Millennials' Love Affair with Pokémon Cards Becomes a Lucrative Stock Market for Scammers
The nostalgia-tinged world of Pokémon has always been a haven for kids to unleash their creativity and passion. However, the rise of reselling and scalping among millennials has transformed this beloved franchise into a lucrative stock market, making it increasingly difficult for children to get their hands on newly released cards.
The frenzy surrounding rare Pokémon cards has led to an unsustainable demand that has pushed prices sky-high. In fact, some rare cards are now valued at hundreds, if not thousands, of pounds before they've even been released to the public. For example, a special illustration of Charizard in the latest set, Phantasmal Flames, was being touted as worth more than £600, making it almost impossible for anyone other than seasoned collectors or resellers to afford.
Online retailers such as Amazon have become battlegrounds where buyers compete against each other in an opaque raffle system, with only those willing to wait hours outside shops or scour online marketplaces for deals emerging victorious. Meanwhile, resellers will stop at nothing to get their hands on the latest sets, often queuing up for hours and buying boxes before anyone else can even see them.
The phenomenon has been attributed in part to social media influencers and YouTubers who create buzz around rare cards by opening packs and showcasing the contents at breakneck speed. While this may have created a sense of excitement among young fans, it has also created unrealistic expectations about making money from collecting or playing Pokémon.
One shop owner, Ben Thyer, describes the current situation as "unpleasant" and warns that it's become too intense for customers to handle. He shares stories of customers threatening violence, robbery, or simply becoming aggressive when they can't get their hands on a rare card. In some cases, people are even selling sealed boxes before unboxing them, making it harder for genuine collectors to access the cards.
Another shop owner, Pete Sessions, worries about the impact this has on children who genuinely want to collect or play Pokémon. His son Alfie had recently started collecting the cards but became disillusioned with the market when he realized that making a profit was more important than enjoying the hobby. As a result, many families are now hesitant to buy booster packs due to concerns about the increasing prices.
The Pokémon Company has acknowledged the issue and is working to increase production of certain products as quickly as possible. However, it's clear that the company still struggles to keep up with demand. Meanwhile, independent organizations offering card grading services have emerged, further fueling speculation about rare cards' value.
While prices may begin to stabilize in the short term, some experts predict a new surge in sales and prices around Pokémon's 30th anniversary next year. The bubble, as it were, seems to be inevitable, leaving shop owners like Ben Thyer with an uncomfortable dilemma: sacrifice profits or protect their customers from scalpers.
In the end, this is a cautionary tale about the dangers of speculation and greed in online communities. While Pokémon cards will always hold a special place in many hearts, the current frenzy surrounding rare cards has transformed it into a stock market that prioritizes profit over passion – leaving children and genuine collectors at the mercy of resellers and speculators.
The nostalgia-tinged world of Pokémon has always been a haven for kids to unleash their creativity and passion. However, the rise of reselling and scalping among millennials has transformed this beloved franchise into a lucrative stock market, making it increasingly difficult for children to get their hands on newly released cards.
The frenzy surrounding rare Pokémon cards has led to an unsustainable demand that has pushed prices sky-high. In fact, some rare cards are now valued at hundreds, if not thousands, of pounds before they've even been released to the public. For example, a special illustration of Charizard in the latest set, Phantasmal Flames, was being touted as worth more than £600, making it almost impossible for anyone other than seasoned collectors or resellers to afford.
Online retailers such as Amazon have become battlegrounds where buyers compete against each other in an opaque raffle system, with only those willing to wait hours outside shops or scour online marketplaces for deals emerging victorious. Meanwhile, resellers will stop at nothing to get their hands on the latest sets, often queuing up for hours and buying boxes before anyone else can even see them.
The phenomenon has been attributed in part to social media influencers and YouTubers who create buzz around rare cards by opening packs and showcasing the contents at breakneck speed. While this may have created a sense of excitement among young fans, it has also created unrealistic expectations about making money from collecting or playing Pokémon.
One shop owner, Ben Thyer, describes the current situation as "unpleasant" and warns that it's become too intense for customers to handle. He shares stories of customers threatening violence, robbery, or simply becoming aggressive when they can't get their hands on a rare card. In some cases, people are even selling sealed boxes before unboxing them, making it harder for genuine collectors to access the cards.
Another shop owner, Pete Sessions, worries about the impact this has on children who genuinely want to collect or play Pokémon. His son Alfie had recently started collecting the cards but became disillusioned with the market when he realized that making a profit was more important than enjoying the hobby. As a result, many families are now hesitant to buy booster packs due to concerns about the increasing prices.
The Pokémon Company has acknowledged the issue and is working to increase production of certain products as quickly as possible. However, it's clear that the company still struggles to keep up with demand. Meanwhile, independent organizations offering card grading services have emerged, further fueling speculation about rare cards' value.
While prices may begin to stabilize in the short term, some experts predict a new surge in sales and prices around Pokémon's 30th anniversary next year. The bubble, as it were, seems to be inevitable, leaving shop owners like Ben Thyer with an uncomfortable dilemma: sacrifice profits or protect their customers from scalpers.
In the end, this is a cautionary tale about the dangers of speculation and greed in online communities. While Pokémon cards will always hold a special place in many hearts, the current frenzy surrounding rare cards has transformed it into a stock market that prioritizes profit over passion – leaving children and genuine collectors at the mercy of resellers and speculators.