TOMAHAWK #123

This photo shows the first interior splash page (with story title 'The Stallions of Death!' and the indicia block) rather than the actual front cover, indicating this copy is likely coverless. Because the cover itself cannot be assessed, the book is graded as coverless (0.3) per standard practice regardless of the visible interior page's own condition, which appears reasonably clean with mild tanning and no major tears. Interior pages beyond this one and the back cover were not assessed.

Tomahawk #123 arrived in July 1969 near the end of the character's long run as a DC frontier adventure feature. By this point in the series' history, the stories had drifted from straightforward Revolutionary War-era action into stranger, more fantastical menace-of-the-month plotting, a shift that marked the twilight of the original Tomahawk concept before the title was retooled around his son Hawk in the early 1970s. The book carries no first appearances, deaths, or landmark creative debuts, and its significance rests chiefly as a representative late-series issue of a long-running DC Western/adventure title with roots stretching back to the character's 1947 debut.

Market data for this issue is thin, with certified sales recorded at only a handful of grades and a single transaction anchoring the FMV curve at grade 9.0. The low overall census population relative to other DC output from 1969 suggests the book is scarce in submitted form, particularly at the top of the grade scale, where only a few copies exist above NM and none have reached the 9.8 tier. Demand is driven almost entirely by Tomahawk completists and Silver Age DC Western collectors rather than by any broader crossover or key-issue interest, keeping the pool of active bidders narrow.

This is a book that trades quietly: raw copies in lower grades move as inexpensive filler for run-builders, while mid-grade examples see modest but steady interest from readers assembling a complete Tomahawk collection. A high-grade certified copy, especially anything approaching the top of the existing census, would command a real premium given the small number of surviving examples in that condition, but buyers for such a copy are likely to be specialists rather than generalist Silver Age investors. Overall, the issue is a solid but unspectacular piece for a dedicated Western/adventure comics archive.