100 Hot Comics #35:
Incredible Hulk 1, 1st Hulk
UNCHANGED FROM LAST YEAR

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Why Incredible Hulk 1 is a Hot Comic

2022 MARKET REPORT: HANG ON TIGHT BECAUSE IT'S GOING TO BE WILD

Something bears repeating from my first report on this Hot Comic.

Incredible Hulk 1 is a much rarer book than most other Marvel key issue comics. Check out these total census numbers for unrestored copies:

Incredible Hulk #1 -- 1,324 copies graded

Journey into Mystery #83 -- 1,599 copies graded

Fantastic Four #1 -- 1,771 copies graded

Tales of Suspense #39 -- 1,849 copies graded

Amazing Fantasy #15 -- 2,274 copies graded

Amazing Spider-Man #1 -- 2,999 copies graded

Avengers #1 -- 3,486 copies graded

X-Men #1 -- 3,997 copies graded

Plus it's the first HULK!!! Come on, when will the market move like it ought to?

We saw some great sales of this book last year -- finally! But they are just the beginning. It's simply too important, and too tough, a book not to keep increasing in value.

If you look at the very low grade sales, then it's hard not to conclude that a price bump is still overdue between 3.0 and 6.0 grades.

Recent sales:

  • 8.0 $188,000
  • 7.0 $74,000
  • 6.5 $51,600
  • 6.0 $63,000
  • 5.5 $36,000
  • 5.0 $60,000(OMG)
  • 4.5 $38,400
  • 4.0 $35,000
  • 3.5 $21,000
  • 3.0 $25,000(!)
  • 2.5 $20,000
  • 2.0 $14,400
  • 1.5 $11,700
  • 1.0 $10,000
  • 0.5 $7,500

2021 MARKET REPORT: THE STRANGEST MARVEL MEGA-KEY

While there has been some activity on Hulk 1 this year, most of it has been lower down the grade range.

Finally, there is some resolution between CGC 2.0 and CGC 5.5, where in the past they seemed jammed together with just a few thousand bucks separating the grades.

Some high-grade sales were not reported this year, including a super-nice CGC 9.0 that broke the $200,000 barrier.

Recent sales:

  • 7.5 $42,000 (very low sale during the early pandemic panic)
  • 7.0 $52,800
  • 5.5 $18,600
  • 5.0 $16,250
  • 4.5 $15,000
  • 4.0 $13,500
  • 3.5 $10,800
  • 3.0 $9,900
  • 2.5 $9,955
  • 1.8 $7,950
  • 1.5 $9,700 (OMG!)
  • 1.0 $5,900
  • 0.5 $3,350

IF YOU BOUGHT MY RECOMMENDED GRADE LAST YEAR:

Here's the bottom line.

  • CGC 5.0 2020 $16,255
  • LAST SALE $16,255
  • PERCENT CHANGE no sales

2020 MARKET REPORT: BUYERS STILL TRYING TO FIND THEIR FEET HERE

Something is happening to Incredible Hulk 1. Prices of sub-VG books are selling for VG prices. FN- books are sort of stuck. VG grades aren't moving at all.

This can't last. Upward pressure from below will see 4.0 and 4.5 and 5.0 break out of their patterns soon.

There is enough activity on this relatively scarce book to justify moving it up the hot list.

Here are recent sales:

  • 9.0 $216,000 (vs. $264,000 -- ouch!)
  • 8.5 $93,000 (vs. $108,000 -- ouch!)
  • 8.0 $91,000
  • 7.5 $70,000 (vs. $59,600)
  • 7.0 $39,600
  • 6.5 $27,600 (vs. $32,789)
  • 6.0 $25,750
  • 5.5 $21,889
  • 5.0 $16,256
  • 4.5 $13,100
  • 4.0 $11,918
  • 3.5 $12,995(!)
  • 3.0 $8,400
  • 2.5 $8,510(!)
  • 2.0 $9,220
  • 1.8 $7,950
  • 1.5 $6,100
  • 1.0 $5,439
  • 0.5 $3,900

2019 MARKET REPORT: PRICE COMPRESSION LEADS TO 2019 DROP

Some key issues seem to go up every year, but Incredible Hulk #1 is not a sure hit in every grade. I've dropped it down the list to reflect that.

I still like this book for long-term gain, but it needs time to settle down around the VG-FN range of grades. Sales are infrequent and often misleading.

Recent sales:

  • CGC 9.2 $336,000 (new record)
  • CGC 9.0 $264,000
  • CGC 8.5 $108,000
  • CGC 7.5 $54,444
  • CGC 7.0 $38,400
  • CGC 6.5 $40,000
  • CGC 6.0 $27,500
  • CGC 5.5 $20,350
  • CGC 5.0 $15,535
  • CGC 4.5 $16,000 (!!)
  • CGC 4.0 $13,250
  • CGC 3.0 $12,300
  • CGC 2.5 $7,900
  • CGC 2.0 $8,500 (!!)
  • CGC 1.8 $7,300
  • CGC 1.5 $6,500
  • CGC 1.0 $5,550
  • CGC 0.5 $3,975

2018 MARKET REPORT: DOWN BUT NOT OUT, HULK NO SMASH NOW

There is price appreciation, especially in grades around 2.5 to 3.5 and 6.5 and higher, but this book does not trade in high enough volumes to deserve a place in the top 10 at the moment.

The eye-catching 9.0 sale is from May 2017. Always exciting to see a Silver Age key issue hit such heady heights.

Recent sales:

  • CGC 9.0 $300,000
  • CGC 8.0 $89,000
  • CGC 7.5 $47,000
  • CGC 7.0 $57,000 (!!)
  • CGC 6.5 $40,000
  • CGC 6.0 $25,000
  • CGC 5.5 $20,000
  • CGC 5.0 $15,000
  • CGC 4.5 $13,600
  • CGC 3.0 $10,500
  • CGC 2.5 $7,500
  • CGC 2.0 $6,800
  • CGC 1.8 $6,000
  • CGC 1.5 $5,500
  • CGC 1.0 $4,750
  • CGC 0.5 $3,000

2017 MARKET REPORT

Hulk stole the show in the Avengers movies. And while his own movies were a little lukewarm, chances are the character will continue to cross over into other properties in the Marvel Cinematic Universe.

Incredible Hulk 1 is a much rarer book than most other Marvel key issue comics. Check out these total census numbers for unrestored copies:

Incredible Hulk #1 -- 1,324 copies graded

Journey into Mystery #83 -- 968 copies graded

Fantastic Four #1 -- 1088 copies graded

Tales of Suspense #39 -- 1180 copies graded

Amazing Fantasy #15 -- 1537 copies graded

Avengers #1 -- 1954 copies graded

Amazing Spider-Man #1 -- 1979 copies graded

X-Men #1 -- 2269 copies graded

You can see from the above that Hulk #1 is about twice as rare as AF15, but prices have not really reflected this. Demand is so high on the 1st Spider-Man appearance. But Hulk is smashing his way to the top.

The entry level 0.5 grade is now approaching $4,000. That's still a ways behind, but if this trend continues, Hulk #1 will become the most valuable Silver Age Marvel issue bar none.

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