Spider-Man: Hobgoblin Lives ##1

Marvel ComicsSpider-Man: Hobgoblin Lives (Limited Series)

Spider-Man: Hobgoblin Lives

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.

Scanned on 3/9/2026
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