1997-98 Michael Jordan PMG Emerald Bidding Ends at $91,300

1997-98 Michael Jordan PMG Emerald Bidding Ends at $91,300

A key part of one of the most iconic parallel sets in the modern hobby, Precious Metal Gems (PMG) have long been a source of high value and interest from the collecting world, and Michael Jordan is at the forefront. Although bidding for the Michael Jordan PMG Emerald ended at $91,300 on eBay, it appears that there were some issues for the auction on the final day. Stay tuned for additional updates.

View the 1997-98 Metal Universe PMG Emerald Michael Jordan Auction.

As many collectors know, Precious Metal Gems were available as foil base parallels in 1997-98 Metal Universe Basketball. Limited to 100 total copies per player, the first ten cards are green and the final 90 are red. Given their rarity and age, the red parallels for Michael Jordan don't surface often and the Emerald parallel is rarely seen. A new auction covers both of those with a green version of the original Michael Jordan PMG. On top of that, the card in question is #001 of 100, giving it added significance for many collectors. Because of the parallel-within-a-parallel format, it is really #1 of 10.

1997-98 Precious Metal Gems Emerald Michael Jordan Auction 1997-98 Precious Metal Gems Emerald Michael Jordan Auction back

One major downside to the PMG parallels, outside of the price and extreme rarity, is that they are very fragile. Many exhibit considerable wear due to the foil fronts. The Michael Jordan PMG card at auction is slabbed by PSA, but the card is only listed as Authentic, with no grading provided. As noted in the listing, "This card was encased to show that the card is the true pack-pulled card. The seller chose not to have a third party authenticator assign a grade to the card since it truly is the only one in existence from the original print run from Fleer. The card does have chipping on the edges and corners."

As shocking as it seems, the Michael Jordan PMG card was acquired by the original owner in a pair of 1997-98 Metal Universe boxes that were purchased on eBay. Although he planned to keep the two boxes as an investment, he succumbed to the collecting urge. While the first box yielded nothing notable, he was rewarded in the second box with one of the rarest parallels in the hobby.

The nearly-mythical Michael Jordan basketball card is available through a ten-day auction on eBay with Baseball Card Exchange, an online retailer with a physical store in Schererville, Indiana. It is important to note that potential buyers must be prequalified to bid on the card.

The auction closed on Sunday, August 2 at 10 PM EST and bidding reached $91,300 with 91 bids. View the result here. The cards was available for viewing during the 2015 National at the BBCE booth.,

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Trey Treutel is an Ole Miss grad and a lifelong sports fanatic. He is a huge fan of the NBA and NFL, as well as soccer, college basketball and college football. As a kid, he collected football and basketball cards. In more recent years, he started collecting basketball cards again on a whim and has since expanded to other sports and entertainment options. Find Trey on Twitter at @datreute or Google+.

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