2018 MARKET UPDATE: JOHNNY BLAZE SETTING THE WORLD ON FIRE
We've seen strong sales of this book, especially above the tough VF range for this black covered book from the early 70s.
There's no stopping the price increases, though our 9.4 pick has only appreciated 9 percent.
2017 MARKET UPDATE:
While the movie trail has gone cold for Ghost Rider, this book is still very popular with collectors and investors. It's doubly tough, being a black cover and a picture frame cover (notoriously hard to find in high grade).
While some grades have seen prices cool off, the 9.8 sale makes this book the most valuable of the Bronze Age (not counting the freak CGC 9.9 sale of Incredible Hulk #181).
Despite the best efforts of Nic Cage, nobody much cares for the series of Ghost Rider movies. Tedious storylines and perhaps some of the least likeable 'heroes' in the MCU have kept Ghost Rider a second-string hero.
Nevertheless, Marvel Spotlight #5 is a genuine key issue, and has enough demand to cause its price to increase in the last year or so.
Part of the renewed excitement is the fact that film rights have reverted to Marvel Studios. Maybe there will be no more dedicated Ghost Rider movies, but if the character even crosses over into a mainstream series, then you'll see prices rocket.
Forget CGC 9.8. There are only two examples in the census, mainly due to the mostly black cover of this early 70s book, and the next time one hits market we expect it to fetch close to $20K.
9.6s are the next best thing, but probably not affordable to most of us. We recommend a 9.4 with white pages, which will still cost you close to $2,500, but has the potential for big appreciation.