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SWSH11: Lost Origin Kyurem VMAX 197/196: PSA 9 vs PSA 10

On SWSH11: Lost Origin Kyurem VMAX 197/196, PSA 10 sells for 2x a PSA 9, a $34 delta, which is a meaningful PSA 10 premium. Based on the most recent PSA 10 sale of $68.88 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.

SWSH11: Lost Origin Kyurem VMAX 197/196
PSA 10
$66.22
Last sale $68.88 on
PSA 9
$32.65
Last sale $32.65 on
PSA 8
$10.00
Last sale $10.00 on

The Spread

The PSA 9 to PSA 10 spread on Kyurem VMAX 197/196 (SWSH11: Lost Origin).

$34
Dollar gap, PSA 9 to PSA 10
2x
PSA 10 sells for 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

Where this card lands in the broader SWSH11: Lost Origin picture: a modern-era card carrying a $34 gap between PSA 9 and PSA 10, a 2x multiple on the PSA 9 price.

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