First Appearance of Moon Knight: Werewolf by Night #32

Moon Knight's first appearance is Werewolf by Night #32, cover-dated August 1975, written by Doug Moench and drawn by Don Perlin, with Al Milgrom as editor (Wikipedia). He was introduced in another character's series, so the cover belongs to Werewolf by Night; collectors still treat #32 as the Moon Knight key. His first solo story came in Marvel Spotlight #28-29 (June and August 1976), and his first ongoing series began in November 1980 (Wikipedia).

PriceCharting values for Werewolf by Night #32 (1975), based on recorded sales, retrieved September 25, 2026:

• Ungraded: $398.35
• CGC 4.0: $612.06
• CGC 6.0: $700.00
• CGC 8.0: $1,204.68
• CGC 9.2: $2,211.19
• CGC 9.8: $21,600.00

The jump from 9.2 to 9.8 is about ten times. PriceCharting's sales log also records a CGC 9.8 white-pages copy at $65,000 on March 30, 2022, so the top grade can swing far from the average. Check several recent sales in the same grade before you price a copy.

Three issues are usually collected together. PriceCharting values, retrieved September 25, 2026:

• Werewolf by Night #32 (August 1975), first appearance: $398.35 ungraded, $2,211.19 in CGC 9.2, $21,600 in CGC 9.8.
• Marvel Spotlight #28 (June 1976), first solo story: $50.36 ungraded, $179.99 in CGC 9.2, $1,015.66 in CGC 9.8.
• Moon Knight #1 (November 1980), first issue of his own series, art by Bill Sienkiewicz: $27 ungraded, $58 in CGC 9.2, $287.29 in CGC 9.8.

If a copy is priced like #32 but the cover says Marvel Spotlight or Moon Knight, it is one of the later issues.

Marc Spector believes he was brought back to life by the Egyptian moon god Khonshu and acts as his avatar. He keeps several identities: Marc Spector the mercenary, Steven Grant the millionaire, Jake Lockley the taxi driver, and later Mr. Knight, a suited consultant. Several stories portray him with dissociative identity disorder; later ones attribute the personalities to brain damage caused by Khonshu (Wikipedia).

The Disney+ series Moon Knight premiered on March 30, 2022 and ran six episodes to May 4, 2022. Oscar Isaac plays Marc Spector, Steven Grant and Jake Lockley, F. Murray Abraham voices Khonshu, May Calamawy plays Layla El-Faouly and Ethan Hawke plays Arthur Harrow. Moon Knight appears in episode 1, "The Goldfish Problem". Wikipedia reports positive reviews, especially for the performances and the portrayal of dissociative identity disorder; no second season was made, and Isaac described it as a limited series.

• Indicia: the small print on the first page or inside cover gives the title, issue number, date and publisher; reprints and facsimiles say so there.
• Cover price and barcode: a price or barcode that did not exist in the cover year means a later edition.
• Paper: decades-old newsprint tans at the edges; bright white pages on an old date are a warning sign.
• Restoration: color touch, trimmed edges and replaced covers are common on expensive keys; a grading service such as CGC or CBCS can detect them.

Shoot the front cover flat and straight on in even light, then the indicia and the back cover. Werewolf by Night is the title on the cover, so make sure the issue number 32 is sharp in the frame. ComicLens reads the title, issue number and cover art from the photo, and there are free scans every day; the indicia photo settles most reprint questions.

Research and drafting were assisted by AI and checked line by line against the sources listed on this page. Prices are the figures shown by the named source on the date given; they change with the market.