According to an article on DailyMTG.com today Oct. 22, 2013 Ancestral Recall, one of the most notorious "Magic: The Gathering" cards ever printed, will be reprinted in "Vintage Masters." Part of the "Power 9" and "big three" blue spells from the game's first set "Alpha," Ancestral Recall was also printed in "Beta" and "Unlimited." It was also featured in "Collector's Edition" and "Collector's Edition International," however neither of those two square-edged and gold border-backed sets are considered legal for tournament play.
Ancestral Recall - U
Target player draws three cards.
Often found with Mystical Tutor or Merchant Scroll, Ancestral Recall digs deep into you deck helping you find answers, threats, or combo pieces. It's important to note that in rare circumstances you'll be able to use Ancestral Recall to win by forcing your opponent to draw a cards from their library when they can't.
Ancestral Recall is restricted (limited to one copy between your deck and sideboard) in the only DCI Sanctioned format where this epic spell still sees play: Vintage. There's been numerous attempts at creating fixed versions of the spell, the closest of which is Ancestral Visions that'll make you wait three turns. In the right deck, Visions of Beyond is an Ancestral Recall.
The most prestigious substitute is Brainstorm, and even in the severely neutered form of Ponder it's still restricted. These days the closest substitute to Ancestral Recall without any drawbacks and at instant speed is Jace's Ingenuity, which costs a whopping five mana.
How will you use Ancestral Recall?
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