Anyone that buys and sells Silver Age keys will at one time or another be amazed by the price appreciation of any one grade. But what happens when multiple grades all inflate in value at roughly the same time? Such is the case with Amazing Spider-Man #1, the first Spidey in his own comic and the first J. Jonah Jameson. How many grades have been impacted by this sudden uptick in prices and why? Further, what has been the return on these expensive key comics? 

Amazing Spider-Man #1

This book is the crowning achievement of any Amazing Spider-Man series one collector. Any collector worthy of being referred to as a "completist" would quite possibly go after this as the last pick for his comic collection.

In my opinion, this first series of Amazing Spider-Man is probably the best bet for Silver and Bronze Age collecting. In fact, when friends are just getting into comics and don't know what to collect, I suggest Spidey.

I consider it the top book in the Spider-Man franchise well above and beyond any other key except Amazing Fantasy #15.

GoCollect Fun

notes from the junkyard: The Amazing Spider-Man #1: The Newton edition

The great thing about GoCollect is the ability to search for interesting patterns. These patterns are fun to come across and give you an in-depth read on the market. Often, you find interesting patterns even among your prized collectible comics.

With titles like "Chartbusters" or "Hottest Comics," these subheadings do most of the work for you, but not all. After a while, you notice the comics can have slow, even plodding increases in value. Therefore, imagine my surprise when ASM #1 appeared to double in value across the lower grades in the last 6 months!

I have cited four comic grades for Amazing Spider-Man #1 that have easily breached the $10,000 mark and returned as high as +48% over the last 6-months.  See below:

Comic Grade Price Current Return 6-Months
Amazing Spider-Man #1 1.5 $12,000 (was $8325 Dec 21) +48% (based on the highest price paid in April)
1.8 $10,500 (was $8316 Oct 21) +26%
2.0 $12,000 (was $8887 Sep 21) +35%
2.5 $12,000 ($11,300 Oct 21)  

+6.1%

 

Conclusion

All comic books have a lifecycle, much like businesses; they start, grow, mature, and then can succumb to decline as time proceeds. Big Silver Age comic books like Amazing Spider-Man #1 are in the middle of their lifecycle. Considering this comic book is 59 years old, it has at least another 40-50 years ahead, maybe more.  What this means is this book has a lot of room for a run-up in the future.

Why has an entire basket of lower-grade comic books shot up in price all at once? Interestingly, there are multiple purchases over the last several months of around $12,000 for Amazing Spider-Man #1 in varying grades. The numbers were just stunning for ASM #1 in the lower grades from grades 1.5-to 2.5.

In grade after grade, this Silver Age key comic book burst through the $10,000 range after languishing around, $6,000 for years. Weird huh? Yep. "If it looks like a duck. Walks like a duck..." Then fellow speculators, "quack-quack" it is a duck, or in this case, someone trying to corner the market on ASM #1. Hold onto your books, folks!

Amazing Spider-Man #1*Any perceived investment advice is that of the freelance blogger and does not reflect investment advice on behalf of GoCollect.