Spider-Man: Hobgoblin Lives ##1
Marvel Comics • Spider-Man: Hobgoblin Lives (Limited Series)

Writer
Roger Stern
Interior Artist
Ron Frenz
Cover Artist
George Pérez
Publication Date
January 1997
Cover Variant
Regular
Printing
First Printing
Comic Description
This is the first issue of a three-part limited series intended to finally resolve the long-standing mystery of the Hobgoblin's true identity, which had become convoluted during the 1980s. Spider-Man investigates as Jason Macendale (the current Hobgoblin) stands trial.
Condition & Value
Condition Grade
Very Fine- (CGC 7.5)
Condition Details
Visible rounding and blunting on the top left corner; several minor color-breaking spine ticks; slight surface wear on the black ink portions of the cover; bottom right corner shows minor softening.
Estimated Market Value
Raw: $5 - $10; Graded (9.6+): $45 - $60
Recent Sales
Recent raw copies in similar mid-to-high grade condition typically sell for between $6 and $12 on platforms like eBay.
Grading Recommendation
Not recommended for professional grading. The costs of grading and shipping would likely exceed the final market value of the book in this condition.
Notable Features
Includes a George Pérez cover; part of a significant 'retcon' story by Roger Stern to fix Hobgoblin's origin; Direct Edition (Spiderman head in UPC box).
Authentication Notes
Appears to be an authentic 1997 Marvel publication; the high-gloss cover finish and aging on the top edge are consistent with the paper stock used by Marvel in the late 90s.