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why is the first generation always so much more expensive than the other generations, even though the item is basically the same

O.G. Gaian

Because it's "the original". The first. Thus demand is greater. And most people end up buying later generations, once they've seen what some of the poses of later generations look like. In other words, not as many first-generation items are bought from the cash shop in the first place. In other words, the supply is less than that of later generations. Bottom line: supply and demand.

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