why is the honus wagner t206 card so rare

why is the honus wagner t206 card so rare baseball sells privately for $1.2 million Honus Wagner Uncut Sheet: A

Name: why is the honus wagner t206 card so rare baseball sells privately for $1.2 million Honus Wagner Uncut Sheet: A
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Description

Today, Pokmon TCG Pocket launched its Gible drop event, a new solo battle event with five promo cards on the line as prizes

1 Foil promo card featuring Psyduck

Each box also contains three slim booster packs from each of the Collect 151 sets: Journey, Hope, and Surprise

Back: 5C (4C+White)

Its extremely rare for a card to receive a perfect Gem Mint rating because even fresh out of the booster pack a card can have minor defects that diminish the quality, like uneven color printing or little white chips on the border