SPIDER-MAN ##48
Marvel Comics • Spider-Man Vol. 1 (1990 Series)

Writer
Howard Mackie
Interior Artist
Tom Lyle
Cover Artist
Tom Lyle
Publication Date
July 1994
Cover Variant
Direct Edition
Printing
First Printing
Comic Description
Part 3 of the 'Beware the Rage of a Desperate Man' storyline. The issue features a heavy confrontation between Spider-Man and the demonic version of the Hobgoblin (Jason Macendale). It also prominently features the Demogoblin and the 'Death of Demogoblin' subplot.
Condition & Value
Condition Grade
Very Fine/Near Mint (CGC 9.0)
Condition Details
Minor spine stress visible along the left edge. Slight blunting on the bottom right corner. Minor surface wear and some light color-breaking stress marks on the spine. Overall color vibrancy remains high.
Estimated Market Value
Raw: $5 - $10; Graded (9.8): $60 - $80
Recent Sales
Raw copies typically sell for approximately $3-$8 in bulk, while high-grade slabbed copies reach $50+ depending on the buyer market.
Grading Recommendation
Not recommended for professional grading unless for personal collection sentimental value. The cost of grading (CGC/CBCS fees + shipping) exceeds the current market value for a 9.0-9.4 candidate.
Notable Features
Includes a UPC barcode with 'Direct Edition' text; Part of the 1990s Spider-Man series famously launched by Todd McFarlane; Features Jason Macendale Hobgoblin and Demogoblin.
Authentication Notes
Authentic 1994 issue. Correct Marvel corner box logo, pricing ($1.95 US), and age-appropriate matte-gloss paper stock typical of mid-90s Marvel Direct Edition releases.