WEREWOLF BY NIGHT #14

Cover shows moderate wear consistent with a 1974 issue: mild corner softness at top right and bottom right, faint vertical crease lines visible through the werewolf's leg area, and slight surface sheen loss near the spine. No major tears, color breaks, or stains are visible, and the book is protected in a plastic sleeve which limits some detail assessment. Interior and back cover were not assessed. Cover date is Feb 1977 or earlier, so no direct/newsstand distinction applies.

Werewolf by Night #14 (Marvel Comics, February 1974) holds a firm place in Bronze Age lore as the first full appearance of Moon Knight, introduced here as a mercenary enforcer sent to eliminate Jack Russell's lycanthrope before evolving into one of Marvel's most enduring antihero franchises. Scripted by Doug Moench with art by Don Perlin and a cover by Mike Ploog, the issue arrived amid Marvel's early-1970s horror boom, embedding a new character within an already-established supernatural title rather than launching him in his own vehicle. Moon Knight's slow-burn rise through the following decades, capped by a dedicated ongoing series in the 1980s and a Disney+ television adaptation in 2022, has retroactively cemented this issue's status as an essential first-appearance book.

Market data reflects a book with broad collector participation and dependable, non-speculative demand: nearly 200 CGC Universal copies populate the census, sales occur regularly across the grade spectrum, and pricing in the mid-to-high grades has shown steady appreciation over trailing one-year and ninety-day windows rather than the boom-bust pattern seen in more speculative modern keys. The relative flatness of pricing across grades 5 through 7.5 signals that even modestly preserved copies retain meaningful value on the strength of the character's continuing media relevance, while the premium for 9.6 and 9.8 slabs reflects the scarcity of high-grade survivors relative to demand from Moon Knight completists and Bronze Age key collectors.

The book trades actively across all condition tiers, making it accessible to a wide range of buyers: entry-level collectors gravitate toward lower and mid-grade raw copies as an affordable way into character-key ownership, while advanced collectors and character-specific specialists compete for high-grade census copies, particularly 9.6 and 9.8 slabs, where population remains comparatively thin. Long-term outlook remains tied closely to Moon Knight's ongoing media presence; continued screen exposure has historically sustained and periodically reinvigorated demand for this issue, and it is reasonably expected to remain a mainstay want-list item for Bronze Age and character-origin collectors.