Bandai posted a notice on September 24, 2026 banning OP14-020 Dracule Mihawk, the green Leader from The Azure Sea's Seven, effective October 12, 2026. If you own any version of the card, the Mihawk OP14-020 ban price picture splits into three tiers. Play copies sell for pennies. The Alternate Art sits around $41 raw. The PSA promo trades near $64 raw. Below is what each holder should weigh before selling, grading or holding.
According to the official ban notice, certain combinations involving the card "have become more powerful than anticipated," and it "significantly restricts the viability of Leader cards with the {Slash} attribute." Bandai says P-163 Dracule Mihawk, a Leader with revised text, will be handed out at future events. The notice gives no exchange or compensation details for existing OP14-020 copies, so don't plan around a trade-in.
Why did Bandai ban the Mihawk Leader?
The short answer is that it beat Slash Leaders too easily. The card text on Limitless TCG starts with "If your opponent's Leader has the attribute, this Leader gains +1000 power." As CBR explained in its September 24 report, that gave Mihawk a built-in edge over Slash Leaders such as Rocks D. Xebec.
The matchup data supports this. Cardsrealm, citing Straw Hat Stats, reported a 71.6% win rate for Mihawk against Rocks and 73.9% against green Shanks, but only 42.1% against Nico Robin. Bandai says it judges bans on "win rate, results from major tournaments, usage rate, its projected influence on the future game environment." Changes usually come after Championship Season 1 in Japan and after the World Championship, but urgent bans can happen at any time.
CBR reports that P-163 "has the same stats and an almost identical secondary effect, but without the +1000 Slash Attribute bonus." For players, the Leader isn't going away, it's being reissued in a weaker form. For collectors, every card numbered OP14-020 is now a card nobody can sleeve up for a tournament.
Which Mihawk cards does the ban affect?
The ban applies to card number OP14-020. The regular Leader, the Alternate Art and the PSA promo all carry that number, so for tournament purposes treat all three as gone. Their value now depends on collectors, not players.
The OP14-119 Dracule Mihawk is not affected. Limitless TCG lists it as a Character card, not a Leader, and this ban targets the Leader only. PriceCharting lists the OP14-119 Manga at about $624 ungraded and $1,000 in PSA 10. If you see panic listings around the ban, check the card number before you buy or sell. The two get confused easily.
What is my Mihawk OP14-020 play copy worth?
Well under a dollar. Limitless TCG lists the standard OP14-020 at $0.23 (€0.12), and PriceCharting shows $0.63 ungraded. PriceCharting also lists Grade 9 at $10.01 and PSA 10 at $74.50, but you shouldn't read a graded number as a reason to submit a common Leader that's banned from play.
Shipping a single card costs more than the card is worth. Keep it as a binder piece or put it in a bulk lot. Don't spend time listing it alone.
Do banned One Piece Leaders keep collector value?
Some do. Collector versions of a banned Leader can keep real value, because that value never depended on tournament play. The closest precedent is the OP03-040 Nami Leader, banned effective August 30, 2025 per ShonenTCG. Like Mihawk, it also got a replacement promo.
More than a year later, the Nami Alternate Art on PriceCharting is $245.06 ungraded, $281 in Grade 9 and $450 in PSA 10. Recorded PSA 10 sales include $410 on September 28, 2026 and $450 and $455 on September 19, 2026. The regular Nami sells for about $1.27, with recent sales between $1.00 and $1.43.
Know what this precedent shows and what it doesn't. It shows a banned Leader's collector printing can still trade at meaningful prices more than a year later. It does not show that the Nami Alternate Art held its pre-ban price, because we have no verified pre-ban figure to compare against. Nami is also a different character from a different set. Treat it as proof that collector value can survive a ban, not as a forecast for Mihawk.
The official banned list also includes other Leaders, OP06-047 Charlotte Pudding (effective April 1, 2026, per ShonenTCG) and ST10-001 Trafalgar Law (September 1, 2024 in Japan and Asia-Pacific, September 6, 2024 elsewhere, per SNKRDUNK). A Mihawk collector has more than one case to study.
Should I sell the Mihawk Alternate Art now or hold?
It depends on whether you bought it to play or to keep. If it was a deck upgrade, the reason you bought it ended on September 24. If you want the art or the character, the ban changes less than the headline suggests. Here are the current tiers on PriceCharting:
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Ungraded: about $41 (it showed $41.85 and then $40.94 in two checks on October 6, 2026)
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PSA 9: $37.59
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PSA 10: $79.14
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BGS 10: $90
Limitless TCG lists the Alternate Art lower, at $23.40. The difference reflects the bigger issue: where you sell matters. Sales PriceCharting recorded after the announcement:
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9/24/2026: $30.00 (TCGplayer), $65.00 (eBay)
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9/25/2026: $29.00 (TCGplayer)
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9/27/2026: $28.99 (TCGplayer)
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9/28/2026: $22.99 (TCGplayer)
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9/30/2026: $55.00 (eBay)
That puts TCGplayer at roughly $23-$30 and eBay at $55-$65 over the same week. The sample is small, and fees and buyer pools differ by platform. Still, a raw holder who sells on the first platform they open could leave half the price behind. Compare both before listing.
Once players leave, three groups of buyers remain: Mihawk character collectors, people who collect alternate art for the artwork, and set completers working through The Azure Sea's Seven. None of them were forced buyers. They aren't in a hurry, which usually means fewer, slower sales rather than none.
We have no verified pre-ban price for this card, so we can't tell you how far it moved because of the ban. Be wary of anyone quoting a percentage drop without a dated source.
Is the Mihawk PSA promo different from the Alternate Art?
Yes. It has a separate collector base and much thinner graded data. The official One Piece Card Game account said on Threads on May 18, 2026 that Mihawk was the fourth exclusive PSA x One Piece Card Game promo, after Luffy, Boa Hancock and Shanks, and that collectors had to join PSA Collectors Club by May 31 to get it. It carries the OP14-020 number, so it falls under the ban like the other versions.
On PriceCharting, the promo is $63.87 ungraded, at about one sale per day, with ungraded copies mostly selling between $42 and $100. Graded figures are listed as PSA 10 $355, CGC 10 $213, SGC 10 $213, BGS 10 $462 and CGC 10 Pristine $383. The PSA 10 figure comes from a single recorded sale, and PriceCharting describes graded sales volume as rare.
Don't value a stack of graded promos off one $355 sale. One sale tells you what one buyer paid on one day. We have no verified population count, so we can't say how scarce a 10 is. Raw volume is the more reliable number here, and its $42-$100 spread is wide.
Should I grade my Mihawk Alternate Art before selling?
Only if you're confident it will come back a 10. On PriceCharting, PSA 9 Alternate Art copies ($37.59) currently sell for less than raw copies (about $41). A PSA 10 ($79.14) is worth roughly $38 more than raw before you pay grading fees and shipping. Anything below a 10 has, on current data, cost you money.
Before submitting, check centering, surface and edges honestly. Then subtract your actual grading fee, shipping both ways and the selling fee on the platform you'll use. Also account for turnaround: you'll be selling into whatever the market looks like when the slab comes back, not today's market. Our card grading break-even tool compares your net proceeds from selling raw versus graded using the costs you enter. It doesn't predict your grade, current prices or future returns. It only does the arithmetic with your numbers.
The same logic applies to raw PSA promos, with one more caution. Graded comps are so thin that the "graded value" you plug in is largely a guess. Use the lower end of what you've seen.
How to read Mihawk sold listings over the next two weeks
The useful window runs from now through the days after October 12, when the ban takes effect and P-163 starts circulating at events. To read it properly:
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Use completed sales, not asking prices. Listings around a ban are full of sellers asking pre-ban prices and buyers lowballing. Only sold prices tell you anything.
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Track TCGplayer and eBay separately. The post-announcement gap is too big to average away. Note which platform each comp came from.
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Record a dated baseline today. Write down the last five sold prices per version and platform with dates. Nobody captured a clean pre-ban baseline for this card, so your own record is the best one you'll have.
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Watch October 12 and the first P-163 distribution. These are the two points where player-held copies are most likely to hit the market.
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Discount one-off graded sales. A single PSA 10 promo sale or a single high eBay sale is not a market. Wait for repeats.
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Check the card number on every comp. OP14-119 sales mixed into a search for "Mihawk" will distort your read badly.
Bottom line by holder type
Player with a regular play copy: It's worth about a quarter to sixty cents. Keep it or bulk it. Don't ship it alone.
Raw Alternate Art holder: If you bought it to play, compare TCGplayer and eBay sold prices before selling, because the gap is large. If you bought it for the art or the character, the Nami precedent suggests there's no need to sell in a hurry, though it doesn't promise the price will hold.
Raw PSA promo holder: Raw sales are steady at about one a day, with a wide $42-$100 range. If you sell, price against recent raw comps, not against the lone PSA 10 sale.
Graded holder: Alternate Art PSA 10s show a real premium over raw, while PSA 9s don't. Graded promo data is too thin to price confidently. If you need to sell, expect price discovery to take time and be patient. If you don't need to sell, the two weeks around October 12 will give you better data than you have today.
Related reading
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Card Consignment vs eBay: Which Nets More on a Mid-Value Slab?
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How to Avoid the 2026 Allen and Ginter Hobby Box Presale Markup on Release Day
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What eBay, Fanatics Collect and COMC Keep From a $100 Card Sale
Sources
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Banned/Restricted Cards effective from October 12, 2026 (ONE PIECE CARD GAME official site)
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Banned/Restricted Card Addition Notice (ONE PIECE CARD GAME official site)
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One Piece Officially Bans Major Card Starting October 12 (CBR)
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OPTCG: September Banlist Review, Goodbye, Mihawk! (Cardsrealm)
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Dracule Mihawk [Alternate Art] OP14-020 Prices (PriceCharting)
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New PSA x One Piece collab promo just revealed (official One Piece Card Game on Threads)
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2 Cards to Be Banned From Tournament Play Starting From 1 September 2024 (SNKRDUNK Magazine)
Note: This article contains AI-assisted content and has been reviewed in our editorial workflow.
DISCLAIMER: PureGrail articles are for informational and entertainment purposes only. Nothing on this site constitutes financial, investment, or legal advice. Collectibles are speculative assets and values can decrease significantly. Always conduct your own research before buying or selling. Past price performance does not indicate future results.
