SV01: Scarlet & Violet Base Set Gyarados ex #225: PSA 9 vs PSA 10

The PSA 10 to PSA 9 spread on SV01: Scarlet & Violet Base Set Gyarados ex #225 is a wide gem-mint premium: $106, with PSA 10 copies trading at 4.8x a PSA 9. Based on a recent PSA 10 sale of $130.06 on May 28, 2026, the math leans toward holding the 9: expected value turns negative at conservative upgrade probabilities once the resub fee is in.

PSA 10

$134.07

Last sale $130.06 on May 28, 2026 UTC

PSA 9

$27.99

Last sale $30.00 on May 30, 2026 UTC

PSA 8

$14.77

Last sale $14.04 on May 29, 2026 UTC

The Spread

The PSA 9 to PSA 10 spread on Gyarados ex #225 SV01: Scarlet & Violet Base Set.

$106

Dollar gap, PSA 9 to PSA 10

4.8x

PSA 10 sells for 4.8x 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 $106 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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