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SV03: Obsidian Flames Cleffa #202: PSA 9 vs PSA 10

SV03: Obsidian Flames Cleffa #202 shows one of the widest gaps in vintage WOTC between PSA 9 and PSA 10: a $373 dollar gap, with the gem mint multiplier at 6.2x. Based on a recent PSA 10 sale of $448.00 on May 28, 2026, the crack-and-resub math favors the resub: expected value is positive even at a conservative 15% upgrade probability.

SV03: Obsidian Flames Cleffa #202
PSA 10
$444.30
Last sale $448.00 on
PSA 9
$71.53
Last sale $74.00 on
PSA 8
$41.50
Last sale $36.00 on

The Spread

The PSA 9 to PSA 10 spread on Cleffa #202 SV03: Obsidian Flames.

$373
Dollar gap, PSA 9 to PSA 10
6.2x
PSA 10 sells for 6.2x 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

SV03: Obsidian Flames #202 Cleffa released in 2023 sits in the vintage WOTC tier where gem-mint premiums above $373 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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