Most Valuable Twilight Masquerade Cards: Complete Price Guide & Pull Rates (2026)

Tracking the most valuable Twilight Masquerade cards has become essential for Pokémon TCG collectors and investors seeking the biggest hits from Scarlet & Violet. Released as the sixth main international expansion of the ninth generation (SV06), Scarlet & Violet—Twilight Masquerade brought players into the rustic, folklore-rich festival grounds of Kitakami from the Nintendo Switch DLC expansion The Teal Mask. Beyond introducing the legendary four-faced guardian Ogerpon, the set delivered a thunderous seismic shock to the modern secondary market by producing the single most expensive regular expansion chase card of the entire Scarlet & Violet era: the Greninja ex Special Illustration Rare.

Before Twilight Masquerade hit hobby store shelves, the modern Pokémon card market had witnessed massive waves of collector enthusiasm for sets like Paldea Evolved and Pokemon 151. Yet, none of those sets produced an instant modern grail with the velocity of Greninja ex #214. Coupled with fan-favorite full-art Supporter cards like Carmine and Perrin, an adorable Illustration Rare Eevee, and tournament-defining competitive staples, Twilight Masquerade solidified itself as an instant modern classic.

Whether you are cracking open 36-pack booster boxes, opening an Elite Trainer Box, browsing single cards at a local trading card show, or managing your digital graded slab portfolio, understanding current card valuations, exact pull rates, and grading premiums is vital. In this complete 2026 guide, we analyze the top ten most expensive cards in the expansion, examine mathematical pull rates, review PSA 10 grading multipliers, and provide actionable tips for navigating the modern TCG market.

Key Takeaway: The indisputable king of Twilight Masquerade is the Greninja ex Special Illustration Rare (#214/167), which commands $280 to $330+ raw and climbs over $700 to $850 in authenticated PSA 10 Gem Mint condition. Backed by brutal pull odds of roughly 1 in 860 to 1 in 1,000 booster packs for that specific card, it represents the defining modern blue-chip chase card of the Scarlet & Violet era.

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The Market Phenomenon: Why Twilight Masquerade Broke Modern Records

To understand the intense price velocity surrounding Twilight Masquerade, one must look closely at the confluence of artistic prestige, competitive Pokémon TCG metagame power, and difficult pack distribution odds.

+---------------------------------------------------------------------------------+
|                       TWILIGHT MASQUERADE EXPANSION PROFILE                     |
+---------------------------------------------------------------------------------+
| Official Set Name:        Scarlet & Violet—Twilight Masquerade (SV06)           |
| Release Date:             May 24, 2024                                          |
| Total Cards in Set:       226 cards (167 Base + 59 Secret Illustration Rares)   |
| Primary Lore Theme:       The Land of Kitakami, Festival of Masks, Ogerpon      |
| Standout Chase Rarity:    Special Illustration Rare (SIR)                       |
| Top Single Raw Value:     $280 - $330+ (Greninja ex #214)                       |
| Top PSA 10 Slab Value:    $700 - $850+                                          |
| Est. Booster Box EV:      High variance, heavily driven by top-3 SIR hits       |
+---------------------------------------------------------------------------------+

The Greninja ex SIR Craze and Competitive Play Synergies

In modern collecting, cards that simultaneously dominate competitive tournaments and captivate casual art enthusiasts consistently achieve the highest market ceilings. Greninja ex embodies this rare dual-threat dynamic.

Illustrated by renowned artist Sie Nanahara, Greninja ex #214 features traditional Japanese ukiyo-e woodblock-style splash effects, intricate calligraphy brushstrokes, and brilliant iridescent foil textures. On the competitive battlefield, Greninja ex’s “Mirage Barrage” attack—dealing 120 damage to two of the opponent’s benched Pokémon at the cost of discarding two Energy—transformed competitive deck archetypes when paired with Froslass or Pidgeot ex.

This dual pressure generated ferocious demand: tournament players required playsets or high-rarity flex copies for regional championships, while high-end collectors and sealed investors hoarded copies to submit for professional grading.

Waifu and Character Collectors: The Rise of Carmine & Perrin

Beyond Pokémon themselves, modern collector culture places a substantial premium on charismatic human trainers (“waifu cards”). Twilight Masquerade delivered two of the most popular trainers in recent franchise history:

• Perrin (#220/167): The traveling photographer and descendant of Hisuian clan leader Adaman, captured in a serene forest setting pointing her vintage camera directly at the viewer alongside her trusty Hisuian Growlithe.
• Carmine (#217/167): The fierce, protective sister from Kitakami dressed in traditional festival yukata attire against a vibrant backdrop of festive stalls and paper lanterns.

Both cards quickly commanded near triple-digit raw prices upon launch, establishing a solid secondary market floor that supported the entire booster box economy.

Kitakami Lore and The Four Masks of Ogerpon

The narrative heart of Twilight Masquerade is Ogerpon, the misunderstood Mask Pokémon. The set introduced four distinct Tera Pokémon ex versions of Ogerpon, each wielding a unique elemental mask:

1. Teal Mask Ogerpon ex (Grass) — Featuring the ability “Teal Dance” for lightning-fast energy acceleration and draw power.
2. Hearthflame Mask Ogerpon ex (Fire) — Specializing in massive damage output via “Wrathful Hearth.”
3. Wellspring Mask Ogerpon ex (Water) — Delivering lethal multi-target bench sniping.
4. Cornerstone Mask Ogerpon ex (Fighting) — Boasting immunity against Pokémon with special abilities.

Each form received an exquisite Special Illustration Rare, creating a dedicated mini-master set within the expansion that collectors enthusiastically seek to frame and slab together.

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Top 10 Most Valuable Twilight Masquerade Cards Ranked

The following rankings reflect consolidated transactions across verified TCGplayer sales, completed eBay auctions, and certified trading card auction houses. Prices represent standard Near Mint (NM) raw copies compared to authenticated PSA 10 Gem Mint slabs.

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|               TOP TWILIGHT MASQUERADE CHASE CARDS AT A GLANCE                 |
+-------------------------------------------------------------------------------+
| Card Name & Variant                | Card Number | Raw NM Price | PSA 10 Slab |
|------------------------------------+-------------+--------------+-------------|
| 1. Greninja ex (SIR)               | #214/167    | $280 - $330  | $700 - $850 |
| 2. Carmine (SIR)                   | #217/167    | $90 - $115   | $250 - $330 |
| 3. Perrin (SIR)                    | #220/167    | $85 - $110   | $240 - $320 |
| 4. Eevee (Illustration Rare)       | #188/167    | $45 - $60    | $150 - $200 |
| 5. Bloodmoon Ursaluna ex (SIR)     | #216/167    | $40 - $55    | $120 - $160 |
| 6. Kieran (SIR)                    | #218/167    | $30 - $42    | $90 - $130  |
| 7. Teal Mask Ogerpon ex (SIR)      | #211/167    | $25 - $38    | $85 - $120  |
| 8. Buddy-Buddy Poffin (Hyper Rare) | #223/167    | $22 - $32    | $70 - $100  |
| 9. Hearthflame Mask Ogerpon (SIR)  | #212/167    | $18 - $28    | $65 - $95   |
| 10. Wellspring Mask Ogerpon (SIR)  | #213/167    | $15 - $24    | $55 - $80   |
+-------------------------------------------------------------------------------+

1. Greninja ex (Special Illustration Rare #214/167)

• Raw Market Price: $280 – $330
• PSA 10 Gem Mint Value: $700 – $850+
• Artist: Sie Nanahara

The uncontested holy grail of Twilight Masquerade, Greninja ex #214 is widely celebrated as one of the greatest artwork accomplishments of the entire Pokémon modern era. Illustrated with explosive water droplets, Japanese kanji motifs, and a dynamic pose, it resembles traditional feudal tapestries rather than a modern trading card.

Because Greninja is a perennial fan-favorite starter across global polls—surpassing even Charizard and Pikachu in the 2020 Pokémon of the Year vote—demand for high-grade specimens remains insatiable. High-grade copies submitted to grading services face fierce scrutiny over corner centering and foil scratching, keeping PSA 10 gem rates competitive and supporting elevated price tags.

2. Carmine (Special Illustration Rare #217/167)

• Raw Market Price: $90 – $115
• PSA 10 Gem Mint Value: $250 – $330
• Artist: En Morikura

Carmine is one of the standout narrative protagonists introduced in The Teal Mask storyline. In this full-art Special Illustration Rare, artist En Morikura portrays Carmine wandering through the illuminated festival night, carrying apple candy and surrounded by fluttering paper streamers and glowing lanterns.

The soft, emotive character art and vivid festival atmosphere make this card a cornerstone of modern Trainer collections. Copies in pristine condition with clean border centering routinely fetch a 2.5x to 3x multiplier when encapsulated in a PSA 10 holder.

3. Perrin (Special Illustration Rare #220/167)

• Raw Market Price: $85 – $110
• PSA 10 Gem Mint Value: $240 – $320
• Artist: Gemi

Perrin’s Special Illustration Rare is intimately connected with another beloved card in the expansion: the Hisuian Growlithe Illustration Rare (#181). In a stroke of brilliant visual storytelling, Gemi illustrated both cards from reciprocal perspectives—Perrin snapping a photo of Growlithe in a sun-dappled meadow, and Growlithe gazing back at Perrin through the grass.

Collectors frequently acquire both cards as an inseparable matched pair. Due to Perrin’s widespread appeal and the visual narrative connection, this card has displayed remarkable price stability throughout market cycles.

4. Eevee (Illustration Rare #188/167)

• Raw Market Price: $45 – $60
• PSA 10 Gem Mint Value: $150 – $200
• Artist: sowsow

While the top three positions belong to Special Illustration Rares, the number four spot is proudly held by a single-gold-star Illustration Rare: Eevee #188. Illustrated by fan-favorite artist sowsow, this card depicts an inquisitive Eevee surrounded by colorful hand-crafted plush cushions in a cozy sunlit room.

Given the immense cultural popularity of Eevee and its evolutionary line (as seen in Evolving Skies and Prismatic Evolutions), this card transcended the typical $5–$10 price band of standard Illustration Rares to become a high-value staple. Collectors who cannot afford four-figure vintage slabs love hunting Eevee as a premium raw collectible.

5. Bloodmoon Ursaluna ex (Special Illustration Rare #216/167)

• Raw Market Price: $40 – $55
• PSA 10 Gem Mint Value: $120 – $160
• Artist: Shinya Komatsu

Bloodmoon Ursaluna represents one of the most chilling and atmospheric encounters in modern Pokémon games. The Special Illustration Rare captures the monstrous, mud-caked bear trudging beneath the blood-red moon through a fog-laden bamboo forest in Kitakami.

Beyond its striking visual aesthetic, Bloodmoon Ursaluna ex became an immediate competitive juggernaut. Its ability “Blood Moon” allows it to attack for virtually zero Energy in the late game, making it an indispensable closer in top-tier tournament decks.

6. Kieran (Special Illustration Rare #218/167)

• Raw Market Price: $30 – $42
• PSA 10 Gem Mint Value: $90 – $130
• Artist: Teeziro

Kieran’s character arc—progressing from a shy, insecure villager in The Teal Mask to a battle-hardened, intense rival in The Indigo Disk—captivated players worldwide. Illustrated by Teeziro, this card portrays Kieran brooding beneath an ancient weathered wooden temple arch while festival fireworks illuminate the midnight sky.

Kieran’s popularity in character rankings, combined with the emotional resonance of the Kitakami narrative, provides strong collector support for this SIR.

7. Teal Mask Ogerpon ex (Special Illustration Rare #211/167)

• Raw Market Price: $25 – $38
• PSA 10 Gem Mint Value: $85 – $120
• Artist: Yano Keiji

As the primary mascot of the expansion, Teal Mask Ogerpon ex holds a distinguished place in the set list. Rendered in Yano Keiji’s unique folk-art watercolor aesthetic, Ogerpon dances amidst blooming moss, cherry blossoms, and sunbeams.

Because Teal Mask Ogerpon ex serves as the foundational energy engine for countless Grass-type competitive builds, competitive players and set-completers constantly absorb raw copies from the marketplace.

8. Buddy-Buddy Poffin (Hyper Rare Gold #223/167)

• Raw Market Price: $22 – $32
• PSA 10 Gem Mint Value: $70 – $100

Modern Pokémon TCG sets feature 3-star Hyper Rare gold cards, and Buddy-Buddy Poffin is among the most sought-after gold trainer items in the Scarlet & Violet era.

Allowing players to search their deck for up to two Basic Pokémon with 70 HP or less and put them onto their bench, Buddy-Buddy Poffin is an automatic four-of inclusion in nearly every meta deck. Tournament champions aiming to “max-rarity” their competitive decks drive continuous, high-volume transactions for this gleaming gold card.

9. Hearthflame Mask Ogerpon ex (Special Illustration Rare #212/167)

• Raw Market Price: $18 – $28
• PSA 10 Gem Mint Value: $65 – $95
• Artist: Kouki Saitou

Adorned with its burning crimson mask, Hearthflame Mask Ogerpon ex stands surrounded by crackling embers and fiery festival torches. Kouki Saitou’s dynamic illustration captures the fierce, protective spirit of Ogerpon when pushed to its limits. For collectors assembling the four-mask Ogerpon quartet, this card is an essential acquisition.

10. Wellspring Mask Ogerpon ex (Special Illustration Rare #213/167)

• Raw Market Price: $15 – $24
• PSA 10 Gem Mint Value: $55 – $80
• Artist: Akira Komayama

Rounding out the top ten is Wellspring Mask Ogerpon ex. Set against a cascading mountain waterfall with crystalline splashes and vibrant lotus leaves, this artwork showcases Ogerpon’s playful and fluid nature. Its affordable price point compared to Greninja makes it a favorite target for budget-conscious collectors seeking high-grade modern art cards.

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Twilight Masquerade Pull Rates and Rarity Breakdown

Cracking booster packs of modern Pokémon cards is an exercise in probability. Unlike vintage sets where holofoil ratios were roughly 1 in 3 packs, modern expansions feature intricate rarity tiers including Double Rares, Ultra Rares, Illustration Rares, Special Illustration Rares, and Hyper Rares.

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|                    TWILIGHT MASQUERADE PULL RATE PROBABILITIES                  |
+---------------------------------------------------------------------------------+
| Rarity Tier             | Graphic Icon  | Average Odds Per Pack | Booster Boxes |
|-------------------------+---------------+-----------------------+---------------|
| Double Rare (ex)        | 2 Black Stars | ~1 in 6 packs         | 5 - 6 per box |
| Ultra Rare (Full Art)   | 2 Silver Stars| ~1 in 15 packs        | 2 - 3 per box |
| Illustration Rare (IR)  | 1 Gold Star   | ~1 in 12 packs        | 3 per box     |
| Special Illustration    | 2 Gold Stars  | ~1 in 86 packs        | 1 in ~2.4 bxs |
| Hyper Rare (Gold)       | 3 Gold Stars  | ~1 in 140 packs       | 1 in ~4 boxes |
+---------------------------------------------------------------------------------+

Mathematical Odds: How Hard Is It to Pull Greninja ex SIR?

While opening an average of 86 booster packs gives you a statistical shot at any Special Illustration Rare in the set, Twilight Masquerade contains 10 different SIR cards:

• 6 Pokémon ex SIRs (Greninja, Bloodmoon Ursaluna, and the 4 Ogerpon forms)
• 4 Trainer SIRs (Carmine, Perrin, Kieran, Caretaker)

Because the pull pool is divided across 10 distinct possibilities, the mathematical probability of hitting the exact Greninja ex SIR is approximately 1 in 860 to 1 in 1,000 packs.

In terms of sealed product:

• You would need to open roughly 24 to 28 full 36-pack booster boxes on average to statistically hit a single Greninja ex SIR.
• At retail prices of $120 to $160 per booster box, the expected sealed cost to pull a single raw Greninja ex exceeds $3,000+.

This staggering scarcity math explains why Greninja ex maintained its elevated raw price rather than crashing like typical post-release cards.

Illustration Rare (IR) Batching and Print Variance

In addition to SIRs, Twilight Masquerade features 21 different Illustration Rares. With an average hit rate of 3 IRs per booster box, pulling a specific chase IR like Eevee #188 or Hisuian Growlithe #181 requires opening approximately 7 booster boxes (252 packs).

The robust demand for Eevee combined with this 1-in-250 pack scarcity explains why Eevee trades at a premium that surpasses several full-art Ultra Rares and gold Hyper Rares.

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Grading Dynamics & Condition Sensitivity for Twilight Masquerade

For collectors seeking maximum portfolio appreciation, professional authentication from PSA (Professional Sports Authenticator) or BGS (Beckett Grading Services) creates a critical condition premium. Understanding the nuances of Pokemon card grading can turn a $300 raw pull into an $800+ blue-chip asset.

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|                      PSA GRADING POPULATION & VALUE SPREAD                  |
+-----------------------------------------------------------------------------+
| Card Name                 | Raw NM Cost | PSA 9 Mint | PSA 10 Gem Mint      |
|---------------------------+-------------+------------+----------------------|
| Greninja ex SIR #214      | $300        | $340 - $380| $750 - $850 (2.5x)   |
| Carmine SIR #217          | $100        | $110 - $130| $270 - $330 (2.8x)   |
| Perrin SIR #220           | $95         | $105 - $125| $260 - $310 (2.7x)   |
| Eevee IR #188             | $50         | $55 - $65  | $160 - $200 (3.2x)   |
| Bloodmoon Ursaluna #216   | $45         | $50 - $60  | $130 - $160 (2.9x)   |
+-----------------------------------------------------------------------------+

Scarlet & Violet English Print Quality: Edge Flaking and Silvering

English Pokémon cards produced at The Pokémon Company’s North Carolina printing facilities frequently face quality control hurdles. When evaluating Twilight Masquerade cards for grading submission, inspect the following factory defects:

1. Top-Edge Foil Chipping: Modern automated die-cutters frequently leave micro-fraying or white specks on the top horizontal border, especially on dark-bordered SIR cards.
2. Surface Print Lines & Holo Scratches: Inspect the metallic foil under direct angled incandescent lighting. Micro-scratches from roller friction will downgrade an otherwise sharp card to a PSA 8 or 9.
3. Corner Whitening on Back Borders: The iconic blue card back of English Pokémon cards makes even a microscopic touch of white corner wear instantly noticeable to professional graders.

If you are torn between different grading services, review our in-depth comparison on PSA vs BGS to evaluate liquidity, registry value, and turnaround times.

Centering Thresholds: 55/45 vs 60/40

To secure a coveted PSA 10 Gem Mint grade, PSA guidelines stipulate that front centering must not exceed 55/45 to 60/40, while the reverse border can tolerate up to 75/25.

Many Twilight Masquerade Illustration Rares suffer from noticeable left-to-right centering shifts right out of the booster pack. Pre-measuring your borders with digital calipers or an AI centering inspection tool before paying $25+ submission fees is essential.

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Investment Strategies: Buying Singles vs Cracking Booster Boxes

Navigating modern trading card markets requires disciplined risk management. Whether you are building a master set, hunting high-end slabs, or investing in long-term sealed displays, follow these foundational principles:

1. Buy the Graded Single Rather Than Chasing the Pull

Cracking packs is an unforgettable thrill, but from a purely financial perspective, opening sealed product to find a specific card is mathematically unfavorable.

With Greninja ex boasting odds of 1 in ~900 packs, spending $3,000 on sealed booster boxes to pull a $300 card represents severe negative expected value. If your objective is owning a pristine copy, allocate capital directly toward an authenticated PSA 10 slab.

2. Sealed Booster Boxes as Long-Term Blue-Chip Assets

Historically, Pokémon expansion booster boxes featuring a top-tier generational chase card enjoy superior sealed appreciation. Consider previous era benchmarks:

• Evolving Skies rose to legendary status due to the “Moonbreon” Umbreon VMAX alternate art.
• Crown Zenith appreciated thanks to the Galarian Gallery Giratina and Mewtwo.
• Surging Sparks gained immediate market favor on the back of the Stellar Pikachu ex SIR.

Because Twilight Masquerade possesses the definitive grail card of Scarlet & Violet in Greninja ex, sealed booster boxes and sealed Pokémon Center Elite Trainer Boxes are viewed by collectors as prime candidates for long-term holding.

3. Timing the Market Waves

Card prices typically follow a predictable four-stage lifecycle:

1. Release Spike (Month 1): Unprecedented hype and low initial supply cause inflated asking prices.
2. Market Correction (Months 2–5): Subsequent print waves and mass pack-cracking flood the market with singles, driving prices to their cyclical bottom.
3. Stabilization & Gradual Rise (Months 6–18): Retail distribution winds down, tournament formats solidify, and demand for Gem Mint PSA 10 copies absorbs available supply.
4. Post-Print Appreciation (Years 2+): Once the set exits active print distribution, sealed box prices and top-tier chase singles appreciate steadily.

If you are preparing to liquidate duplicates or rebalance your collection into blue-chip assets, check out our complete walkthrough on how to sell Pokemon cards to maximize your realized net profit.

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How to Value and Scan Twilight Masquerade Cards with CardMint

Assessing card condition and pricing volatile modern singles requires instant, accurate data. The CardMint mobile application empowers collectors with computer vision technology and real-time transaction tracking.

+-----------------------------------------------------------------------------+
|                 THE CARDMINT SCANNING & VALUATION WORKFLOW                  |
+-----------------------------------------------------------------------------+
| 1. Instant Camera Scan    --> Snap any raw card, binder page, or graded slab|
| 2. AI Card Identification --> Identifies set, card #, secret rarity & artist|
| 3. Centering Pre-Check    --> Accurately calculates front/back border ratios|
| 4. Live Market Comps      --> Pulls real-time sales from eBay & TCGplayer   |
| 5. Collection Portfolio   --> Tracks your total collection value live       |
+-----------------------------------------------------------------------------+

With CardMint on your smartphone, you can:

• Instantly Identify Secret Rares: Differentiate between standard Double Rares, Ultra Rares, and Special Illustration Rares in seconds.
• Calculate True Market Worth: View comprehensive transaction data and check your Pokemon card worth using real completed sales rather than speculative active listings.
• Run a Live Price Check: Use our built-in Pokemon price checker during card shows to make confident trade decisions and negotiate optimal deals.
• Grade Pre-Screening: Detect off-center borders and subtle edge imperfections before paying expensive third-party grading fees.

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Frequently Asked Questions

What is the most expensive card in Twilight Masquerade?

The most expensive card in Twilight Masquerade is the Greninja ex Special Illustration Rare (#214/167). Raw Near Mint copies trade between $280 and $330, while copies graded PSA 10 Gem Mint routinely command $700 to $850+ at auction.

Why is Greninja ex from Twilight Masquerade worth so much?

Greninja ex is exceptionally valuable due to three combined factors: breathtaking traditional Japanese ukiyo-e style artwork by Sie Nanahara, unmatched competitive metagame strength via its bench-sniping “Mirage Barrage” attack, and brutal pull odds of roughly 1 in 860 to 1 in 1,000 booster packs.

What are the pull rates for a Special Illustration Rare in Twilight Masquerade?

The overall pull rate for any Special Illustration Rare in Twilight Masquerade is approximately 1 in 86 packs (or roughly 1 SIR in every 2.4 booster boxes). However, because there are 10 different SIR cards in the expansion, pulling one specific targeted SIR like Greninja ex or Carmine has odds of roughly 1 in 860 to 1 in 1,000 packs.

Is Twilight Masquerade a good booster box to hold sealed?

Yes, Twilight Masquerade is widely considered one of the best sealed booster box investments in the modern Scarlet & Violet era. Sets anchored by a generational, high-value chase card (such as Greninja ex #214) historically outperform standard sets over multi-year horizons once factory printing ceases.

Should I get my Twilight Masquerade cards graded with PSA or BGS?

You should grade your high-value Twilight Masquerade cards (such as Greninja ex, Carmine, Perrin, and Eevee) if they exhibit sharp corners, scratch-free surfaces, and clean 55/45 or better centering. A PSA 10 Gem Mint grade can increase the market value of a raw card by 2.5x to 3x, offering substantial return on investment.

How can I check the current market value of my Twilight Masquerade cards?

You can check the live market value of any Twilight Masquerade card by scanning it with the CardMint mobile app. CardMint uses instant AI image recognition to identify the card number and condition, pulling completed sales comps directly from eBay and TCGplayer in real time.