Unless I am missing something, this effect is a little lame unless you have some effect that benefits from it, and I have not come across it yet in these cards (something like 'whenever an opponent draws a card, they lose 1 life')
This has already demonstrated how high it can go and I plan to buy a lot of copies of this for personal use before I even start to speculate
In the 1993 MTG Alpha set, the cards are designated as common, uncommon or rare, and it has been estimated that only 1,100 of each "rare" card was produced
Only each other. Illustrated by Andrey Kuzinskiy Standard Not Legal Alchemy Not Legal Pioneer Legal Historic Legal Modern Legal Brawl Legal Legacy Legal Comp
The closest thing to a Black Lotus reprint was when it and the rest of the Power Nine were brought into Magic Online, via the Vintage Masters set, where it was designated a Mythic Rare