Werewolf by Night #32 (August 1975), the first appearance of Moon Knight, sells for about $530 in CGC 4.0, $620–750 in 6.0, $850–1,300 in 8.0, $3,200–4,700 in 9.4 and around $6,700 in 9.6, based on 2026 sales. CGC 9.8 copies sold for $19,500–21,600 in 2025.
Below you'll find prices by grade, recent sales, how to tell an original from a reprint, and what to do if you have a copy. We buy comic books in Chicago and the suburbs and see Bronze Age Marvel keys every week. If you'd rather sell comic books than research them, we can make you an offer.
Werewolf by Night #32 Value by Grade (2026)
Prices are for CGC-graded US copies with a blue (Universal) label.
| CGC grade | Typical 2026 price | Most recent verified sale |
|---|---|---|
| 4.0 (Very Good) | About $530 (estimate) | Apr 20, 2026 |
| 6.0 (Fine) | $620–750 | eBay · Aug 2026 |
| 8.0 (Very Fine) | $850–1,300 | $1,098 · Heritage · Sep 17, 2026 |
| 9.4 (Near Mint) | $3,200–4,700 | $3,172 · Landry's · Mar 2026 |
| 9.6 (NM+) | About $6,700 | $6,710 · Heritage · May 9, 2026 |
| 9.8 (NM/MT) | $19,500–21,600 | $21,600 · Heritage · Apr 2025 |
The 9.8 price has cooled since the 2022 Moon Knight series: a CGC 9.8 reached $70,500 at ComicConnect in March 2022, while 2025 sales were around $20,000.
Recent Werewolf by Night #32 Sales
| Date | Grade | Venue | Price |
|---|---|---|---|
| Sep 17, 2026 | CGC 8.0 | Heritage Auctions | $1,098 |
| May 9, 2026 | CGC 9.6 | Heritage Auctions | $6,710 |
| Mar 2026 | CGC 9.4 | Landry's Auctions | $3,172 |
| Jun 2025 | CGC 9.8 | Landry's Auctions | $19,520 |
| Apr 2025 | CGC 9.8 | Heritage Auctions | $21,600 |
Why Werewolf by Night #32 Is Valuable
Werewolf by Night #32 introduced Marc Spector, the mercenary who becomes Moon Knight. Doug Moench wrote the issue and Don Perlin drew it. Moon Knight began as a villain hired to capture the werewolf Jack Russell, and he became a hero and got his own series a few years later.
The 2022 Disney+ series Moon Knight pushed this book to record prices, and it remains one of the top keys of the Bronze Age. For the rest of the run, see our Werewolf by Night price guide.
How to Spot a Werewolf by Night #32 Reprint
- Cover price. The US original says 25¢ and is dated August 1975.
- UK pence copies. A copy with a pence price is a genuine 1975 UK edition. It is an original, but it usually sells for less than the US copy in the same grade.
- Facsimile edition. Marvel's facsimile edition is marked as a reprint and has a modern price.
- Paper. Originals are on off-white to tan newsprint.
- Restoration. Color touch or trimming lowers value, and CGC uses a purple label for these copies.
Not sure what you have? Send us a few photos through our free comic book appraisal.
What Affects the Value of Your Copy
A 9.8 is worth about three times a 9.6, and a 9.6 about twice a 9.4, so small defects cost a lot at the top. Learn more in how condition affects comic book value, raw vs graded comics and CGC vs CBCS, or see our comic book grading guide.
Own a Copy? Get a Free Appraisal
If you're searching for this value, there's a good chance the comic is in your hands. Comic Buying Center buys Bronze Age keys, single books and whole collections, and we pay on the spot. Our appraisal is free and there's no obligation to sell.
- Send photos of the front cover, back cover and first page
- Get an honest estimate based on current sales, not guide prices
- Visit us in Libertyville or sell comic books in Chicago and the suburbs without shipping anything
Related Value Guides
- Marvel Spotlight #5 value: first Ghost Rider
- Wolverine #1 value
- Incredible Hulk #181 value: first full Wolverine
- Werewolf by Night price guide
- Marvel Spotlight price guide
- Marvel comic price guide
- Bronze Age comics
Werewolf by Night #32 FAQ
How much is Werewolf by Night #32 worth?
In 2026 a CGC-graded Werewolf by Night #32 sells for about $530 in 4.0, $850–1,300 in 8.0, $3,200–4,700 in 9.4 and around $6,700 in 9.6. CGC 9.8 copies sold for about $20,000 in 2025.
Is Werewolf by Night #32 the first Moon Knight?
Yes. Werewolf by Night #32 (August 1975) is the first appearance of Moon Knight, Marc Spector. Issue #33 is his second appearance.
How much is a CGC 9.8 Werewolf by Night #32?
Recent CGC 9.8 copies sold for $19,520 and $21,600 in 2025. The record is $70,500 at ComicConnect in March 2022, when the Moon Knight series premiered.
Is there a Werewolf by Night #32 reprint?
Yes. Marvel has published a facsimile edition, and the story appears in collections. UK pence copies are originals, not reprints. Comic Buying Center will check your copy for free.
