The sequel, Espgaluda II, was recently released in 2010 on the Xbox 360 and iPhone, so it will be interesting if we see some additional interest in this PS2 title.   This titles has cooled from it’s $70 – $100 range in 2010.
Check for Espalgulda on eBay
Melty Blood Actress Again Cover Melty Blood Actress Again: $65 – $75
Of course the shooters can’t have all the fun on this list — it’s only fair that we see a 2D fighter on this list of PS2 collectibles.  The Melty Blood series saw a couple Japanese exclusives on the PS2 — the first being Act Cadenza (which goes for about $50).   Actress Again was released 3 years later in 2009.   Of course, being an especially late release it has a rather limited print run and usually stays in the hands of the hardcore crowd.
Check for Melty Blood Actress Again on eBay

Valuable Standard Releases

.Hack 4 Quanantine Cover .hack Part 4: Quarantine: $53 – $142
Now that games like Marvel vs Capcom 2 and Ico have seen re-releases on the PS3, other collectable gems that have remained PS2 exclusives have been able to take over the “most valuable” list.  Much like the original Playstation, the list of valuable games includes a handful of RPGs.  The .hack series is especially popular with RPG fans and collectors.  Quarantine easily tops the list, commanding at least double the amount of most other games in the series.
Check for .hack Part 4 Quarantine on Amazon
Check for .hack Part 4 Quarantine on eBay
Marvel vs Capcom 2 Cover Marvel vs Capcom 2: $45 – $140
Even though there has been a significant decrease of the resale value of open copies of MvC2 since it’s re-release on XBox Live Arcade and Playstation Network, it still tops the list of valuable PS2 games.   Sealed copies of this 2D fighter still command a very high premium to collectors and show up every now and then on eBay.
Check for Marvel vs Capcom 2 on Amazon
Check for Marvel vs Capcom 2 on eBay
Shadow Hearts Cover Shadow Hearts: $32 – $135
This RPG series got off to a bit of a rough commerical start being released just a week before Final Fantasy X in North America.  However, it has gather a number of fans and sequels. The standard complete price for this title has held quite steady, but the trend in the sealed games increasing continues here.
Check for Shadow Hearts on Amazon
Check for Shadow Hearts on eBay
Suikoden V Cover Suikoden V: $34 – $99 (was $28 – $55)
The Suikoden games have long been a staple on the PS1’s list of Rare and Valuable Games.  With the recent shakeup of PS2 values (which often happens a few years after the consoles fades from primetime), Suikoden V has jumped high into the top 10.   Just two years ago in 2010, this game was selling for $28 to $55 — now it’s gone up a healthy amount while other big names are on the way down.
Check for Suikoden V on Amazon
Check for Suikoden V on eBay
Dark Aliance II Cover Baldur’s Gate Dark Alliance II: $34 – $90
While most valuable RPGs are of Japanese origin, we do see some American representation here with Dark Alliance II.   This game isn’t even a PS2 exclusive, but from a sample of eBay listings, there seems to significantly less copies up for grabs than the XBox version.  We’ve seen standard complete copies dip in value just a bit since 2010, but much less than most of the big names.  Sealed copies, however, has risen in value a healthy amount.
Check for Dark Alliance II on Amazon
Check for Dark Alliance II on eBay
Rule of Rose: $40 – $88
This psychological horror game from cult-classic factory, Altus has been a bit of a hidden game since it’s release in 2006.  Since then it has gradually risen in the ranks of collector’s pieces of the PS2 library.  This is an up-and-comer to keep an eye on.
Check for Rule of Rose on Amazon
Check for Rule of Rose on eBay
Wild Arms Alter Code F Cover Wild Arms – Alter Code: F: $35  – $74
Wild Arms was a cult classic on the PS1 and Alter Code: F served as a remake for the PS2 and features 3D environments, more playable characters and other improvements.   Apparently collectors approve the remake as it has been climbing the charts on this PS2 list while the PS1 original is still significantly cheaper.
Check for Wild Arms – Alter Code F on Amazon
Check for Wild Arms – Alter Code F on eBay
Devil Summoner Cover Shin Megami Tensei: Devil Summoner Raidou Kuzunoha vs. The Soulless Army : $28 – $95
The Shin Megami Tensei series once had a strong representation on this list before reprints  brought down the values of many of the games.   Raidou Kuzunoha vs. The Soulless Army was the first of the Devil Summomer games localized for English audiences (the original games were on the Japanese Saturn) and also remains as one of the few in the series to hold its value..   Much like Dark Alliance II, we saw a drop in normal complete copies over the past two years, but sealed copies have risen slightly.
Check for Devil Summoner on Amazon
Check for Devil Summoner on eBay
.hack G.U. Vol 3 Redemption Cover .hack G.U. Vol 3 Redemption: $30 – $70
The .hack franchise has a strong presense on this list and this final chapter in the G.U. series  has cracked the top 10 list this time around.   (Volume 1 isn’t far behind either)
Check for .hack G.U. Vol 3 Redemption on Amazon
Check for .hack G.U. Vol 3 Redemption on eBay
Ico Cover Ico: $20 – $70
Much like Marvel vs. Capcom 2, we have seen a HUGE drop in value of Ico after a re-release.  Even though it was a full HD retail release at a higher price point on the PS3, the relelease left the original PS2 version out in the cold with collectors.  Instead of garnering $50 to $120 for a PS2 copy, you can now snag it for less than half that price.  Ico had long been a underground favorite of the PS2 library.  Once it’s spiritual successor, Shadow of the Colossus, gained fame, Ico’s profile has increased and the value of the game has stayed solidup until the re-release.  It is still one of the harder PS2 classics to find and a sealed copy is still work a good deal to collectors.
Check for Ico on Amazon
Check for Ico on eBay

Valuable Sealed US Games

(not an extensive list — only based on recent completed eBay Auctions with bidders)

  • Final Fantasy X (Black Label) – $385
  • Klonoa 2: Lunatea’s Veil: $192
  • Shadow Hearts Covenant: $160
  • Final Fantasy XII Collector’s Edition: $154
  • Metal Gear Solid Essential Collection $125
  • Kingdom Hearts (Black Label) $95 – $107
  • Metal Gear Solid 2: Sons of Liberty (Black Label) – $104
  • Baldur’s Gate: Dark Alliance II – $89
  • Contra Shattered Soldier – $85

Additional Games of Value

Japanese Limited Editions

  • Musou Orochi 2 Treasure Box – $125 – $212
  • Fate Unlimted Codes Limited Edition Box: $75 – $249
  • Suzumiya Haruhi no Tomadoi Limited Box: $50 – $120
  • Zone of the Enders Premium Package: $60 – $140
  • Growlanser: Generations Deluxe Pack: $78 – $122
  • Psyvariar Complete Edition Special Capture Box: $50 – $80
  • Melty Blood Actress Again Limited: $80 – $100

US Limited Editions

  • .hack  G.U. vol.1 Rebirth Limited: $150 – $160
  • Bully – Limited Edition Box Set w/ Comic & Dodgeball: $40 – $90

Japanese Standard Releases

  • PSIKYO Shooting – Sol Divide & Dragom Blaze: $70 – $105
  • King of Fighters 2002 Unlimited Match: $65 – $87
  • Kingdom Hearts II Final Mix: $52 – $78
  • Dodonpachi Dai Ou Jou: $55 – $60
  • Prism Ark Awake: $50 – $60

US Standard Releases

  • Shadow Hearts: Covenant: $25 – $164
  • .hack G.U. Vol 1 Rebirth: $30 – $60
  • Futurama: $30 – $36
  • Dark Cloud 2: $25 – $64
  • The Warriors: $25 – $40
  • Digimon Rumble Arena 2 – $25 – $50
  • Firefighter FD 18: $29 – $63
  • Haunting Ground – $25 – $45
  • Silent Hill 3:  $25 – $46
  • Digital Devil Saga: $20 – $44
  • Shin Megami Tensei: Digital Devil Saga – $26 – $45
  • Shin Megami Tensei: Digital Devil Saga 2: $20 – $36
  • Gitaroo Man: $20 – $40


Mike says:

Beautiful article racket. Just ran to my local Gamestop and picked up quarantine for $30 and I plan to resell it. I remember when ICO was $20 at Gamestop. Coulda added a classic to my collection for cheap.

Jerkface killah says:

I was lucky enough to preorder subsistance back when I worked at EB Games. I also picked up a used ico there for $17.99. Nice gems to have I guess.


Craig says:

The Shin Megami games were much more valuable a year or two ago. Atlus re-issued them, which killed their market value.

vgm says:

I guess my first-run, sealed copy of Persona 4 isn’t gonna be worth much in ten years… =(

Raz says:

The European version of Subsistance comes with the limited edition disk as stand, as an apology for releasing so late.
It can be bought for around £45

Tankninja says:

Street Fighter III 3rd Strike Limited Edition (Japanese release) is also pretty damn expensive heh.

Agent75 says:

I’ve got a press/review copy of UK Shadow of the Colossus (ICO 2). It even comes with the cover which inside shows the controls etc. I’m not sure how much it’s worth, but I’m guessing it’s more rare than say a retail/rental copy.

the vamp says:

I actually have a sealed copy of Xenosaga III. the reason for that is cuz i love rpg’s so i bought Xenosaga 1 to 3 on the same day thinking i would love them. I was so wrong

the7k says:

He he he… I got MGS3:Subsistence Limited Edition for $10 at a pawn shop.

Brian says:

wow, I didn’t know that Bully box set went for so much. I’m glad I never inflated that dodge ball 🙂

32xforever says:

What about rare PS2 PAL games.

505 gamestreet games such as Raiden 3 o Raw Danger are extremely rare.

Masters of the Universe is also very rare and Pal only.

Racket, I think you are missing TOP PAL rare games.

wip3outguy7 says:

Gamestop oversold the hell out of MGS3 Subsistence SE. There were many more preorders (money down) than there were Special Editions. Gamestop failed to instate a cut off or there was a breakdown in communication between GS and Konami over the amount of units that would be available. The Gamestop I bought my SE from had around 10 “paid in full” preorders but only 2 SEs arrived.

To my knowledge, the Subsistence Special Edition was only released in the United States and Canada did not receive shipments at all.

Those two factors caused the game to jump to over $200 in value on eBay the minute it hit shelves.

wip3outguy7 says:

^arg… I meant MGS3 Subsistence “LE”

Discoalucard says:

Masters of the Universe isn’t rare is it? There’s one on eBay for less than four pounds:

The Megami Tensei games will go back up in value in a few years once the supply of reprints is exhausted. Persona 2 was reprinted about five years ago and it dropped to less than $30 for a period, but now it’s back up to $60+.

32xforever says:

Discoalucard, a lot of people misunderstand the concept of rare game as you did. A rare game does not imply an expensive game.

32xforever says:

In fact It is too soon to see ultra high prices on PS2 games. Just take into accont that some game and gamestop stores still have stock of some ps2 games and a lot of second-hand ps2 games.

Let’s wait a couple of years and then try to get you PAL copy of raiden 3, raw danger, MOTU…


I think ICO will just keep going up in value. The one to get is either Japanese or the PAL DVD versions with extra features.

AWESOM-O says:

When LE are included, Wander to Kyozō is definitely the most expensive ps2 release. Also the 3rd strike,
KoF Orochi and garou: motw boxes with neo stick should be mentioned.

Wry Guy says:

Hmm, good representation by the SMT games for certain. If I may mention a couple of things, though? I don’t know if you’d bother to add these details in or if you are monitoring the comments but Devil Summoner, Digital Devil Saga 2, and Nocturne all have some interesting tidbits about their value.

1) Devil Summoner was not a traditional SMT game in the least. Hardcore fans scoffed it because of its relative lack of challenge and how far a departure it was from the rest of the series. While some thought it was a breath of fresh air, the majority paid little attention to this game. It was only once the sequel was announced and Persona 3 had made this series more popular that the value of this game rose. There was a point where it had plummeted to the value of a GameStop bargain bin title at around 10 dollars. Maybe less.

2) Digital Devil Saga and Digital Devil Saga 2 have both been reprinted, but the original box set of the game still commands a relatively high value. Digital Devil Saga 1 initially came with a very nice box and soundtrack, with the box helping to build anticipation for the fact that this game was essentially a two-parter. There was space in the box for both games, and if you have both games and the box set the value about doubles.

3) While Nocturne has also been reprinted, the original print is still far far more valuable. The reprint is rumored to have some bugs the original does not such as freezing, but I don’t think anyone had ever proven this. What really makes it valuable is the fact that the original comes with a soundtrack CD that the reprint does not. The original print of the game in mint condition can still command a solid 100 dollars when the supply gets short. Right now it commands about 60.

shwisha says:

That is a pretty boring list. Not much variety they’re mostly anime games.

Anon says:

@ shwisha – you’re boring me with your gripes.

Good God. I guess I should hold on to every game that I get and pay close attention to what could be valuable. That one classic “golden” nintendo game sold for thousands, but I can’t remember the name of it.

racketboy says:

Thanks for the feedback, everyone. Yeah, reprints really screw with lists like this. We’ll have to see how things pan out in the next year or two.

I would like to do more PAL info — I just don’t have many good sources of info — maybe I need someone in the know to help out 😉

As for other box sets, there are so many and I hesitate to include ones with controllers included as they skew the prices quite a bit… just like the Guitar Hero/Rock Band bundles.

Hamlet says:

Marvel vs. Capcom 2 should not be consider rare. Is avaliable on xbox live and that has made the price value plomet. In my opinion Skygunner from atlus is never mention as a rare game, I only found one copy ever, and never again have I seen it.

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