The Punisher #46
Marvel Comics • The Punisher Vol. 2 (1987 Series)
Writer
Mike Baron
Interior Artist
Erik Larsen
Cover Artist
Michael Golden
Publication Date
March 1991
Cover Variant
Regular/Direct Edition
Printing
First Printing
Comic Description
Part 1 of the 'Cold Cache' storyline. Frank Castle (The Punisher) travels to the Alps to retrieve a hidden Nazi cache of gold and art, facing off against modern-day neo-Nazis and the harsh winter elements.
Condition & Value
Condition Grade
Fine/Very Fine (CGC 7.0)
Condition Details
Visible color-breaking spine stress/ticks; some blunting and wear on the bottom left and top left corners; minor surface edge wear; possible slight tanning on the white margins of the cover.
Estimated Market Value
Raw: $5.00 - $10.00; Graded (9.8): $40.00 - $60.00. In current condition, it is effectively a dollar-bin/five-dollar book.
Recent Sales
Raw copies typically sell for $3-$8 on eBay. High-grade CGC 9.8 copies have recently sold in the $50 range.
Grading Recommendation
Not worth grading. The cost of grading (approx. $25-$40 + shipping) exceeds the market value of the book in this condition. Grading is only recommended for this issue if it is a guaranteed 9.8 to maximize profit.
Notable Features
Features artwork by Erik Larsen, who would later become a founder of Image Comics. It is a 'Direct Edition' indicated by the Punisher graphic in the UPC box area.
Authentication Notes
Authentic 1991 Copper Age comic. Paper stock is standard newsprint/pulp interior with a semi-gloss cover characteristic of early 90s Marvel books. No signs of restoration visible.