The most undervalued Spawn issue is arguably Spawn #9 (1993), the first appearance of Angela and Medieval Spawn, scripted by Neil Gaiman: it carries just an eBay median of about €13 (100 active listings, median across all editions and grades, June 2026) for a character so important she sparked a landmark rights lawsuit and later moved to Marvel in 2013. At that price, it's one of the starkest gaps between historical significance and market value.
Spawn debuted in May 1992 (Modern/Image age), so there is no "Silver Age" or "Bronze Age" of the character. Every key issue is from the 1990s and 2000s, which makes them recent, plentiful and — often — surprisingly affordable.
This guide sticks to the verifiable: real-time eBay medians via our estimator, and documented facts. When the listing volume is too thin to trust a figure, we say so and stay qualitative rather than inventing a value.
Why Spawn is ideal ground for hunting undervalued issues
Spawn #1 remains one of the best-selling independent comics ever: roughly 1.7 million copies sold in 1992, including nearly 1.25 million on the direct market (source: Comichron, imagecomics.com). That massive print run is exactly why most early-Spawn issues cost less than a lunch today: supply is enormous. The upside is that you can target issues with real narrative importance without paying grail prices.
The most undervalued Spawn issues (real values, June 2026)
Values = median of active eBay listings, all editions and grades combined (our estimator, eBay.fr + eBay.com). We only include issues with enough volume to make the median reliable.
| Issue | Significance | eBay median |
|---|---|---|
| Spawn #9 (1993) | 1st Angela + 1st Medieval Spawn, Neil Gaiman script | ≈ €13 · 100 listings |
| Spawn #1 (May 1992) | 1st appearance of Spawn, a top-selling indie | ≈ €15 · 102 listings |
| Spawn #16 (1993) | First issue drawn by Greg Capullo | ≈ €9 · 39 listings |
| Spawn #100 (2000) | First Image title to reach #100, 6 covers | ≈ €47 · 17 listings |
Spawn #9: the most striking mismatch
It's hard to find a clearer example of an undervalued book. Spawn #9 introduces Angela, co-created with Neil Gaiman, a character at the heart of a long rights dispute that ended with her move to Marvel in 2013. And yet its eBay median sits around €13 across all editions.
The main reason is abundance in high grade: the CGC census many copies in 9.8 as of April 2022 (source: GoCollect / Heritage Auctions). A high grade is therefore within reach, while a cheap raw copy is a few clicks away. It's a textbook case: maximum significance, minimal scarcity.
Spawn #1 and #16: the low-cost foundation
- #1 (≈ €15). The character's first appearance for the price of a new comic: its huge print run keeps it very affordable. Watch for the newsstand edition (distinct barcode), notably rarer than the direct-market version — but always check the listing volume before paying any premium.
- #16 (≈ €9). The first issue drawn by Greg Capullo, who would define the look of the series for years before becoming a star on Batman. For a €9 median, it's an often-overlooked historical entry point.
Spawn #100: the one "event" that still keeps a deserved premium
Spawn #100 (November 2000) is the first Image title to reach issue #100. It seals the death of Malebolgia and of Angela, and offers six covers by, among others, Frank Miller, Mike Mignola, Alex Ross, Ashley Wood, Greg Capullo and Todd McFarlane (source: comics.org). Its median of about €47 (17 listings) stays reasonable, but the spread between covers and grades is wide: this is the issue where condition and variant truly matter.
A caution: the "rare" issues not to overpay for
Some later issues circulate at very high prices but on tiny volume: at the time of our reading, issues like Spawn #185 or #119 showed only a handful of listings. With so little data, no median is reliable — a single optimistic seller is enough to distort the picture. Treat those values as indicative only, and cross-check several real sales before buying.
Collector strategy (grounded in real data)
- #9 = the best significance-to-price ratio. First Angela at a ~€13 median: start here.
- #1 and #16 = the foundation. Two historical milestones under a €15 median each.
- Grade and variant are everything on #100. Always check the edition and live value before buying — the medians above are from June 2026 and prices move.
Own a Spawn comic? Get a free valuation with our tool based on real eBay sales to find its low, median and high value.