Last week of January 2021, 2 identical, Gem Mint PSA 10 grading Michael Jordan rookie cards surfaced on the market at USD 738,000 each at Goldin Auctions. It has set a record in the trading card realm since it has jumped more than USD 500,000. Back in December 2019, that very same card was only worth USD 32,000. Yes, we're definitely talking about the 1986-87 Fleer Michael Jordan rookie card that hit the market's new record price.
There are currently only 316 Gem Mint 10 grading Michael Jordan rookie cards out of the 18,000 rookie cards submitted to PSA. Here's another frame of reference, Among the 11,500 copies of Chicago Bulls rookie cards submitted to Beckett Grading, only six were conferred with a 10 grading.
Given that the red corners of the 1986-87 Fleer Basketball cards are very delicate, it was challenging for this particularly rookie cards to receive a perfect 10 grading. That's something you need to keep in mind.