Mega Greninja ex
Quick take
- Rarest Mega Greninja in Chaos Rising at roughly 1 in 1,786 packs
- Second-most expensive card in the set, behind only its own SIR sibling
- Required for any complete Mega Greninja rarity chain (Double Rare → SIR → MHR)
- Gold etched treatment replaces full-art illustration with hammered-metal foiling
Collector's readWhat it means for your master set
Set landscapeWhere this card sits in Chaos Rising
VariantsCard variants
Holofoil 122/86 · $132.53 — the only variant this card was printed in (no reverse holo or special pattern), so a master set needs just this one copy.
The storyThe Gold Greninja That Came Second on Day One
Mega Hyper Rare is the highest rarity slot in the Mega Evolution era. Full-card etched gold texture, the Pokemon art preserved but recoloured under hammered metal, no full-bleed illustration. The treatment trades artistic ambition for scarcity stamp, and collectors who chase MHRs do it for the rarity tier rather than the picture.
“Rarest Mega Greninja in Chaos Rising at roughly 1 in 1,786 packs”
For most cards in the era that math works. Mega Greninja MHR was supposed to be the test case. Pre-release Japanese coverage projected it past the SIR. The English market closed the question in week one, the SIR took the top spot and the MHR settled at around $400 raw, second in the set rather than first.
None of that diminishes the card. The 1-in-1,786 pull rate makes it roughly 25x rarer than any SIR in the set. Collectors building the full Mega Greninja rarity chain (Double Rare at #022, SIR at #116, MHR at #122) need this slot. Master set chasers need it. The MHR is doing what MHRs do, anchoring the top of the structural-scarcity ladder. It's not winning the popularity contest at the top of the price ladder.
By the numbersMarket analysis
Around $400 raw on TCGPlayer at last sync. Second-highest card in Chaos Rising behind only Mega Greninja SIR at #116 (~$594). The next tier of SIRs in the set sits at $63-114, so the MHR is comfortably above that cluster but clearly below the headline.
MHRs trade differently from SIRs. The gold treatment appeals to investment-focused collectors who prioritise rarity stamps over illustration. That demand pool is narrower and slower-moving than art-driven SIR demand. Expect this card to glide rather than swing, the 1-in-1,786 pull rate provides structural scarcity that the SIR doesn't quite match.
Better long-term durability than typical SIRs at this price point. The MHR scarcity survives reprint cycles and rotation pressure in a way art-driven cards don't always manage. Greninja's permanent fanbase provides the demand floor. The risk is the SIR continuing to outperform on social demand, which can suppress MHR pricing despite the rarity advantage. PSA 10 graded copies are the cleanest hold.
PSA 10 around 1.5-2x raw. The hammered gold surface is forgiving on print quality but unforgiving on handling marks. Fingerprints and surface scuffs grade harshly. The texture can hide minor centering issues that still come back lower than expected, the slab process catches things human inspection misses.
Roughly 1 in 1,786 packs across all MHR slots in Chaos Rising based on community Mega Evolution era data. Booster box odds (36 packs) work out to around 1 in 50 boxes per MHR slot. The rarest pull tier in the era.
Top of the Chaos Rising rarity ladder alongside other Mega ex MHRs in the set. The pull rate is roughly 25x rarer than any SIR. Despite that, the SIR outsold this card on day one, which is unusual but tells you what collectors are actually paying for.
ArtworkWhy the art matters
Artist information pending verification from card database updates.
The standard Mega Greninja ex card art preserved within the gold etched border. The illustration shows Mega Greninja in a more contained pose than the SIR, closer to the standard card frame, with hammered-metal foiling replacing the typical holofoil pattern across the entire card face. Background and figure both render in gold tones.
Mega Hyper Rare with full-card etched gold foiling. Texture follows a hammered-metal pattern across the entire surface, including typography and energy symbols. No coloured ink layers, the whole card reads as gold under any lighting.
MHR is the rarity that signals investment-grade collecting. The treatment is consistent across the entire Mega Evolution era, which gives the MHRs a unified visual identity that the more varied SIRs lack. Mega Greninja's underlying art happens to work particularly well in monochrome gold because the ninja design relies on silhouette and motion rather than colour palette.
BackgroundAbout Mega Greninja ex
See me04-116 for the full Greninja franchise history. Generation VI Water/Dark starter, National Pokedex #658. Ash's anime signature partner across the XY arc. Smash Bros. fighter since Smash 4. Battle Bond / Ash-Greninja special distribution in Sun and Moon. Mega Greninja debut in Legends: Z-A (2025).
- ›Greninja's broad cross-audience demand carries across all three rarity tiers
- ›MHR rarity attracts the investment-focused collector segment specifically
- ›Rarity-chain completionists need this slot to finish the Greninja set
- ›Smash Bros. and Ash-Greninja crossover audiences extend appeal beyond TCG
- ›Master set builders need this card regardless of personal Greninja preference
- ›Final evolution in Pokemon X/Y (2013)
- ›Ash's signature Pokemon in XY and XY&Z anime arcs
- ›Playable in Super Smash Bros. for Wii U/3DS and Ultimate
- ›Battle Bond / Ash-Greninja special distribution (Sun/Moon, 2016)
- ›Mega Evolution debut in Pokemon Legends: Z-A (2025)
Greninja's competitive history is documented above the chase-card layer. The MHR has playable stats matching the SIR and Double Rare, but the value and pull difficulty make it a display piece by default.
Own it wellCollector guide
Gold etched surfaces grade harshly on handling defects. Fingerprints, surface scuffs, edge whitening, all immediately visible against the consistent gold tone. Centering can be tricky to evaluate because the gold border blends with the foiled face. Inspect under angled light and high magnification.
Grade clean copies. PSA 10 premium runs 1.5-2x raw. Handle with sleeves only, body oil on gold etched surfaces is a common downgrade. Wait for market stabilisation, 30-60 days post-release, before submitting if you can, early submissions chase a peaky market. Read the grading guide →
Sleeve on pull, rigid top loader or magnetic case for raw. Graded slabs are the gold standard for long holds at this tier. Climate-controlled storage matters more for gold-etched cards than standard holofoils, the surface is more sensitive to humidity cycling. See the storage guide →
Direct purchase only. The 1-in-1,786 pull rate makes sealed product irrational at this scale. TCGPlayer Direct and reputable eBay sellers carry inventory within the first week. MHRs typically settle slower than SIRs, so timing is less urgent than it would be for the SIR variant. See the singles buying guide →
At this price tier, authentication is non-negotiable for raw purchases. Counterfeits often get the gold colour close but the texture wrong. Graded slabs from PSA, CGC, or BGS eliminate the risk for serious purchases.
Protect your card
High Chase Score — protect and consider grading. · Amazon affiliate links · Storage guideWord on the streetCommunity sentiment
Positive but quieter than the SIR. The community settled on the framing that the MHR is the serious-collector chase while the SIR is the art-collector chase. Both have legitimate buyers, but the pull-video moments favour the SIR's illustration, which keeps the MHR's social ceiling lower than its rarity would suggest.
- ›Day-one TCGPlayer market around $400 raw
- ›Pre-release Japanese estimates had this card around $600, English market settled lower
Steady but lower-key. Pull videos featuring this card celebrate the rarity rather than the art. The gold treatment is consistent across the entire era, so each MHR pull reads as 'one of the rare ones' rather than a unique artistic moment. Mega Greninja's existing fanbase keeps engagement constant even without viral pull moments.
Good to knowFrequently asked questions
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