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Lot
91252

Archie Comics #1 (MLJ, 1942) CGC VF+ 8.5 White pages....

2011 February Dallas Signature Vintage Comics & Comic Art Auction #7030

 
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Offers to date: $225,000 on May 10, 2012
Auction Ended On: Feb 24, 2011
Item Activity: 23 Internet/mail/phone bidders Number of Bidders
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Location: Heritage Auctions
3500 Maple Avenue
Dallas, TX 75219

Description:
Archie Comics #1 (MLJ, 1942) CGC VF+ 8.5 White pages. This is the highest-graded copy by a fairly wide margin -- the next-highest is the 7.0 copy we sold for $38,837 a couple of years ago. Every copy of the issue we've ever sold has gone for substantially higher than the Overstreet value, and we expect this trend to continue here.
Archie #1 is certainly a difficult book to find in high grade -- only three copies have earned a CGC grade higher than VG/FN! Pardon the gushing, but at VF+ 8.5, this copy really has us going!
This beautiful copy hails from the "Pinnacle Hill" collection that produced the million-dollar Detective Comics #27 that sold a year ago. Of course, this is graded a notch higher and has better page quality than that famous "Tec"!
The issue is considered the first teen comic book by Overstreet. While Archie had appeared in other comics before (his first appearance was Pep #22, cover-dated 12/41), they were anthology titles where he shared space with adventure stories. Also, Archie had never been the sole cover feature of a comic before this.
This series is still going strong today, over 600 issues later! Bob Montana provided cover and interior art for the issue, which featured the first appearance of Mrs. Andrews and what you might call the "origin" of Veronica -- we learn how Archie read about the blue-blooded Park Avenue debutante-to-be and wrote to invite her to his prom in Riverdale.
Did we mention the white pages? Or that this was big... really big? Overstreet 2010 VF 8.0 value = $24,000; VF/NM 9.0 value = $37,000. CGC census 1/11: 1 in 8.5, none higher. From the Pinnacle Hill Collection.

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Service and Handling Description: Comics - Slabbed (certified) (view shipping information)

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