Spider-Man #12
Marvel Comics • Spider-Man (Vol. 1)

Writer
Todd McFarlane
Interior Artist
Todd McFarlane
Cover Artist
Todd McFarlane
Publication Date
July 1991
Cover Variant
Regular/Direct Edition
Printing
First Printing
Comic Description
Final chapter of the 'Perceptions' storyline. Spider-Man and Wolverine track down a serial killer in the Canadian wilderness. Features a gritty confrontation involving the Wendigo and a corrupt hunter.
Condition & Value
Condition Grade
Very Good/Fine (CGC 5.0)
Condition Details
Moderate to heavy spine stress with color-breaking ticks; significant blunting and wear on the top-right and bottom-left corners; visible color-breaking crease on the bottom right corner ('The Killer Revealed' box); slight surface scuffing and edge wear throughout; the comic appears to be stored in a bag that may be obscuring further minor flaws.
Estimated Market Value
Raw: $5 - $10; Graded (CGC 5.0): $25 - $35
Recent Sales
Recent sales for high-grade (9.8) copies range from $80-$100. Lower-grade raw copies frequently sell for under $10 in bulk lots or discount bins.
Grading Recommendation
Not recommended for professional grading. In its current estimated condition (approx. 5.0), the cost of grading fees and shipping would exceed the market value of the comic. Grading is generally only profitable for this specific issue at a 9.6 or 9.8 grade.
Notable Features
Final issue of Todd McFarlane's legendary run on the 'Spider-Man' title before he left Marvel to co-found Image Comics. Features Wolverine guest appearance. Direct Edition (Spider-man head in UPC box).
Authentication Notes
The comic exhibits correct 1991 Marvel printing standards: glossy cover stock, newsprint-style interior pages, and the iconic 'Spider-Man' head box instead of a UPC barcode, which is standard for Direct Market editions of this period.