Pokemon trading cards have long been a hot commodity not only for seasoned fans of the games and animated series but for investors as well, especially the coveted first edition ones which are extremely hard to find these days. In fact, avid collectors will stop at nothing to get their fix, even if it means spending a fortune just to score the prized and not to mention "legendary" items. Just recently, rapper Logic bought a rare Charizard card worth $220,000 and that alone explains their value.
Now, a group of investors recently spent $375,000 on a box of what they initially believed were first edition Pokemon trading cards. It's quite a gamble but it's the price every collector has to pay. As it turns out, the cards vloggers/investors Chris Camillo, Dave Hanson, and Jordan Mclain have acquired are fake first edition cards and some of them have even been previously opened, much to their chagrin. Yikes! The unfortunate and frustrating incident was caught on tape via the YouTube channel Dumb Money's live stream. Watch it here:
Not only are they iconic pieces of our childhood that pretty much revved up our passion for nerd culture, but Pokemon trading cards have also evolved into an investment a lot of collectors are willing to bet on. I mean, owning a rare set of cards doesn't only qualify you for bragging rights, it's also proven to be a worthy long-term investment that could make you richer overnight. However, the trio's unfortunate mishap should serve as a lesson to a lot of investors, especially to the aspiring collectors who want to turn their hobbies into something more.
That said, only purchase PSA/BGA graded cards. It'll avoid you the hassle and the heartache.
Also Read: Rapper Logic Buys Extremely Rare Pokemon Card for $220,000, and He Explains Why He Did It