Spider-Man ##25
Marvel Comics • Spider-Man Vol. 1 (Adjectiveless)

Writer
Terry Kavanagh
Interior Artist
Chris Marrinan
Cover Artist
Chris Marrinan
Publication Date
August 1992
Cover Variant
Direct Edition
Printing
First Printing
Comic Description
Guest-starring Excalibur. Spider-Man and Excalibur face off against the High Evolutionary. Spider-Man briefly appears to bond with the Phoenix Force, becoming the 'Spider-Phoenix', though it is later revealed to be an illusion.
Condition & Value
Condition Grade
Very Fine/Near Mint (CGC 9.0)
Condition Details
Generally sharp and flat. Minor spine stress visible along the left edge. Slight blunting on the bottom-right corner. Minimal surface wear on the white background areas.
Estimated Market Value
Raw: $10 - $20; Graded 9.8: $60 - $85
Recent Sales
Recent raw copies in high grade have sold between $12 and $18. CGC 9.8 copies typically settle around the $75 mark.
Grading Recommendation
Only worth grading if it is a guaranteed 9.8, as grading costs may exceed the value of a mid-to-high grade raw copy. Professional pressing could potentially bump a 9.0/9.2 to a higher tier because of the white cover's sensitivity to surface marks.
Notable Features
Gala 25th Issue (anniversary of the title's launch). First and only appearance of 'Spider-Phoenix' (technically an illusion). Features Excalibur team members Beast, Captain Britain, Meggan, Nightcrawler, and Phoenix (Rachel Summers).
Authentication Notes
Authentic 1990s Marvel stock. Features the standard barcode for the Direct Market. Ink density and registration appear consistent with 1992 production standards.