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The old bundles aren't smaller. The way it works is that you get 4 new books in each bundle, plus whatever older books Baen reissued that month (a pretty random number). Thus, the minimum bundle size is 4 books; there is no maximum size.
The price increased from $12 to $18 a few years ago.
I've bought every bundle from when they started (which was, I think, around 1998).
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