Update: Jordan Card Sells for Over $350,000
More than 20 years after they were placed into packs of a funky-looking basketball card product, one of ten 1997-98 Metal Universe Precious Metal Gems Green Michael Jordan cards is attracting some deep pockets.
As of Thursday, bidding had topped $101,000 for the card, encapsulated by PSA with an “Authentic” label.
The last Precious Metal Gems Green Jordan sold privately in 2015 for a “small six-figure sum,” according to seller BBCE, so the new offering will almost certainly set a record price. It’s already blown past the most ever paid for one of Jordan’s highest graded 1986-87 Fleer rookie cards.
Serial numbered 6/100, the Jordan is being offered by PWCC Auctions, the largest eBay sports card seller. It’s part of a 15,000-lot sale currently underway, one that includes numerous high-end basketball cards including a PSA 10 Jordan rookie. The auction will run through February 20.
The card had been in a private collection and is one of six Green PMGs being offered. Recently encapsulated by PSA, the Jordan card has an EX/MT to NM appearance, according to PWCC with light surface wear and edge chipping common to the issue. The Authentic grade was applied to due what PSA called “irregular wear to the right edge.”
PWCC had originally launched the auction on Sunday but ended it amid concerns over some of the bids being placed. The auction was relaunched Wednesday night with interested parties now needing pre-approval from the company.
Precious Metal Gems Background
Skybox International produced the Metal Universe brand and the Jordan cards were part of the 123-card Precious Metal Gems insert set that was essentially a parallel issue to the base set. All were serial numbered to 100. The first ten of each card were printed with an emerald green background while the other 90 were red. Jordan, of course, is the most desired player in the set. Red versions of the Jordan card have typically sold for $10,000-$21,000 in recent years.
Initially, the PMG cards were no more popular than other basketball inserts of the era, but that changed about ten years ago when the set became sort of a cult favorite. Prices for other stars and even commons have skyrocketed.
Other green PMG cards in the current auction include a rookie year Tim Duncan, Scottie Pippen, Grant Hill, Ray Allen and Antoine Walker and a red version of Allen Iverson’s card.