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Manga Population and Value Analysis (PSA 10 vs Raw) - Part 1 (One Piece TCG) — Transcript

by One Piece of Insight · 5,861 words · 791 segments · language en · Watch on YouTube

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  1. 0:00Hello and welcome to One Piece of
  2. 0:02Insight. In today's video, I will be
  3. 0:04talking about the population and prices
  4. 0:06of mangas to see where we can find some
  5. 0:09value. This will be the first episode in
  6. 0:12a two-part series where I look at all of
  7. 0:14the mangas across all of the sets,
  8. 0:16compare them to SPS, and try to get a
  9. 0:18sense of whether or not they're
  10. 0:19overpriced, underpriced, or fairly
  11. 0:21priced. Now, as people who watch this
  12. 0:23channel may know, I don't personally
  13. 0:24collect mangas. I also don't personally
  14. 0:26collect PSA 10s, but it isn't possible
  15. 0:29really, I think, to talk well about
  16. 0:30mangas without also talking about PSA
  17. 0:3210s. So, we're going to be doing that as
  18. 0:34well. With that, as always, this is
  19. 0:36intended to be interesting and
  20. 0:38informative, but not financial advice.
  21. 0:40Let's jump right in.
  22. 0:52We'll start by quickly reviewing the
  23. 0:53typical population of different cards.
  24. 0:56So, today we're going to be focused on
  25. 0:57mangas, which typically have a
  26. 0:58population between 1,000 and 10,000 or
  27. 1:01in some cases even slightly more. This
  28. 1:03is obviously a really, really, really
  29. 1:05wide range of population, which is why I
  30. 1:07think uh this video is going to be
  31. 1:09pretty interesting to really try to
  32. 1:11tease out what the differences are
  33. 1:12between those different populations and
  34. 1:14how they should affect prices. SPS are a
  35. 1:16little bit less rare than that with
  36. 1:184,000 to 12,000. Then we have leaders at
  37. 1:218,000 to 25,000. And finally, we have
  38. 1:24altars with 6,000 to 35,000. So, while
  39. 1:27mangas on the whole are rarer than these
  40. 1:30other categories, there are many
  41. 1:32individual mangas that are going to be
  42. 1:33less rare than other cards from these
  43. 1:35categories, which I think is really
  44. 1:37interesting. So, when we talk about the
  45. 1:38mangas, we're going to be using a
  46. 1:40color-coded system to reflect one to
  47. 1:42five stars. So, something that's red is
  48. 1:45really bad. Something that's yellow, not
  49. 1:47very good. Blue is pretty neutral. light
  50. 1:49green is good and dark green is as good
  51. 1:51as it gets. One of the ways I'm going to
  52. 1:53use the color coding system is to talk
  53. 1:54about the population range. So, I broke
  54. 1:57this into very small, small, medium, and
  55. 1:59large. So, anything under 3,000 is a
  56. 2:01very small population for a manga.
  57. 2:03Anything between 3 and 5K I would say is
  58. 2:05small. Anything between 5 and 7 and 1/2K
  59. 2:08is medium. And anything above 7 1/2K,
  60. 2:10I'm going to characterize as large. The
  61. 2:13last thing we need to do before we can
  62. 2:14jump into the actual mangas themselves
  63. 2:16is talk a little bit about what graded
  64. 2:18card should cost. For the rest of the
  65. 2:20video, I'm going to compare the raw
  66. 2:22price of these mangas to their PSA
  67. 2:24values, and I'm going to look at the
  68. 2:26multiple to see whether or not I think
  69. 2:28the PSA version is overpriced,
  70. 2:31underpriced, or fairly priced relative
  71. 2:33to the price of the raw cards. And so
  72. 2:35for those who don't know, I created a
  73. 2:36chart where I went through and I looked
  74. 2:38at every single grade for all of the
  75. 2:40major graders and asked the question,
  76. 2:42how difficult would it be to earn these
  77. 2:44grades yourself and how much would that
  78. 2:46cost? And based off of that, how much of
  79. 2:48a premium should we pay for graded
  80. 2:50cards? And so for PSA, given all the
  81. 2:52price increases, the closing at value
  82. 2:54based grading, that actually has gone up
  83. 2:56a little bit and now is at 1.5 to 2.5x.
  84. 2:59An important caveat here though, the
  85. 3:01more expensive a card is, the lower
  86. 3:03multiple you want to pay for it. So if
  87. 3:05it's like a $10 card and it's going to
  88. 3:07cost $80 plus shipping and insurance to
  89. 3:10grade, no one's going to sell you that
  90. 3:12card for 2x or 4x. So paying 10x on a
  91. 3:16$10 card, like that's not terrible.
  92. 3:19Paying 10x on a $10,000 card, that's an
  93. 3:22absolute disaster because they didn't
  94. 3:23pay even remotely a fraction of that to
  95. 3:26get it graded, right? And what we've
  96. 3:27seen in our data is that on average uh
  97. 3:29PSA is giving a 10 between 80 and 90% of
  98. 3:33the time. That's tightened up a little
  99. 3:35bit uh over the last few months and I
  100. 3:37haven't had a chance to review that data
  101. 3:39yet. So I'm going to go ahead and assume
  102. 3:41about 80% given the tightening of
  103. 3:43standards around centering. So the way
  104. 3:44that translates to this video is I'm
  105. 3:46going to be giving a color coding to the
  106. 3:47multiples to say whether or not I think
  107. 3:49it's a really good deal or a really bad
  108. 3:51deal. We'll cover it as we move along.
  109. 3:53All right, let's talk about some cards.
  110. 3:54So, first we have the OPO1 manga. So, to
  111. 3:57level set here, there are some
  112. 3:59exceptions, but in a standard One Piece
  113. 4:00set, mangas appear to be one out of
  114. 4:02every three cases. So, by estimating the
  115. 4:06expected number of cases that have been
  116. 4:08opened using PSA and BGS graded data, I
  117. 4:11was then able to calculate an estimated
  118. 4:12population of these individual mangas.
  119. 4:14And so, that's the numbers that you're
  120. 4:15going to see up here. So, for OP1, it
  121. 4:18looks like there were around 5,400 of
  122. 4:20the Shanks mangas. It's currently going
  123. 4:22for $2,200 raw. So, you'll see that this
  124. 4:25is pretty expensive for the fact that
  125. 4:29Shanks is not a wildly popular character
  126. 4:31and the fact that this is like a medium
  127. 4:33print run size. However, given that it
  128. 4:36is first, that does make it more iconic.
  129. 4:38And so, it's hard for me to argue with
  130. 4:41this price because so much of the price
  131. 4:44is the function of that it's first. And
  132. 4:46I don't really know how to quantify
  133. 4:47that, right? So, will the market treat
  134. 4:49this as overvalued or undervalued? It's
  135. 4:51really difficult for me to say. And so
  136. 4:53that leaves me as putting it at fairly
  137. 4:54valued and just trusting where the
  138. 4:56market is. In terms of PSA 10s, the most
  139. 4:59recent sale for a PSA 10 on this was
  140. 5:015700, which was a multiple of 2.6. This
  141. 5:05I do not like. I think a multiple of 2.6
  142. 5:08is way too high to be paying for one of
  143. 5:11these cards. Now, I understand that
  144. 5:13there's an added complication for some
  145. 5:14of these very expensive cards, and that
  146. 5:16is that there are a lot of counterfeits
  147. 5:18out there. So, if you're buying a RAW
  148. 5:20card, uh, you are risking the
  149. 5:23possibility that it could be
  150. 5:24counterfeit. So, we should be paying
  151. 5:26extra for a graded card because it has
  152. 5:29been authenticated. I think the other
  153. 5:31thing that's probably happening here is
  154. 5:32because this card is so old, there are
  155. 5:35so few ungraded copies left in
  156. 5:37circulation that finding a raw one is
  157. 5:40much harder. And that means that people
  158. 5:43are just opting to pay more for the
  159. 5:44graded copies rather than try to find a
  160. 5:46raw one and grade it themselves. So I
  161. 5:50understand why the premium might be
  162. 5:51higher for this than for other things,
  163. 5:53but still I think 2.6 is is way too
  164. 5:55high. I would be much more comfortable
  165. 5:58around 2x here even given all the
  166. 6:00caveats uh that I mentioned. Moving on
  167. 6:02to OPO2, we have the Ace manga with an
  168. 6:05estimated population of 5300. So
  169. 6:07extremely similar to the Shanks. We have
  170. 6:09a price of 2,000 which is a little bit
  171. 6:11less than the Shanks. Uh I do think this
  172. 6:13card should be less than the Shanks even
  173. 6:15though it's a little bit rarer. I think
  174. 6:16it probably should be significantly less
  175. 6:18than the Shanks if I'm being honest. So
  176. 6:21while I put this as I think it's fairly
  177. 6:23valued, this does feel a little bit
  178. 6:25expensive to me. Uh if the Shanks is
  179. 6:27$2,200, this being 2,000, is Ace a
  180. 6:30little bit more popular than Shanks?
  181. 6:32Maybe. Neither of them personally are my
  182. 6:34favorite art, but they're both old. That
  183. 6:36makes them more nostalgic. So again,
  184. 6:38it's a little bit difficult for me to
  185. 6:40argue in terms of the PSA price. A PSA
  186. 6:4210 here is going for $3,200, which is a
  187. 6:45multiple of 1.6. I like this number way
  188. 6:48better uh than what we saw for the
  189. 6:49Shanks. And this still has a lot of the
  190. 6:51caveats that I mentioned for the Shanks,
  191. 6:53right? There are counterfeits out there.
  192. 6:55It's pretty old, so a lot of them have
  193. 6:56already been graded, and there aren't
  194. 6:58too many in circulation. So, I don't
  195. 7:00feel nearly as bad uh about buying a PSA
  196. 7:0310 at this price than I would at buying
  197. 7:05the Shanks at that price. Moving on to
  198. 7:07OPO3, we have the same population at
  199. 7:105,300. We have the SOA King manga. You
  200. 7:12know, no spoilers about who this might
  201. 7:14be. Um, but obviously $800 is very cheap
  202. 7:18for a manga of this population. Uh, and
  203. 7:22this age. Obviously, comparing it to the
  204. 7:24Ace, it's less than half the price. Even
  205. 7:26if you know who it really is, that
  206. 7:28person is still, you know, not nearly as
  207. 7:30popular of character as Ace. All that
  208. 7:33said, I think $800 for this is pretty
  209. 7:35reasonable given the print run of this
  210. 7:38and how much more expensive the other
  211. 7:40ones that came before it are, and
  212. 7:42frankly how expensive some of the ones
  213. 7:44that have come after it are. I'm not
  214. 7:46going to say that it's underpriced
  215. 7:48because again, I don't think there's a
  216. 7:49tremendous amount of demand for this
  217. 7:50manga, but I think it's fairly priced at
  218. 7:52$800. What I don't like though is the
  219. 7:54PSA 10 price because again, we have a
  220. 7:56multiple of 2.1x here, which I think is
  221. 7:59too high. So, I think that $1,700 uh for
  222. 8:03this is quite a lot for a manga that is
  223. 8:06probably not that desirable and could be
  224. 8:08had in a raw form for only $800. If I
  225. 8:11was going to pick up one, I would
  226. 8:12probably pick up the raw one. There's
  227. 8:14probably fewer counterfeits of these out
  228. 8:15there than there are of the shanks in
  229. 8:17particular. Um, but I would still be
  230. 8:19careful because there definitely are
  231. 8:21some out there. Moving on to OPO4, we
  232. 8:23have the Sabo manga. I have this at
  233. 8:255600, which is a slightly bigger
  234. 8:27population than the other ones. I have
  235. 8:29to say at $600, this to me looks like
  236. 8:32one of the best value mangas out there.
  237. 8:34I understand the Sabo is not like wildly
  238. 8:36popular, but like would you rather have
  239. 8:38a Sabo or a Soga King? I think I would
  240. 8:40personally rather have the Sabo. Um I
  241. 8:43also think the art on this is decent and
  242. 8:44I think the black and the gold looks
  243. 8:46really good with the manga panel. So at
  244. 8:48$600, this is one that I actually think
  245. 8:50is like a pretty solid deal. Um because
  246. 8:54if you compare this price um to the
  247. 8:56other mangas that are around this price,
  248. 8:59most of them are going to have a much
  249. 9:00much higher population and some of the
  250. 9:02ones that are more expensive uh with
  251. 9:04similar quality characters also have a
  252. 9:06much higher population. And so for that
  253. 9:08reason, I think this is a pretty solid
  254. 9:09value. You know, 2x is higher than I
  255. 9:12typically want to pay for a PSA 10
  256. 9:14multiple. However, given that this one
  257. 9:16is significantly cheaper, that's like
  258. 9:18less of a premium. So, as I said, when a
  259. 9:20card is cheaper, you would expect to
  260. 9:22play a higher multiple. And when a card
  261. 9:23is more expensive, you'd expect to play
  262. 9:25a lower multiple. And so, it doesn't
  263. 9:27strike me as like ridiculous here at
  264. 9:29$1,200. Um, I would probably still opt
  265. 9:32to buy the raw one, but $1,200 in a PSA
  266. 9:3610, I think, is a reasonable value for
  267. 9:38what this is. Moving on to OP5, subject
  268. 9:41I know that I am going to get hammered
  269. 9:43about in the comments, but I got to
  270. 9:44stick to my guns on this one. So, OP05
  271. 9:47because there were three mangas. I know
  272. 9:48I'm only showing two here because I only
  273. 9:50had space for two and nobody really
  274. 9:51cares about kid, but there are three
  275. 9:53mangas and each one I estimate has a
  276. 9:55population of around 4,200.
  277. 9:58Obviously, the big ticket item here is
  278. 10:00the Gear Five Luffy, which in my opinion
  279. 10:02is probably the second best looking of
  280. 10:04the mangas. I do like this card quite a
  281. 10:07bit. Um, that said, it's $10,000 raw and
  282. 10:12the population is 4,200, which is, you
  283. 10:15know, a small population for a manga,
  284. 10:18but not a very small population for a
  285. 10:20manga. You know, when we talk about the
  286. 10:21other mangas that fall into the
  287. 10:23categories of grails, they're going to
  288. 10:25be much much much rarer than this. And
  289. 10:28so, $10,000 for a card that's frankly
  290. 10:31not that rare makes me a little bit
  291. 10:33uncomfortable. I would also say too that
  292. 10:36I am getting increasingly worried that
  293. 10:38as we advance towards the end of the
  294. 10:40manga, we are going to see a Gear 6 and
  295. 10:43I don't know what is going to happen
  296. 10:46with Gear Five stuff when we get like a
  297. 10:49new more iconic final pose. Um, you
  298. 10:52know, my personal favorite of the poses
  299. 10:54are Gear 2. We'll talk about that when
  300. 10:56we get to that manga. Like that's the
  301. 10:58first time that Luffy ever transforms
  302. 11:00and nothing can ever take that away from
  303. 11:02it. Obviously, like Gear 5 is still
  304. 11:04going to be iconic because of what it
  305. 11:06means in the story. I'm not going to
  306. 11:07give too many spoilers, but like if
  307. 11:10there is a Gear 6, is this still going
  308. 11:12to be like one of the ultimate grails?
  309. 11:14I'm not sure. So, I put this in yellow.
  310. 11:18And that's less a reflection of I think
  311. 11:20that the market has priced it wrong
  312. 11:22because I just don't know. It's more of
  313. 11:24a reflection of me seeing there being a
  314. 11:26ton of risk around this card. And so for
  315. 11:29me, when something is highly risky, I
  316. 11:31would want to pay less to account for
  317. 11:35some of that risk. Obviously, you know,
  318. 11:37I don't play in this space, so you
  319. 11:40should take everything that I say here
  320. 11:41with a grain of salt. Like, I am not
  321. 11:43financially invested in these decisions.
  322. 11:44I don't own any of these cards because
  323. 11:47all of them to me uh are overpriced. Um,
  324. 11:51but this one in particular makes me
  325. 11:53nervous. I also think that looking at
  326. 11:55this from a PSA 10 perspective, $22,000,
  327. 11:592.2x is really high to pay for a PSA 10.
  328. 12:03Now, this is probably the most
  329. 12:05counterfeited of the mangas if I had to
  330. 12:07guess. So, I understand having to pay a
  331. 12:09premium for a version that's been
  332. 12:11authenticated, but a $12,000 premium
  333. 12:15does strike me as quite high. The law,
  334. 12:18on the other hand, I actually think
  335. 12:20seems like a little bit of a sleeper
  336. 12:21here. As I mentioned, 4200 is a pretty
  337. 12:23small population for a manga, Law is a
  338. 12:26pretty reasonable character, I really
  339. 12:27like the way that the purple looks with
  340. 12:29the panel. And while this is not like an
  341. 12:31amazing image of Law, I think it's
  342. 12:33better than the other one. And so, at
  343. 12:35only $1,350, you're getting a pretty
  344. 12:37rare card. Plus, if you want to buy it
  345. 12:39in a PSA 10, you're only paying a 1.6x
  346. 12:42multiple for $2,200, which again feels
  347. 12:45sort of right on the money to me in
  348. 12:47terms of what these cards should cost. I
  349. 12:49think that Law is probably the most
  350. 12:50undervalued of the OPO5 mangas and so it
  351. 12:53would be my recommendation for that
  352. 12:54reason. Moving on to OPO6, we have
  353. 12:56another really popular manga and I'll be
  354. 12:58honest, this is one that I also like as
  355. 12:59well. This one has a pretty big
  356. 13:02population. The population of this one
  357. 13:04is 7,900, which is much bigger than the
  358. 13:06ones that we've looked at so far. And
  359. 13:08despite that, it's in raw form going for
  360. 13:11$3,000, which is more expensive than
  361. 13:13either the Ace or the Shanks, which has
  362. 13:16a significantly smaller population.
  363. 13:18obviously still much smaller than the
  364. 13:20Luffy. Now, I know Zoro is wildly
  365. 13:22popular. I know that this is the only
  366. 13:24manga that Zoro's gotten so far.
  367. 13:25However, Zoro is going to get more
  368. 13:27mangas and this is a really big
  369. 13:29population. So, this is another one that
  370. 13:31I would be a little bit careful with.
  371. 13:33Again, I think it's cool. Obviously,
  372. 13:34Zoro manga should command a premium, but
  373. 13:36with such a large population to be so
  374. 13:39expensive,
  375. 13:41that makes me a little bit nervous. You
  376. 13:42know, in terms of the PSA price, I think
  377. 13:44a 1.7x multiple is reasonable here, but
  378. 13:47I still think it's really expensive at
  379. 13:505100. Just to talk through the math of
  380. 13:52this a little bit in terms of what the
  381. 13:54PSA multiple should cost. So, if you
  382. 13:57bought this card raw for $3,000 and you
  383. 13:59wanted to send it into PSA, because the
  384. 14:01expected cost of it coming back as a 10
  385. 14:03is going to be $5,100, you're going to
  386. 14:05have to pay for walkthrough, which is
  387. 14:06going to cost you $600 plus shipping,
  388. 14:09insurance, the hassle, all that sort of
  389. 14:11stuff. So, let's say it cost you $700 to
  390. 14:14get this graded, but there's not a
  391. 14:16guarantee that it's going to come back
  392. 14:17at 10, right? So, if we assume that 80%
  393. 14:19of these cards come back at 10, you have
  394. 14:22to factor that into the price in terms
  395. 14:24of the risk that the person who graded
  396. 14:26it is absorbing, right? So, that's worth
  397. 14:28like 600 bucks. So, now we're up to
  398. 14:301,300 bucks. Plus, then we have the
  399. 14:32authentication piece. I typically use
  400. 14:34like 10% as a benchmark that it's worth
  401. 14:37to pay for an authenticated card. So,
  402. 14:39that's another $300. So now you have a
  403. 14:42$3,000 card that's up to 4.6K. And so if
  404. 14:46you're paying like $500 more than that
  405. 14:49to basically compensate the person who
  406. 14:50went through all this work, that doesn't
  407. 14:52strike me as ridiculous, right? So
  408. 14:54unfortunately PSA has gotten so
  409. 14:55expensive that that's the type of math
  410. 14:57that we're talking about with these
  411. 14:58cards. So, you know, I think $5,100 is
  412. 15:02too expensive for this card because I
  413. 15:04think 3,000 is too expensive for the RAW
  414. 15:06card, but I don't think it's ridiculous
  415. 15:08for the PSA version specifically. Moving
  416. 15:10on to Ebo1. This is another manga that I
  417. 15:13do actually like. Part of the reason is
  418. 15:15because the population on this is so
  419. 15:16small. Even though there was only one
  420. 15:18manga in the set and it maintained that
  421. 15:20one in three pull rate. Because the
  422. 15:22print run for Ebo1 was so low, I'm
  423. 15:24estimating that there were only about
  424. 15:252,600 of these that were printed, which
  425. 15:28again is like significantly smaller than
  426. 15:31the year 5 manga and is going to be one
  427. 15:33of the smallest manga populations that
  428. 15:34we look at. I also think that Chopper is
  429. 15:37going to be really, really popular.
  430. 15:39There's some really good panels. Yes,
  431. 15:41they're going to make more Chopper
  432. 15:42mangas in the future, I think, but like
  433. 15:44this will always be the first, and this
  434. 15:45one is genuinely rare. And so, for all
  435. 15:47of those reasons, I think this is super
  436. 15:49desirable. And then factor in the fact
  437. 15:51that $4,000 is significantly less than
  438. 15:55the other mangas that are really, really
  439. 15:57rare. I liked this much better when it
  440. 15:59was like $3,000, but at 4,000, it
  441. 16:01strikes me as a fair price. Then when we
  442. 16:04look at the PSA 10 only having a
  443. 16:06multiple of 1.5, I think that's a very
  444. 16:09solid multiple. And so this is an
  445. 16:11instance where like again we just ran
  446. 16:12the math with the Zoro, right? So if we
  447. 16:14ran that same math with this chopper,
  448. 16:17like that's going to get us over $5,000.
  449. 16:19So this doesn't strike me as a
  450. 16:20ridiculous premium to pay for a PSA 10
  451. 16:22as opposed to doing it yourself. So, you
  452. 16:24know, of the two, given how many
  453. 16:26counterfeits are probably out there, I
  454. 16:27think I actually like the PSA 10. It's
  455. 16:29still very very expensive obviously, but
  456. 16:32I think given how small the population
  457. 16:34is and that it's a desirable character,
  458. 16:36I see the argument for this one far
  459. 16:38better than for most of the others.
  460. 16:39Moving on to OP07, we have Boa with a
  461. 16:42population of $6,800.
  462. 16:44Again, this is another like medium-siz
  463. 16:46manga print run. Boa here is around
  464. 16:48$2,000, which again is a fairly typical
  465. 16:51manga price. This is the same as the
  466. 16:52Ace. It's a little bit less than the
  467. 16:54Shanks. We have a 1.5 multiple here for
  468. 16:58a PSA 10, which I think is totally
  469. 17:00reasonable. So, you have a $3,000 PSA
  470. 17:0210. So, you know, I'd say this is fair.
  471. 17:06Um, I think that B is very popular. I
  472. 17:08think the art on this one is okay. You
  473. 17:10know, it's a mediumsiz print run with a
  474. 17:13mediumsiz price with a reasonably
  475. 17:14popular character. So, if you like it,
  476. 17:16that seems reasonable to me. Next up, we
  477. 17:18have OPO8. We have the manga with a
  478. 17:20population of 7,200.
  479. 17:23So, this is a pretty large population
  480. 17:25manga. It's also not a wildly popular
  481. 17:28card. I will be honest. I think is
  482. 17:30really cool. This is of course the only
  483. 17:32manga that I ever pulled. Um, you know,
  484. 17:34it was very, very pretty. Uh, but I
  485. 17:36don't think it's, you know, as pretty as
  486. 17:38some of the other cards, to be honest.
  487. 17:40So, I understand why this is only $500.
  488. 17:43Maybe the downside is limited a little
  489. 17:45bit by the fact that it's already pretty
  490. 17:47cheap, but like
  491. 17:49would I rather have a really awesome SP
  492. 17:52than this? I know I would personally. I
  493. 17:55think 1.75x
  494. 17:57uh here is pretty solid given that it's
  495. 17:59a less expensive card. I actually
  496. 18:01wouldn't be surprised if that price goes
  497. 18:02up a little bit since there probably is
  498. 18:05a relatively low percentage of these
  499. 18:07graded compared to other mangas because
  500. 18:09it's so much less expensive. So, I do
  501. 18:11think if you want to buy one, like
  502. 18:12picking up a PSA 10 at 870 strikes me as
  503. 18:15eminently reasonable. Next up, we have
  504. 18:17PRBO1 with a population of around 7,400.
  505. 18:21I have the same things to say here about
  506. 18:22the Nami. Basically, that I said about
  507. 18:24the Boa. It's a popular character with a
  508. 18:26pretty large print run. The print one in
  509. 18:28this one's a little bit larger than the
  510. 18:29Boa. I would say that Nami is maybe a
  511. 18:31little bit more popular than Boa.
  512. 18:32They're the exact same price at $2,000.
  513. 18:35The multiple for a PSA 10 is a little
  514. 18:38bit worse here. So, you're paying $3,600
  515. 18:41instead of 3,000 for the boa. 3600 I
  516. 18:44feel like is a little bit worse of a
  517. 18:45deal for this than 3,000 is for the boa,
  518. 18:47but it still doesn't strike me as
  519. 18:49ridiculous given that Nami is a really
  520. 18:50popular character. Okay, moving on to
  521. 18:52OP9, which I think is one of the most
  522. 18:54interesting sets. It's one of my
  523. 18:55personal favorite sets of all time. We
  524. 18:57have the Roger manga, which I will
  525. 19:00caveat to say that this is a very
  526. 19:01difficult poll rate to try to estimate.
  527. 19:03So, while you should take all of my
  528. 19:05estimates with a huge grain of salt
  529. 19:07because they are estimates and they are
  530. 19:08inherently flawed and will be wrong, the
  531. 19:12question is whether they're useful, and
  532. 19:13I personally do think they are useful.
  533. 19:16But take these really rare ones even
  534. 19:18more with that understanding. I'm
  535. 19:20estimating that the population of this
  536. 19:22is around 1,600, which would be the
  537. 19:24smallest one that we've looked at so
  538. 19:25far. I think there's a lot that's really
  539. 19:28iconic about this. Roger doesn't get a
  540. 19:30lot of cards. I think Bandai very
  541. 19:32deliberately keeps Roger kind of rare
  542. 19:34and special. And so I think the fact
  543. 19:36that like this is the gold manga. It's
  544. 19:40the only gold Roger. If they don't make
  545. 19:42another gold manga, I think this will
  546. 19:45retain its place at very high in Grail
  547. 19:47territory. And unlike the year 5 manga,
  548. 19:50this one is actually rare. And for me,
  549. 19:52that's the really big distinction here.
  550. 19:54you know, 4,200 versus 1,600, like the
  551. 19:58amount of demand that needs to exist for
  552. 20:00these cards is much much lower for this
  553. 20:03Roger to maintain its price than for the
  554. 20:04Gear 5 manga. So, while I honestly have
  555. 20:07no idea how to price a card this
  556. 20:09expensive, I'm going to go ahead and
  557. 20:10trust the market on this one. This has a
  558. 20:121.4x multiple for a PSA 10 right now,
  559. 20:15which, you know, again, this is a super
  560. 20:17expensive card, right? So, we would
  561. 20:19expect to see a lower multiple. Um,
  562. 20:21however, given all the concerns about
  563. 20:23authentication and forgeries, I think
  564. 20:25this is like a really good multiple for
  565. 20:27a PSA 10. But again, I'll be honest, I
  566. 20:29feel nervous even talking about cards
  567. 20:31this expensive because I would never buy
  568. 20:33them. And so, I don't want it to come
  569. 20:35across that I'm advising anybody else to
  570. 20:37buy them. I'm just trying to present the
  571. 20:39facts uh in case this is the market that
  572. 20:41you are in since lots of people are in
  573. 20:43that market, even if it's not mine
  574. 20:44personally. Moving on to the OP9 regular
  575. 20:47mangas. I actually like these quite a
  576. 20:49bit. So, there's two other mangas in the
  577. 20:51set that I did not have space for on the
  578. 20:52slide. You have the Buggy and the Teach.
  579. 20:55Uh, so I included the two most expensive
  580. 20:57here. Given that there were four in this
  581. 20:59set, even though OP9 had a pretty large
  582. 21:01print run, they have an estimated
  583. 21:03population of 3,150,
  584. 21:05which is pretty low by the standards of
  585. 21:07mangas. I think the Wano Black Cape
  586. 21:10Luffy is like one of the cooler forms of
  587. 21:12Luffy. You know, I think at $2,500,
  588. 21:15given that this is truly rare, I
  589. 21:17actually think this is a pretty solid
  590. 21:19price. I mean, if you're looking at the
  591. 21:21Ace at $2,000 with a population of like
  592. 21:2653 or 5,400, if you're looking at like
  593. 21:29the BOA at 2,000 with a population of
  594. 21:326,800, if you're looking at the Nami
  595. 21:34with a population of 7,400, this is only
  596. 21:36a little bit more expensive than that.
  597. 21:38And it's like half the population of
  598. 21:40many of those. And so for that reason, I
  599. 21:42actually think at $2,500, this one is
  600. 21:45like maybe a tiny bit slept on, uh, at
  601. 21:47least in RAW form. Now, the most recent
  602. 21:50sale was 2x RAW for a PSA 10, which I do
  603. 21:53think is a little bit high. The thing
  604. 21:55that's really annoying, frankly, about
  605. 21:56the price of $5,100,
  606. 21:59uh, which is the same exact thing that
  607. 22:00we saw with the Zoro, is that anything
  608. 22:02over $5,000 is going to put you into
  609. 22:04walkthrough territory for a PSA. Uh, and
  610. 22:08so by virtue of it being like $101 more
  611. 22:11expensive, it's going to cost $250 more
  612. 22:14to grade. That could be contributing to
  613. 22:16the multiple here. But overall, I think
  614. 22:18this is a pretty good value card for how
  615. 22:20rare it is and how sort of like
  616. 22:22important and iconic it is to the story.
  617. 22:24Next up, we have the Shanks at $1,600.
  618. 22:27Again, this is less expensive than the
  619. 22:28OP1 Shanks. Aesthetically, I like this
  620. 22:30one more than the first one, but you
  621. 22:32know, the first one being the first
  622. 22:34means a lot. I think that this is
  623. 22:36really, really low population. And so
  624. 22:38for $1,600, even though it is the second
  625. 22:42manga that we've gotten of Shanks, um, I
  626. 22:44still think that this is a pretty fair
  627. 22:46price for a manga that's this rare. A
  628. 22:48multiple of 1.7, you know, I'd like it
  629. 22:50to be a tiny bit lower, but I still
  630. 22:51think that's pretty solid. So $2,700 for
  631. 22:54a PSA 10 here, again, I think seems
  632. 22:56pretty reasonable. Moving on to OP10.
  633. 22:59Uh, this is the largest population that
  634. 23:01we've seen so far at 8,000. We have the
  635. 23:03Law manga here with a price of around
  636. 23:05$600. So, this is obviously one of the
  637. 23:08cheapest mangas. It's also one of the
  638. 23:09largest population mangas, so it's not
  639. 23:12surprising. I'm like a little bit
  640. 23:14surprised that it's not more expensive
  641. 23:15given that Law is a pretty popular
  642. 23:17character, but I also get that this is
  643. 23:19not like the most iconic piece of art of
  644. 23:22Law. Um, and so this feels pretty
  645. 23:25reasonable to me. This is like one of
  646. 23:27the ones that has tempted me in the past
  647. 23:29just because I am a law fan. But like
  648. 23:32given the population size, I certainly
  649. 23:34don't think it's like an amazing deal.
  650. 23:35You know, 1.8x multiple I think is fine
  651. 23:38here. It's like a little more than I
  652. 23:40typically like to pay, but given that
  653. 23:41it's a cheaper card, I understand the
  654. 23:44increase in the multiple premium. So
  655. 23:45$1,100 for this manga doesn't strike me
  656. 23:48as ridiculous either. Moving on to Ebo2,
  657. 23:51we have the Year 2 manga Luffy. This is
  658. 23:53my favorite of the mangas. I think the
  659. 23:55art on this is absolutely iconic. I
  660. 23:57think they nailed it with the smoke. I
  661. 23:59think this one just looks so cool. It's
  662. 24:01slightly larger population than the
  663. 24:03OP09. Um, but definitely is a small
  664. 24:06population for a manga. $4,500 is pretty
  665. 24:11high for a card of this rarity.
  666. 24:14Typically, the cards that are this
  667. 24:15expensive are lower print runs. You
  668. 24:18know, the Chopper was around 2,600. And
  669. 24:21that may not sound like a huge
  670. 24:22difference, but like I actually think
  671. 24:24the difference is pretty big. That said,
  672. 24:26I do think the art on this one is
  673. 24:27absolutely iconic. I don't think I'm the
  674. 24:29only one who thinks that. So, at $4,500,
  675. 24:32I think this is expensive, but I see the
  676. 24:36argument for this one. I would say, um,
  677. 24:39what I don't like is the multiple for
  678. 24:41the PSA 10. A 2.2x multiple on a $4,500
  679. 24:45card, in my opinion, is way, way too
  680. 24:48much. It should be in like the 1.5,
  681. 24:50maybe 1.7x range. Um, and with a card of
  682. 24:54this price, that ends up being a huge
  683. 24:56difference in price. Now again, this is
  684. 24:58another one that uh is likely to be
  685. 25:00counterfeited a lot, so I understand why
  686. 25:01people pay a premium here. But this does
  687. 25:04feel like the PSA 10 version has been
  688. 25:06hyped a little bit, and I wouldn't be
  689. 25:07surprised if it comes back down. But,
  690. 25:10you know, if you're thinking 5 years
  691. 25:12down the road, I do think this is going
  692. 25:13to be one of the most iconic mangas, so
  693. 25:15maybe it matters a little bit less.
  694. 25:17Moving on to OP11. Uh, so OP11 had the
  695. 25:20largest print run of a non-anniversary
  696. 25:22set uh that I've looked at. And I've
  697. 25:24looked at everything up to OP13. And so
  698. 25:27that because there was only one manga in
  699. 25:29the set left us with a population of
  700. 25:3110,000, which is frankly enormous by the
  701. 25:34standards uh of a manga. So this one is
  702. 25:38$1,500. And I have to say that like this
  703. 25:41is such a large print run. This strikes
  704. 25:44me as too expensive uh for something
  705. 25:46with 10,000. I mean, typically we see
  706. 25:48almost like a parabolic relationship
  707. 25:50between rarity and price where like if
  708. 25:54you have something and it's $100 and you
  709. 25:58have something else and the print run is
  710. 26:00half that size, you typically expect it
  711. 26:01to be more than $200, right? Because the
  712. 26:05rarer something gets, the higher and
  713. 26:07higher the price goes. This is like the
  714. 26:09opposite. So, we have like the OP9 Luffy
  715. 26:12card that was $2,500 with a population
  716. 26:15of a little over 3,000. I estimate that
  717. 26:17there's more than three times as many of
  718. 26:19these and yet this one is like more than
  719. 26:22half the price of that one and that
  720. 26:23strikes me as too high frankly. Now I do
  721. 26:26think that the OP9 Luffy is probably a
  722. 26:28little bit underrated at its current
  723. 26:30price. But even if that were to go up a
  724. 26:32little bit to like 3,000, I still think
  725. 26:34at half the price for three times the
  726. 26:36population, I think this is too
  727. 26:38expensive. This is a very large
  728. 26:40population for an SP uh let alone a
  729. 26:42manga. In terms of the PSA 10 price, a
  730. 26:451.7 multiple here I think is pretty
  731. 26:47fair. So like I think you could argue
  732. 26:49that this is reasonably priced as a PSA
  733. 26:5210. Um I still think it's too expensive
  734. 26:55frankly given the population. I would
  735. 26:56like to see this one in like the $1,000
  736. 26:58to $1,200 range raw and maybe like the
  737. 27:01$2,000 range in a PSA 10. And the last
  738. 27:04set we're going to look at today is
  739. 27:05OP12. And we have with this one a
  740. 27:08relatively underwhelming manga that has
  741. 27:10a really large population. And that's
  742. 27:12the Jewelry Bonnie with a population of
  743. 27:149,100,
  744. 27:16slightly less than the previous Luffy
  745. 27:19manga. But obviously Bonnie is a less
  746. 27:21popular character. And so this one's
  747. 27:23only going for $800. I also think given
  748. 27:25the population that this is way too
  749. 27:28expensive for Bonnie. If we're looking
  750. 27:30at a Sabo manga being like $600
  751. 27:35and it has, you know, slightly larger
  752. 27:37than half the print run of this, why
  753. 27:39would this Bonnie be $800? I don't
  754. 27:42really have a good explanation for that
  755. 27:44personally. Uh, so I think that this is
  756. 27:46overpriced. Like, it's almost 2,000 more
  757. 27:49than the I get that people like Bonnie
  758. 27:51more than they like, but like that
  759. 27:53additional population should hurt its
  760. 27:55price, right? So, to me, this should be
  761. 27:56like a five to $600 manga. Now, I will
  762. 28:00say this is a pretty low multiple to a
  763. 28:02PSA 10. So, I do think it's much more
  764. 28:04reasonable if you're looking to buy the
  765. 28:06PSA 10 because if this was a $500 manga
  766. 28:10with like a two and change X multiple,
  767. 28:12that wouldn't strike me as like
  768. 28:14ridiculous. So, I think that this is
  769. 28:17like a fair price to pay for a PSA 10,
  770. 28:19but I do think that the RAW version is a
  771. 28:21little bit expensive. That's all I have
  772. 28:23for today. As always, I hope you found
  773. 28:25this helpful. I'm sure many of you
  774. 28:27disagree with the takes that I made, so
  775. 28:29please be sure to push back in the
  776. 28:31comments. You know, I appreciate the
  777. 28:32engagement and love hearing your
  778. 28:34arguments to the contrary. You may very
  779. 28:36well convince me to adopt a different
  780. 28:37position. It's happened many times
  781. 28:39before and will happen again. Uh, if you
  782. 28:41did find the video helpful, please give
  783. 28:42us a like. And if you like this content
  784. 28:44and haven't already, please subscribe.
  785. 28:46We have our TCG Player affiliate link as
  786. 28:48well as our eBay storefront. No pressure
  787. 28:50at all, but if you do buy something
  788. 28:51there, we get a small commission, which
  789. 28:53helps us out a ton. So with that, as
  790. 28:55always, I appreciate your time and I
  791. 28:57will see you in the next

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