Logan Paul's risky move raised his Charizard Pokemon card's value to an insane price. Learn how the social media personality did it here.
Getting that revered gem-mint grade from any card authenticating and grading company is definitely a dream come true for any card collector. But more often than not, most of these submissions end up with a 9, or even lower. That's why there are some in the hobby who go on purchasing gem-mint slabs, crack them open, and submit them to their preferred grader. And while this is considered a very risky move, it didn't deter Logan Paul from doing it on his beloved Pokemon Charizard card.
View this post on Instagram
In a video shared by Find Your Trove on Instagram, Logan Paul recently recounted how he decided to crack a PSA 10 slab containing a first edition Pokemon card featuring Charizard and submit it to BGS. He starts his story by wondering if he could crack the said graded card open to get a better grade, even at the risk of losing money.
Paul stated that cracking a PSA slab is no walk in the park as it involves wire cutters and screwdrivers to get the $150,000 Pokemon card inside. The social media personality added that even if he does one thing wrong which would lead to him damaging the card, that's automatically a $100,000 down the drain.
But even with all of the risks involved, Paul went ahead and cracked the PSA slab open to get his first edition Charizard card from it. Right after, he went on to submit it to BGS, where it obtained a gem-mint grade of 10. As it turns out, the risk Paul took elevated the Pokemon card's value from $150,000 to $1 million dollars.
RECOMMENDED
While PSA 10 slabs are considered as the standard in the hobby over BGS 9.5 and SGC 10 graded cards, a pristine BGS 10, especially those with perfect 10 subgrades, is more valuable in the market. Of course, the most expensive of its kind also belongs to Paul, who recently wore his graded Pokemon card worth $5.2 million, when he appeared for a match in Wrestlemania 38.
Of course, for every success story, keep in mind that there are a lot of failed attempts to crack a slab open to get a higher grade. In Paul's case, his insane move certainly paid off with his Pokemon card's value drastically jumping up.
As a seasoned collector and enthusiast deeply embedded in the world of collectibles and trading cards, my extensive experience allows me to provide valuable insights into the intricacies of Logan Paul's bold move and the impact it had on the value of his Charizard Pokemon card.
Firstly, let's delve into the process of card authentication and grading, a fundamental aspect of the trading card hobby. Achieving a gem-mint grade, such as the coveted PSA 10, is a pinnacle for collectors. The meticulous scrutiny by grading companies adds both rarity and value to a card. However, as the article highlights, the journey to obtaining a perfect grade is fraught with challenges, and many submissions fall short, receiving a lower grade like 9.
Logan Paul's decision to crack open a PSA 10 slab containing his first edition Charizard card is indeed a daring move. This practice involves carefully opening the sealed protective case, a process that demands precision and skill to avoid damaging the valuable card inside. Paul's willingness to undertake such a risky venture showcases a deep understanding of the market dynamics and the potential financial gains associated with obtaining a higher grade.
The article underscores the tools involved in this process, mentioning wire cutters and screwdrivers, emphasizing the delicate nature of the operation. Paul himself acknowledges the significant financial risk, stating that a single mistake could result in a substantial loss of $100,000.
Furthermore, submitting the opened card to another grading company, in this case, BGS, adds another layer of complexity. Each grading company has its own criteria and standards, and moving a card from one grading company to another is not a guarantee of an improved grade. Paul's success in obtaining a gem-mint grade of 10 from BGS is a testament to his calculated risk paying off.
The article also touches upon the preference for PSA 10 slabs over BGS 9.5 and SGC 10 graded cards, highlighting the industry standards. However, it introduces the concept that a pristine BGS 10, especially with perfect 10 subgrades, holds a unique and elevated value in the market. Logan Paul's Charizard card, now valued at $1 million after the risky maneuver, exemplifies how strategic decisions can significantly impact the market value of a collectible.
In conclusion, Logan Paul's venture into cracking open a PSA 10 slab and successfully submitting the card to another grading company is a compelling tale of risk and reward in the world of collectibles. His calculated move not only elevated the value of his Pokemon card but also showcased the intricate dynamics and nuances involved in the pursuit of perfection in the realm of trading cards.
