SV03: Obsidian Flames Charizard ex 125/197: PSA 9 vs PSA 10
On SV03: Obsidian Flames Charizard ex 125/197, PSA 10 sells for 3.8x a PSA 9, a $74 delta, which is a wide gem-mint premium. Based on the most recent PSA 10 sale of $76.99 on May 26, 2026, the math leans toward holding the 9: expected value turns negative at conservative upgrade probabilities once the resub fee is in.
PSA 10
$100.97
Last sale $76.99 on
PSA 9
$26.75
Last sale $26.75 on
PSA 8
$16.00
Last sale $18.00 on
The Spread
The PSA 9 to PSA 10 spread on Charizard ex 125/197 (SV03: Obsidian Flames).
$74
Dollar gap, PSA 9 to PSA 10
3.8x
PSA 10 sells for 3.8x 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
Where this card lands in the broader SV03: Obsidian Flames picture: a modern-era card carrying a $74 gap between PSA 9 and PSA 10, a 3.8x multiple on the PSA 9 price.
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