But wait! The Hermit has not been completely forgotten. As it turns out, people really like Hermit foils. They even spiked to $3.50 in price shortly after the release of Shadows Over Innistrad and have maintained roughly a $2 price tag since then. In Magic Online, they've been highly sought after, as well, mostly in completing foil sets for redemption, but there's more to it than that. People are holding on to foils of this guy. Why exactly? They don't see play in really any format. Kitchen table players like foils, sure, but they don't usually actively buy 4 at a time. What's up with this price?
There's actually a fairly simple explanation. When all of these cool new Werewolves were released with Shadows Over Innistrad (some of them are pretty damn good actually), a lot of speculators bought up foil copies of any Werewolf that seemed halfway decent. Was this a good strategy? Probably not. But the Hermit is a good card that can do some work in certain metagames full of Spirits and/or control decks being a major part of the scene.
I wouldn't spend my money buying Hermit of the Natterknolls foils. However, I would pick these up in non-foil as trade throw-ins or out of bulk bins. I don't mind having a playset or two of these in case they ever become worth something. Who knows, they may be a dollar each some day. I'm not betting on it at all, but at least I know that people will probably want these down the road.