The most important — and most valuable — Moon Knight comic is Werewolf by Night #32 (August 1975), the first appearance of Marc Spector, created by Doug Moench and Don Perlin. Moon Knight is a Bronze Age creation: there are no Silver Age issues featuring this character. A CGC 9.8 copy reached $42,000 in 2023 according to sellmycomicbooks.com data, following a reported speculative peak during the Disney+ production period. The other Bronze Age keys — WBN #33 (2nd appearance), Marvel Spotlight #28 (1st solo), and Moon Knight #1 (1980, Sienkiewicz) — form the essential spine of any Moon Knight collection.

Moon Knight is a Bronze Age creation with no presence in the Silver Age. Doug Moench (script) and Don Perlin (art) introduced him in Werewolf by Night #32 (August 1975) as a masked mercenary hired by a criminal organization to capture Jack Russell the werewolf. The all-white-costumed antagonist armed with crescent-shaped throwing darts proved immediately popular and returned in the very next issue. His first solo stories appeared in Marvel Spotlight #28–29 (1976), before Doug Moench and artist Bill Sienkiewicz launched the first dedicated series, Moon Knight #1, in November 1980. Marc Spector — a former mercenary resurrected by the moon god Khonshu — operates under multiple identities: Steven Grant, Jake Lockley, and later Mr. Knight. That dissociative identity disorder is central to the 2022 Disney+ series.

This guide sticks to the verifiable: records documented by Heritage Auctions, sellmycomicbooks.com, and GoCollect. Our eBay estimator does not cover the Werewolf by Night, Marvel Spotlight, or Moon Knight series — it returns "invalid parameters" for these titles. Every figure in this guide comes exclusively from documented web sources. Where no public record exists, we stay qualitative.

Moon Knight Bronze Age key issue ranking (real documented data)

All records below come from public sources (Heritage Auctions, sellmycomicbooks.com). Our eBay estimator does not cover these series; all figures are sourced from the web.

IssueSignificanceDocumented record
Werewolf by Night #32 (Aug. 1975)1st appearance of Moon Knight — Moench & Perlin$42,000 (CGC 9.8, 2023, sellmycomicbooks.com); $25,200 (CGC 9.6, 2022)
Werewolf by Night #33 (Sep. 1975)2nd appearance of Moon Knight$13,200 (CGC 9.8, Sep. 2021, Heritage Auctions)
Marvel Spotlight #28 (Jun. 1976)1st solo Moon Knight story; 1st Marlene Fontaine and CrawleyNot publicly documented in very high grade
Moon Knight #1 (Nov. 1980)First solo series issue — Moench & Sienkiewicz$925 (CGC 9.8, 2022, sellmycomicbooks.com)

Sources: sellmycomicbooks.com, Heritage Auctions, GoCollect. Our eBay estimator does not cover these series.

Werewolf by Night #32 (1975): the birth of Marc Spector

Published in August 1975, Werewolf by Night #32 introduces Moon Knight in a two-part story. Marc Spector is presented as a mercenary hired for $10,000 by a criminal organization (the Committee) to capture the werewolf Jack Russell. Moench and Perlin immediately establish a distinctive figure: the all-white costume, crescent-dart weapons, and silver arms make him a visually unforgettable antagonist. By issue #33, Moon Knight realizes Russell is a victim rather than a monster and switches sides — a moral ambiguity that would become the character's defining trait.

This is the most valuable Bronze Age Moon Knight key. According to sellmycomicbooks.com, a CGC 9.8 sold for $31,200 in March 2020 and $42,000 in 2023; a CGC 9.6 fetched $25,200 in 2022. Reports cite a speculative peak for a 9.8 during the Disney+ production period, though that figure is difficult to attribute to a single documented sale. In lower grades, 2021 data shows: CGC 9.4 at $4,000, CGC 9.0 at $2,900, CGC 8.0 at $2,100, CGC 6.0 at $1,200. The issue ranks in Overstreet's top 25 Bronze Age comics.

Werewolf by Night #33 (1975) and Marvel Spotlight #28–29 (1976)

Werewolf by Night #33 (September 1975) is Moon Knight's second appearance, concluding the arc begun in the previous issue. A CGC 9.8 copy was hammered at $13,200 at Heritage Auctions in September 2021. Demand for this issue is driven by collectors who want the complete two-part first story.

Marvel Spotlight #28 (June 1976) launches the first stories dedicated entirely to Moon Knight, outside his role as an antagonist in someone else's title. The issue also introduces Marlene Fontaine and Crawley, two supporting characters who recur throughout the character's mythology. Issue #29 (August 1976) continues the solo run. No high-grade auction record is publicly documented for either issue; they are sought by completists but trade at significantly lower levels than WBN #32.

Moon Knight #1 (1980): Moench and Sienkiewicz launch the solo series

In November 1980, Marvel launched the first dedicated Moon Knight series. Doug Moench returned as writer; the artist was Bill Sienkiewicz, whose style — initially Neal Adams-influenced before evolving toward radical expressionism — defined the character's visual identity for a generation of readers. The series ran 38 issues through 1984. Moon Knight #1 is far more accessible than WBN #32: according to sellmycomicbooks.com, a CGC 9.8 sold for $925 in 2022 and $552 in 2021. The large number of high-grade copies in the CGC census mechanically limits upside on the grade. It remains the natural entry point for collecting the classic Moench-Sienkiewicz run, particularly the painted cover issues that foreshadow Sienkiewicz's later breakthrough style.

The Disney+ effect: the 2022 series and its impact on key issue values

The Moon Knight series, streaming on Disney+ from March 30, 2022 across six episodes, drove a notable demand spike on Bronze Age keys. Directed by Mohamed Diab (four episodes) and Justin Benson and Aaron Moorhead, the series stars Oscar Isaac across all three of the character's identities — Marc Spector, Steven Grant, and Jake Lockley — opposite Ethan Hawke as antagonist Arthur Harrow. Critics praised its darker tone relative to the MCU average and Isaac's performance, with the series receiving positive reviews on Rotten Tomatoes. The announcement of the production had preceded a measurable rise in Werewolf by Night #32 prices, with record sales recorded in 2021 and 2022. A second season is in development according to 2026 reports.

Own a Moon Knight comic or a Werewolf by Night #32? Get a free valuation with our tool based on real eBay sales to find its low, median, and high value.