Does anyone else think the Grey Felt Hat Pikachu is beyond inflated and has to crash one day? I feel like the answer is sadly no, because of the fact that I want this card and Van Gogh is my favorite artist, but I wanted to make a thread for us to discuss.
The card isn’t holographic or anything too crazy.
There are apparently pretty good fakes now floating around.
CGC has a population of 4,916 graded. (536 Pristine 10, 2,271 Gem Mint 10, 872 Grade 9)
PSA has a population of 83,290. (40,096 are PSA10, 36,246 as PSA 9)
Yes, this card was hard to get and had so much hype, but with almost 90K graded copies and an unknown number of ungraded copies, how is it priced so high?
Grade
Price June 28, 2025
Ungraded
$348.72
Grade 1
$122.53
Grade 2
$102.00
Grade 3
$113.00
Grade 4
$133.36
Grade 5
$183.00
Grade 6
$228.50
Grade 7
$263.71
Grade 8
$293.33
Grade 9
$333.99
Grade 9.5
$380.50
CGC 10
$534.59
PSA 10
$851.39
CGC 10 Pristine
$1,073.13
Am I crazy for thinking this has to come down in price one day? I really want this card, but can’t bring myself to paying these prices for a card that has so many copies floating around.
Update #1: I tried to post PSA population counts and prices for what I believe are the top 5 graded cards. Here is that post.
Thanks for the sanity check, everyone. I’ll wait another year until I try to buy again. I’ll re-update the pricing in this thread over time to see where it lands.
Grey Felt Hat is on a short list of 20 cards every English collector should consider. Demand is high but so is supply. My guess is it will cool off in price, but I’ve been wrong several times before
Repeat after me: nothing will ever crash ever again. There will be no dump. Only pump, now and forever. Number of graded copies has no bearing on the price of modern. This card will be 2k in PSA10 by Xmas.
I think pop reports are losing their meaning if the majority of it is unavailable to the market. 40,096 PSA 10s but only 102 listed including auctions. There are 6,590 PSA 10 JP SA Umbreon VMAX but only 26 are listed on ebay - at such a high price, most people still aren’t tempted to sell theirs
You’re probably right. I really want this card for my office, but knowing how many exists and in a PSA10 just makes it impossible to pull the trigger. I’ll probably never own this card even though I can afford it. It just seems irresponsible to buy it now, but the market no longer makes any sense.
As much as i abaolutely hate to say it, collectible cards are an asset class.
Treat any card like a stock. Most vintage are your boomer dividends. Most modern are your hot IPOs. There will be pumps, dumps and corrections. People will proclaim the end of days after a card that has run up 500% drops 20%, only to watch it rip to ATH the following week. A tale as old as time. I’ve been there for multiple cards over the last few years, always waiting for them to “return to reailty” and almaot every single card is now even more expensive.
Without going too far off topic, back in April people were proclaiming the end of the world in the US indices. 3 months later? Smashing ATH. Zoom out.
Yeah, i hate talking about the hahbee this way but with so many “influencers”, scalpers, scams and pump-n-dumps, it literally is an unregulated market. People think they can make a quick buck and are just waiting for a Youtuber to tell them what to buy next. In my opinion interest in Pokemon has never been higher (genuine interest vs for-profit interest is up for debate), and there is an incredible amount of money in this world. The scarcity of some print runs, coupled with the sheer frequency of new set releases only fuels the fire.
Remember, people were literally fighting to get Van Gogh Pikachu. That’s how desirable it was at the time. The only way things like this will “crash” is a huge reprint (ie: share dilution). Then stonk go down bigly.
Honestly, at this point, it could still be headed to the moon.
Don’t let my desire to own one of these cards push you to sell. I am envious of you though! Maybe grade some of those RAWs and add to the PSA population report. haha
