Home/Expansions/Black & White Dragons Exalted/Rayquaza
Rayquaza Basic
#128/124Illus. 5ban Graphics
Secret Rare

Rayquaza

#128/124 · from Dragons Exalted · released August 15, 2012
Track this card
Holofoil
84/ 100
A

Cardrake Chase Score

A blue-chip Black & White era Secret Rare. Top of its set, a beloved shiny legendary, and steady long-term demand. It lands high in the A tier, just short of S because it is a rendered Secret Rare rather than a top vintage grail.

Does this score look right?

Quick take

  • Shiny (black) recolor of Rayquaza in the Secret Rare slot, number 128/124
  • Full-card holo treatment, not a standard full art
  • The headline chase card for any Dragons Exalted master set
  • One of the most recognizable Secret Rares of the Black & White era

Collector's readWhat it means for your master set

Set position
1 of 239
The single most expensive card in the set
Demand vs rarity Est.
7.2×
Well above its rarity · others at this rarity sell for about $172.50
Cost to complete
≈30%
of the ~$4227 to finish Dragons Exalted
Completion difficulty Est.
Very Hard
One of the hardest cards to complete
Where it sits in the price lifecycle
Release Hype
Post-Release Correction
Stable / Reprint Risk
End-of-Print Spike
Out-of-Print Maturation
Buy timingDragons Exalted is out of print, so supply only tightens over time. Buy a clean copy when you find one rather than waiting for a dip.
Out of print · pricing trending up · estimated

Set landscapeWhere this card sits in Dragons Exalted

fewermore cards
Common
3
8
21
4
3
39
Uncommon
1
10
18
5
2
36
Rare
3
16
1
4
24
Ultra Rare
2
4
2
4
12
Secret Rare
1
3
4
Holo Rare
1
5
6
1
13
all
4
22
60
18
14
3
7
128
0.5
1
5
15
50
150
150+
Columns = resale price up to $X (log) · shade = cards in cell (log) · right & bottom = totals · white ring = this card

VariantsCard variants

Holofoil 128/124 · $1250.00 — the only variant this card was printed in (no reverse holo or special pattern), so a master set needs just this one copy.

The Shiny black Rayquaza from Dragons Exalted, a full-card holo Secret Rare by 5ban Graphics. It sits at the top of the BW6 chase list and remains one of the most recognizable Secret Rares of the Black & White era.

The storyThe Shiny Rayquaza that anchors a Dragons Exalted master set

Dragons Exalted ran on a Dragon-type theme, and the set saved its best for the Secret Rare slot. Card 128/124 is Shiny Rayquaza, the black recolor of the legendary, printed as a full-card holo. If you are building a BW6 master set, this is the card that decides whether the binder feels finished.

“Shiny (black) recolor of Rayquaza in the Secret Rare slot, number 128/124”

Rayquaza already carried weight from the main games and the anime by 2012. Putting the shiny version in the Secret Rare position gave the set a clear headliner. Plenty of collectors who never touch the rest of the set still chase this one card.

It has held that status for over a decade. Among Black & White era Secret Rares, Shiny Rayquaza is one of the first names people bring up, and it stays the marquee pull for the set.

By the numbersMarket analysis

Price context

This sits at the top of the Dragons Exalted set in raw value, comfortably a strong three-figure card in clean condition. Within Black & White era Secret Rares it lands in the upper bracket, well above the set's regular full arts.

Price trend

It has behaved like a stable era chase rather than a hype spike. Demand has been steady for years, with the usual lift that older Black & White cards see as the era ages into nostalgia territory.

Investment outlook

A blue-chip era piece rather than a quick flip. A top-tier Pokemon, a shiny treatment, and Secret Rare scarcity give it a durable floor. Condition and grade matter a lot here, so the upside is concentrated in clean, high-grade copies.

Demand drivers
Rayquaza's enduring popularity across games, anime, and the wider franchiseShiny variant appeal, which collectors consistently pay up forIts role as the single must-have card for a BW6 master setBlack & White era nostalgia pulling more buyers back to 2011-2013 sets
Graded premium

Graded copies carry a clear premium over raw, and the gap widens fast at the top of the scale. A high-grade gem commands a large multiple over a played raw copy, while mid grades sit much closer to raw money. Centering and holo surface are the usual gating factors.

Approx. pull rate

Dragons Exalted predates the Scarlet & Violet rarity system, so modern Double Rare and Special Illustration Rare odds do not apply here. Secret Rares from the Black & White era sat at the very bottom of the rarity ladder, well rarer than the set's full arts and holos. In practice, pulling this specific Rayquaza from packs was a long shot measured in many boxes, not many packs. That is a big reason most collectors buy it as a single rather than chase it from sealed product. Worth flagging: this is a Secret Rare, not a Gold Star card, so the vintage Gold Star odds of roughly one per two booster boxes do not describe this card.

Rarity context

For scale, any Special Illustration Rare in a modern Scarlet & Violet set runs around one in 90 packs, and the odds for one specific SIR run far longer than that. This 2012 Secret Rare was scarcer at the pack level, with the added pressure of being more than a decade old and facing a shrinking supply of clean copies.

ArtworkWhy the art matters

Card artwork
Artist · 5ban Graphics

5ban Graphics is a Japanese design studio, not a single illustrator, and it handled most of the digitally rendered full-art and Secret Rare cards across the Black & White and XY eras. The style leans on 3D modeling and rendered lighting rather than painted brushwork, which is why these cards read as glossy and metallic.

The artwork

The card shows the Shiny version of Rayquaza, the dark recolor with its serpentine body coiled across the full card frame. It is a rendered, high-gloss presentation rather than a hand-painted scene, with the Pokemon filling the whole card instead of sitting in a bordered window.

Technical details

Printed as a full-card holo Secret Rare numbered 128/124, beyond the named set total. The whole surface takes holo treatment, so the foil pattern runs across the entire card rather than a contained art box.

What makes it special

It pairs the franchise's most popular sky legendary with a shiny recolor and the scarcest rarity tier in the set. The 5ban rendered look makes the shiny coloring pop in a way the standard art does not, and that combination is what keeps it in demand.

BackgroundAbout Rayquaza

Rayquaza debuted in Generation III as a Legendary Dragon/Flying Pokemon and the mascot of Pokemon Emerald. It became central to the Hoenn storyline as the sky-high counter to Kyogre and Groudon, and later picked up a Mega form. It has stayed one of the most popular legendaries in the franchise across games, anime, and merchandise.

Why fans love it
  • ›Mascot status from Pokemon Emerald and a recurring story role in Hoenn
  • ›A fan-favorite design that reads instantly even in silhouette
  • ›Repeated presence in the TCG across multiple eras
  • ›Shiny Rayquaza has its own dedicated following
Notable appearances
  • ›Box legendary of Pokemon Emerald
  • ›Central figure in the Hoenn weather-trio storyline
  • ›Mega Rayquaza in Pokemon Omega Ruby and Alpha Sapphire
Competitive relevance

The Dragons Exalted Rayquaza saw fringe play in its era, but this card is collected for the art and rarity, not for the deck. Treat it as a display and master-set piece.

Own it wellCollector guide

Condition notes

Full-holo Black & White Secret Rares show wear easily. Check the edges and corners for whitening against the dark surface, look for surface scratches in the holo under angled light, and inspect centering since these full-card prints are often off. Print lines can show on the dark background.

Grading recommendation

Worth grading if the copy is genuinely clean. The high-grade premium is large enough to justify it, and a slab also helps with authentication on a card this valuable. Below mid grade, the premium thins out and raw may make more sense. Read the grading guide →

Storage advice

Sleeve plus a top loader at minimum, and a card saver or graded slab for long-term holds. Keep it out of direct light and away from humidity. The dark surface shows fingerprints, so handle by the edges. See the storage guide →

Buying advice

For real money, buy graded, or buy raw only from sellers with clear, well-lit photos of all four corners and the surface. This card is faked often, so be skeptical of prices that look too good. Compare against recent sold listings, not asking prices. See the singles buying guide →

Authentication tips

Run the basic vintage checks. Do a light test to confirm the black core layer that real cards have. Feel for the correct surface texture, watch how the holo behaves when tilted, and check the back swirl gradient against a known-genuine card. The rendered shiny art is hard for fakes to reproduce cleanly, so blurry or flat coloring is a red flag. For serious spend, buy it already graded.

Word on the streetCommunity sentiment

Reception

Long regarded as one of the standout Secret Rares of the Black & White era and the face of Dragons Exalted. Collectors who like shiny variants and Rayquaza specifically treat it as a grail-tier target for the period.

Social buzz

It comes up regularly in master-set and Black & White era discussions as a must-have, and shiny Rayquaza in general keeps a steady fan following. Talk centers on condition and centering, given how common flaws are on these full-holo prints.

Good to knowFrequently asked questions

It combines a fan-favorite legendary, the shiny black recolor, and the Secret Rare tier, which is the scarcest in the set. That stack makes it the headline chase card for a BW6 master set.
Yes. The Dragons Exalted Secret Rare shows the Shiny version of Rayquaza, the dark recolor rather than the standard green. That shiny treatment is a big part of why it carries a premium.
No. It is a Secret Rare from 2012, not an EX-era Gold Star. The Gold Star cards are a different, older series with a gold star symbol and their own pull odds, so don't conflate the two when comparing values.
Grade it if it is genuinely clean, since the high-grade premium is large and a slab helps with authentication on a frequently faked card. If the copy has noticeable edge wear or off-centering, the premium shrinks and selling it raw can make more sense.
This card is counterfeited often. Use the light test to confirm the black core layer, check the surface texture and holo behavior, and compare the back swirl gradient to a known-genuine card. For serious money, buy it already graded or only from sellers with clear photos of every corner and the surface.

Keep collectingRelated cards

Game data
Type
Pokémon
Element
Dragon
Stage
Basic
HP
120
Rarity
Secret Rare
Artist
5ban Graphics
LDragon Pulse
40
Discard the top 2 cards of your deck.
FLCShred
90
This attack's damage isn't affected by any effects on the Defending Pokémon.
Weakness
OOx2
Resistance
None
Retreat
CCC

Plan your Black & White Dragons Exalted master set

Track every card, see what you're missing, and lay out your binder page by page.

Open the binder planner

More cards in Black & White Dragons Exalted

See all 128 cards →

More from 5ban Graphics