Logan Paul’s $400,000 Pokémon Gamble Produces PSA 9 Pikachu

Logan Paul has received the grades back on the two Pokémon cards he peeled from a $400,000 pre-production CoroCoro Comic sheet, and the most important card came back a PSA 9.

Paul revealed the results in a new vlog titled Did I Waste $400k On The World’s First Pokemon Card?

The grading reveal follows Paul’s July 31 livestream, when he peeled a Glossy Pikachu No. 1 and Jigglypuff from a sheet connected to CoroCoro Comic No. 223. Paul had purchased the sheet for $400,000 and hoped the Pikachu could become the first PSA 10 example.

Instead, the Pikachu received a PSA 9.

“This is obviously a big moment because I spent $400,000 on this sheet just to peel it,” Paul said before revealing the grades.

The Jigglypuff was shown first and received a PSA 8.

Paul then revealed the Pikachu, reacting with surprise when the PSA 9 grade appeared.

“It’s not a 10, but a nine in this card, this helped get some of my money back,” Paul said.

Paul estimated the PSA 9 Pikachu to be worth at least $250,000. He said that estimate was based on another owner of a PSA 9 example recently rejecting a $250,000 offer.

Paul also said he believes the newly graded Pikachu is approximately the 22nd or 23rd PSA 9 example in existence.

The card’s PSA label identifies it as originating from CoroCoro Comic No. 223.

The result comes after Paul expressed concern during the original livestream that the freshly peeled Pikachu could fall short of a PSA 10 because of its centering. At the time, he said he felt the card was likely a PSA 9.

His prediction turned out to be correct.

Paul said he was happy with both grades despite missing the PSA 10 he had been chasing.

The original $400,000 sheet was notable because the cards remained attached before Paul decided to peel them live. He described the move as a major gamble because removing the cards potentially exposed them to damage while also giving him a chance at obtaining a higher-grade standalone card.

Paul also referenced another CoroCoro Comic No. 223 graded BGS 8.0 that still has two cards attached. He described that piece as the highest-graded complete example and said it is currently being used as a chase item through Rip It.

For Paul, the PSA 9 result means the $400,000 gamble did not produce the PSA 10 he had hoped for, but it also avoided the worst-case scenario of significantly lower grades.