Are your old Pokémon cards worth millions?
In the late 1990s, when I was in first grade, a boy in the playground took my Charizard Pokémon card. I remember crying while a teacher told me to relax, it was just a cartoon. Wrong. A 1999 first edition holographic Charizard card has just sold for $1.38 million. What was once a children’s game has become an investment opportunity. A Hong Kong fund called MemeStrategy recently announced that it is seeking to acquire a quarter of the world’s highest graded “Pikachu with Grey Felt Hat” cards, currently selling for about $2,500 a piece. The value of all graded Pokémon cards is thought to be around $9 billion, but those are just the ones sent off for assessment. No one knows what’s hiding in unopened packs and forgotten drawers.