SV01: Scarlet & Violet Base Set Armarouge #203: PSA 9 vs PSA 10

On SV01: Scarlet & Violet Base Set Armarouge #203, the PSA 10 premium is one of the widest gaps in vintage WOTC: PSA 10 sells for 21.7x a PSA 9, a $444 delta. Based on a recent PSA 10 sale of $525.00 on May 25, 2026, the crack-and-resub math favors the resub: expected value is positive even at a conservative 15% upgrade probability.

PSA 10

$465.47

Last sale $525.00 on May 25, 2026 UTC

PSA 9

$21.41

Last sale $21.50 on May 21, 2026 UTC

PSA 8

$12.80

Last sale $9.50 on May 21, 2026 UTC

The Spread

The PSA 9 to PSA 10 spread on Armarouge #203 SV01: Scarlet & Violet Base Set.

$444

Dollar gap, PSA 9 to PSA 10

21.7x

PSA 10 sells for 21.7x a PSA 9

Three-Outcome EV Calculator

PSA 9 acquisition cost ($)

PSA resub cost ($)

Probability of each outcome (must total 100%)

PSA 10 (upgrade) 15%

PSA 9 (regrade) 70%

PSA 8 (downgrade) 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

Math favors holding the 9

Where this card lands in the broader SV01: Scarlet & Violet Base Set picture: a non-holo with a $444 gap between PSA 9 and PSA 10. The PSA 9 to PSA 10 jump on WOTC-era cards reflects population scarcity at the top grade, not raw print run.

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