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Few cases in comics market history match New Mutants #98's meteoric rise. Published in March 1991 in near-total indifference — the market's attention was then on variant covers and "special" issues — this comic nonetheless contained something exceptional: the very first appearance of Deadpool, the character created by Rob…

For informational purposes only: This information is provided for educational purposes only. My Comics Collection is not an investment advisor. Values vary with condition, scarcity and market trends.

Few cases in comics market history match New Mutants #98's meteoric rise. Published in March 1991 in near-total indifference — the market's attention was then on variant covers and "special" issues — this comic nonetheless contained something exceptional: the very first appearance of Deadpool, the character created by Rob Liefeld and Fabian Nicieza who would become one of the most popular Marvel superheroes of his generation.

In 2026, after two monster-hit films with Ryan Reynolds and a third installment (Deadpool & Wolverine) that broke global box office records, New Mutants #98 has become a must-have key issue, and its value directly reflects that enthusiasm. This complete guide explains what this copy is worth, how to avoid the traps (and there are many on this title), and what the outlook is for the months ahead.

The story of New Mutants #98: the birth of a cult anti-hero

In 1991, The New Mutants is a second-tier series at Marvel. Created in 1982 as an extension of the X-Men franchise, it focuses on the new generation of mutants at Professor Xavier's school. By 1991, the series is near the end of its life — it will end at issue 100 to make way for X-Force, the more aggressive new team imagined by Rob Liefeld.

In that transition context, New Mutants #98 is published. Liefeld, then one of Marvel's most visible artists despite his controversial style, introduces two new characters: Deadpool, a masked mercenary in red and black with swords and pistols, and Domino, a sharpshooter with the power to manipulate luck. A third character, Gideon, also makes his first appearance in this issue.

At the time of its release, this comic was essentially worthless. Mint copies bought at $1.75 on newsstands would have cost less than $5 at collector sales in the following years. It took until the 2010s and especially the 2016 Deadpool film announcement for collectors to start realizing what they had — or what they had thrown out.

Triple key issue: New Mutants #98 (March 1991) contains the 1st appearance of Deadpool, the 1st appearance of Domino and the 1st appearance of Gideon. That density of first appearances makes it one of the richest key issues of the 1990s.

Current New Mutants #98 CGC values in 2026

New Mutants #98 has a different valuation structure from Golden Age and Silver Age comics: copies were printed in very large quantities (several hundred thousand), but demand for maximum CGC grades (9.8 and 9.6) remains extraordinarily strong, which keeps prices high at those levels.

CGC grade Condition Estimated 2026 value
CGC 10.0 (Gem Mint) Absolute perfection $25,000 – $50,000+
CGC 9.8 (NM/MT) Near perfect $4,000 – $8,000
CGC 9.6 (NM+) Excellent $800 – $1,500
CGC 9.4 (NM) Very Good+ $250 – $500
CGC 9.2 (NM-) Good+ $100 – $200
CGC 9.0 (VF/NM) Very Fine $60 – $120
Raw (ungraded) Variable $30 – $150

The NM #98 price structure is characteristic of high-print-run Modern Age keys: 9.8 and above grades concentrate most of the value, with a spectacular gap between a 9.8 ($4,000-8,000) and a 9.6 ($800-1,500). This value concentration on maximum grades reflects collector demand for the best possible copy of a comic that exists in thousands of lesser-condition copies.

How Deadpool made NM #98's value explode

New Mutants #98's value rise is directly correlated to Deadpool's cinematic trajectory. It's one of the most documented correlations in the modern comics market:

The lesson of this trajectory is clear: major Deadpool film releases have systematically pushed prices higher. And with Deadpool now integrated into the MCU, new projects are inevitable, which maintains structural buying pressure on this issue.

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Pitfalls to avoid on New Mutants #98

New Mutants #98 is one of the most counterfeited, overrated and misrepresented comics on the market. Its popularity with unwary buyers makes it a prime target for unscrupulous sellers. Here are the most common traps:

The overrated-condition trap

Copies presented as "NM" or "Near Mint" in open eBay sales can actually be CGC 8.0 or 8.5 once seriously examined. Spine stress, small color loss and cover micro-damage are often minimized by non-professional sellers.

The cover "cleaning" trap

Some sellers chemically clean covers to make them brighter and appear in better condition. This practice is undetectable to the naked eye but is caught by CGC and results in a "Conserved Applied" designation or downgrade. Ideally buy copies already graded by CGC.

The "guaranteed CGC 9.8" trap

Some sellers claim their copy "would grade a 9.8" without having graded it. Nothing guarantees a CGC grade before official examination. A copy that looks perfect can receive a 9.4 for a reason imperceptible to a lay visual examination. Never pay a 9.8 price for an ungraded copy.

The reprint trap

Reprints and trade paperbacks reproduce NM #98's content. Always check the copyright date and the indicia (the small-print legal notices at the bottom of the page) to confirm you have the original March 1991 edition, not a later reprint.

The outlook for New Mutants #98 in 2026

With Deadpool & Wolverine confirming Deadpool's integration into the MCU, the outlook for NM #98 remains very positive. Marvel Studios has clearly indicated Wade Wilson will be a recurring Phase 6 character, which means regular announcements that could fuel fresh demand spikes.

The most rational strategy for a collector on this title in 2026 depends on the goal:

Key facts about New Mutants #98 (1991)

  • 1st appearance of Deadpool, Domino and Gideon, by Rob Liefeld and Fabian Nicieza
  • Published March 1991, Modern Age, high print run
  • CGC 9.8: estimated value $4,000 – $8,000 in 2026
  • Spectacular rise since 2014, tied to Deadpool films
  • Many pitfalls: overrated condition, chemical cleaning, reprints
  • Further upside potential from future Deadpool MCU projects

FAQ: New Mutants #98, your most common questions

Yes, New Mutants #98 (March 1991) contains the very first appearance of Deadpool, created by Rob Liefeld and Fabian Nicieza. It's also the first appearance of Domino and Gideon in that same issue. Before this comic, Deadpool didn't exist in the Marvel universe.
New Mutants #98 was printed in hundreds of thousands of copies in 1991, but demand for copies in very good condition (CGC 9.8) is so strong — and the quantity of copies in that condition so small — that prices stay high. NM+ copies are much rarer than you'd think among the large quantities printed.
A New Mutants #98 graded CGC 9.8 (Mint-) is worth between $4,000 and $8,000 in 2026 based on recent sales. This price can fluctuate significantly during Deadpool MCU project announcements. In CGC 9.6, count on $800 to $1,500. In CGC 9.4, around $300 to $600.
Non-original copies and copies with overrated condition circulate on eBay and some resale sites. The main risks: copies listed as NM but with hidden defects (spine creases), covers chemically cleaned to look cleaner, and in rare cases unofficial copies. CGC certification remains the only reliable protection.

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