SV: Scarlet & Violet 151 Horsea #116: PSA 9 vs PSA 10
On SV: Scarlet & Violet 151 Horsea #116, the PSA 10 premium is one of the widest gaps in vintage WOTC: PSA 10 sells for 14.2x a PSA 9, a $190 delta. Based on the most recent PSA 10 sale of $204.49 on Mar 16, 2026, the crack-and-resub math favors the resub: expected value is positive even at a conservative 15% upgrade probability.
PSA 10
$204.49
Last sale $204.49 on
PSA 9
$14.40
Last sale $14.40 on
PSA 8
$10.25
Last sale $10.50 on
The Spread
The PSA 9 to PSA 10 spread on Horsea #116 SV: Scarlet & Violet 151.
$190
Dollar gap, PSA 9 to PSA 10
14.2x
PSA 10 sells for 14.2x a PSA 9
Three-Outcome EV Calculator
15%
70%
15%
Defaults are conservative starting points. Adjust based on the specific slab. A borderline 9 with strong centering plays differently than a 9 with edge wear.
PSA 10 outcome (sale price minus resub minus acquisition)
$0
PSA 9 outcome (regrade, no upgrade)
$0
PSA 8 outcome (downgrade, slower sell, tied capital)
$0
Expected Value
$0
Math favors holding the 9
SV: Scarlet & Violet 151 #116 Horsea released in 2023 sits in the vintage WOTC tier where gem-mint premiums above $190 are common. PSA 10 populations shrink faster than supply on cards of this era, which is why the upgrade arbitrage stays alive.
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