The ultimate grail of the series is The Walking Dead #1 (Image Comics, October 2003) in first printing: a CGC 9.8 copy sold for around $32,000 at Heritage Auctions in 2024. One critical warning — our eBay estimator returns a median of €12 across 101 listings for this issue, but those listings are overwhelmingly reprints and later printings. That figure in no way reflects the value of the original first print.
Created by Robert Kirkman (writer) and Tony Moore (artist), The Walking Dead launched in October 2003 from Image Comics with the first appearance of Rick Grimes, a Kentucky sheriff's deputy who wakes alone in a world overrun by the dead. Tony Moore drew issues #1 through #6; Charlie Adlard took over from #7 and stayed until the end of the series. The 193-issue run concluded in July 2019 — an intentionally abrupt ending that Kirkman kept secret to catch readers off guard. The AMC television adaptation (2010–2022, 11 seasons) turned this indie series into a global phenomenon, spawning multiple spin-offs: Fear the Walking Dead, Dead City, Daryl Dixon, and The Ones Who Live.
This guide sticks to the verifiable: eBay medians from our estimator (eBay.fr + eBay.com, June 2026) and records documented by Heritage Auctions and specialist sources. One firm rule applied throughout: no eBay median is cited for issues with fewer than 15 active listings — all four character-first keys (#19, #27, #92, #100) fall into that category. Documented auction records are the only credible price reference for those thinly-traded issues.
Walking Dead key issues (eBay data and documented records, June 2026)
All four character-first keys have fewer than 15 active eBay listings each: no median is cited for any of them. Issue #1 has 101 active listings but they are dominated by reprints — the €12 median does not reflect the value of the first print. Documented values below come from Heritage Auctions and specialist price guides.
| Issue | Significance | eBay data | Documented record / value |
|---|---|---|---|
| TWD #1 (Oct. 2003) — 1st print | 1st app. Rick Grimes; art by Tony Moore | Median not cited — 101 listings dominated by reprints | ~$32,000 (CGC 9.8, Heritage 2024) |
| TWD #19 (2005) | 1st appearance of Michonne | 3 listings — insufficient volume | ~$650 (CGC 9.8, documented record) |
| TWD #27 (2006) | 1st appearance of the Governor | 4 listings — insufficient volume | ~$650 (CGC 9.8, documented record) |
| TWD #92 (Dec. 2011) | 1st appearance of Paul "Jesus" Monroe | 1 listing — insufficient volume | ~$180 (CGC 9.8, documented record) |
| TWD #100 (Jul. 2012) | 1st app. Negan; death of Glenn (multiple variants) | 5 listings — insufficient volume | Regular cover: several hundred $ in CGC 9.8 |
Record sources: Heritage Auctions, sellmycomicbooks.com, CGC Comics. Values in USD, high-grade CGC.
Walking Dead #1: the first-print grail and the reprint trap
The Walking Dead #1 has been reprinted many times since 2003. The first print (October 2003) is identifiable by its "MATURE READERS" banner printed in black letters on a black background in the upper left corner — a printing error that affected part of the initial run. Later printings carry that warning in white lettering, and the wave of reprints from the 2010s onward has flooded the market under the same cover. The result: our eBay estimator returns 101 active listings with a median of €12, but the overwhelming majority of those are common later printings. Never read that figure as the value of the original.
The original first print is one of the most sought-after modern keys in the world, ranking in Overstreet's Top 20 Modern Age comics. A CGC 9.8 copy sold for around $32,000 at Heritage Auctions in 2024, up from roughly $24,200 at Heritage in March 2022 — a meaningful increase over two years. One important note for collectors new to the series: The Walking Dead is a wholly modern creation (Image Comics, 2003). There are no Golden Age, Silver Age, or Bronze Age Walking Dead comics. Anyone looking for "an older Walking Dead" is looking for this 2003 first print.
The character-first keys: #19, #27, and #92
The Walking Dead #19 (2005) introduces Michonne, the lone swordswoman whose iconic cover appearance — flanked by her two chained walkers — became one of the most recognisable images in the series. TWD #27 (2006) marks the first appearance of the Governor, the series' central antagonist for its early arcs, a tyrant ruling a fortified community. TWD #92 (December 2011) introduces Paul Monroe — nicknamed "Jesus" — an emissary from another settlement whose arrival dramatically expands the series' world-building. All three have fewer than 5 active eBay listings: no reliable median can be drawn from that data. Documented CGC 9.8 records sit around $650 for both #19 and #27, and around $180 for #92 — well below the #1 grail, but meaningful figures for thinly-traded issues.
Walking Dead #100: Negan, Glenn, and the series' most consequential issue
Published in July 2012, The Walking Dead #100 is the best-selling issue of the series and one of the best-selling Image Comics of the modern era. It introduces Negan and his barbed-wire-wrapped baseball bat Lucille, and ends with the brutal killing of Glenn — a character who had been present since issue #2. Kirkman engineered a major publishing event around the milestone: numerous cover variants were produced (regular, chromium, SDCC exclusive, retailer exclusives), making variant identification essential for collectors. With only 5 active eBay listings, no reliable median exists. Rare variants — the chromium cover and the SDCC exclusive in particular — command significantly higher values than the regular cover in CGC 9.8.
Collecting the full 193-issue run: single issues or compendiums?
The complete series runs from #1 (October 2003) to #193 (July 2019). Building the run issue by issue is a long-term project: most non-key issues (#2–18, #20–26, #28–91, #93–99, #101–192) are readily available in reading condition for a few euros each, though a handful of mid-run issues can be harder to find. Collectors who prioritise reading over investment often turn to the four Image Comics compendiums (Compendium One through Four), each collecting roughly twenty issues in a thick trade paperback — affordable and practical, but with no resale value comparable to original singles. Standard trade paperbacks offer a middle ground. The practical approach: secure the keys first (ideally a CGC-graded #1 first print if budget allows, then #19, #27, and #100), then fill the run with raw reading copies.
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