Logan Paul confirms a box of $3.5 million Pokemon cards is fake

Logan Paul made headlines when he bought a box of first edition Pokémon card booster packs. But after speculating that Paul may have spent millions on fake cards, the YouTuber reviewed his purchase and confirmed it is indeed fake.

Paul posted a new video today simply titled I Lost $3,500,000 On Fake Pokemon Cards, which seems pretty self-explanatory. But the saga of how it got to this point is quite a rollercoaster ride.

There is currently a Pokemon card gold rush with first edition cards fetching valuations well into the thousands of dollars. In December 2021, Paul — an avid Pokemon card collector who owns a $150,000 Charizard — announced that he had purchased a “sealed and authenticated” box of first edition booster packs containing rare cards worth could contain a small fortune.

However, Pokemon card experts began to question the veracity of Paul’s purchase. Observers have noted that the box Paul bought does not resemble previous boxes for a similar set, and the original seller has changed his story of how he acquired this prized case at least three times in the past. The box initially sold for $75,000, well below the auction price.

In response to the online speculation, Paul traveled to Chicago to verify his purchase with the Baseball Card Exchange (BBCE) – a previous owner of the set claimed the BBCE had previously verified the set’s legitimacy, but Paul set about making his Purchase to authenticate person.

The results were that while the outer box showed signs of authenticity due to the aging of the case, upon opening it, Paul, BBCE, and everyone else there discovered that the Pokemon card boxes were filled with GI Joe trading cards. Paul reacts angrily to the discovery, and the BBCE’s owner says: “We were all duped.”

Paul brought along a card collector named Matt Allen, who bought the case for $2.7 million before selling it to Paul for $3.5 million. In the video, Allen says he would never have bought the set if it hadn’t been approved by the BBCE and Allen says he will start a new process to rectify the situation.

“I’m a super positive person bro and I will always be the one to see the bright side. And I’m trying, but it’s very difficult,” says Paul.

As Pokemon card speculation continues to run high, fakes and fakes are more common in the market, so be careful.

Matt TM Kim is the news editor of IGN. you can reach him @lawoftd.

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