Is Chad Pennington #226 worth grading?

Football · Football Cards 2000 Ultra · full price guide →

Grading rarely pays for this card

Grade 9.5 copies of Chad Pennington #226 sell for $7.00, only $4.96 above the $2.04 raw price — less than an economy-tier grading fee. A PSA 9 ($6.34) only about breaks even after fees, so the case rests on gemming. Keep it raw unless you are grading for the slab itself.

Raw (NM): $2.04
Grade 9.5: $7.00
PSA 9: $6.34
Gem premium: 3.4×
As of: Sep 2, 2026

Break-even by outcome and fee

Chad Pennington #226: net result of grading versus selling raw, by outcome and fee tier
If it comes back…	Sells for	Economy / bulk (~$25.00)	Standard (~$50.00)	Express (~$150)
Gem — Grade 9.5	$7.00	−$20.04	−$45.04	−$145
PSA 9	$6.34	−$20.70	−$45.70	−$146
PSA 8	$2.58	−$24.46	−$49.46	−$149

Net = sale price − $2.04 raw value − fee. Fee tiers are illustrative; plug your grader's current price into the calculator below.

Expected value — how often does it need to gem?

Chad Pennington #226: expected value of submitting by gem probability
Chance it gems	Expected sale	Expected net (standard fee)
25%	$6.50	−$45.53
50%	$6.67	−$45.37
75%	$6.83	−$45.20

At the standard fee this submission does not break even at any realistic gem rate unless the miss lands above the 9 price.

Full grade ladder

Raw conditions & history →

Chad Pennington #226 graded prices by company and grade
Grade	Graded
9.5	$7.00
9	$6.34
8	$2.58

Run your own numbers

Should I pay this?

Asking priceGrading fee

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