WEREWOLF BY NIGHT #23

Cover shows good color and gloss with sharp corners overall; slight edge wear is visible along the top and right edges, and minor surface handling wear can be seen near the spine. There is a faint vertical crease/bindery line along the left edge but no major color breaks visible. The book is in a protective sleeve, and interior and back cover were not assessed.

Werewolf by Night #23 (November 1974) arrived during the high point of Marvel's 1970s horror line, written by Doug Moench with art by Don Perlin, the regular creative team that defined the series' back half. The issue introduces Tatterdemalion, a ragged, blade-wielding adversary who would go on to make sporadic appearances against Jack Russell and other Marvel street-level characters over subsequent decades. The book sits within a title whose larger legacy is cemented by Moon Knight's debut a few issues later in #32, and #23 is collected primarily as part of a complete Werewolf by Night run rather than as a standalone target.,

Market data shows a typical Bronze Age horror-title curve: modest, steady demand through mid grades with a pronounced premium concentrated at the top of the census. Sales at 9.4 through 9.8 show real acceleration, with the 9.8 tier commanding roughly triple the 9.6 price despite a similarly thin census population, reflecting collector willingness to pay for top-of-census condition on a title with ongoing series-completion demand. Lower and mid-grade raw copies trade as inexpensive reading/filler copies for run-builders, with little independent pricing pressure absent the character or cover recognition of the line's marquee issues.

This is a run-completion book rather than a speculative key, appealing mainly to Werewolf by Night series collectors and Marvel horror specialists filling out full sets. Raw copies in low and mid grade move steadily but cheaply as reading copies, while CGC 9.8 examples are scarce enough to draw dedicated bidding whenever they surface, given the small top-census population. Long-term value is tied more to the enduring popularity of Marvel's 1970s horror line and Moench/Perlin's body of work than to any single first appearance in this specific issue.