Defenders #112 75¢ Variant Value

From: The 2022 CPV Price Guide for Canadian Price Variants (Type 1A) by Bill Alexander, Tim Bildhauser, Paul Clairmont, Jay Halstead, Jon McClure, Benjamin Nobel, Conan Saunders, Doug Sulipa, and Angelo Virone [ introduction, table of contents, all titles, other price guide editions]

With a 75¢ variant NM- value of $60, Defenders #112 was very close to making our featured toplist this year. It is definitely within striking distance, and has a value that puts it in the top 5% of all variants in our guide. As such a stand-out within the context of our full coverage universe, we therefore rate 75¢ price variant copies of Defenders #112 FIVE STARS as a collectible. In addition to everything the issue has going for it (as detailed in the issue notes in the page above), we note the price guide value movement since 2018. Regular copies in 9.2 have increased in value by $1 since 2018, or about +33% on a percentage basis. Meanwhile, CPV newsstand copies in 9.2 have outperformed notably, increasing in value by $48 since 2018, or about +400%.

What is the value of Defenders #112?
I have a copy of Defenders #112 and I want to know what this comic book is worth in different grades as a first printing?

✔️Accepted answer: The answer depends on the type that you own. For Defenders #112, Marvel published a direct edition type (exceptionally well preserved by collectors as direct edition comics were the type sold in comic shops), and two newsstand types which were sold to the general public on newsstands (a regular cover price version and the 75¢ price variant). If you own a price variant, lucky you, it is worth $60 in 9.2 (Near Mint Minus).

  Suggested answer: Check whether the cover of your copy of Defenders #112 has a graphical logo or a bar code box. If it has a graphical logo, sorry to break it to you but you own a commonplace direct edition copy which is worth about $4.

  Suggested answer: If your copy of Defenders #112 has a bar code box on the cover, then you've got a newsstand copy! Is it the more-rare price variant? Now for the moment of excitement: is the cover price of your newsstand copy 75¢? If so, congratulations, you own the cover price variant!!

✔️Accepted answer: The direct edition (logo on cover) is worth about $4 in VF/NM whereas the 75¢ newsstand variants are worth $45.

✔️Accepted answer: As collectibles, direct edition copies are already at a disadvantage compared to newsstand copies in the highest grades, because direct editions were extraordinarily well preserved as the distinct type sold in specialty comic shops. The comic shop owners ordered direct edition copies of Defenders #112 at a discount to cover price, but on a non-returnable basis (the graphical logo was to tell non-returnable copies apart from their returnable newsstand counterparts). When their orders arrived, the comic shop staff handled the books with extreme care to preserve their condition, and then the comic book collectors who shopped there typically preserved their purchases in plastic bags with backing boards. By contrast, newsstand copies were treated as reading material with no staff training to handle the books with any semblance of care, and they were then sold to the general public; unsold copies were returned for credit and typically pulped/recycled forward. Only those newsstand copies of Defenders #112 that were taken home and preserved by collectors would survive today in the highest grades. Among surviving newsstand copies of Defenders #112, the market area that received the 75¢ cover price newsstand copies was a restricted area representing less than 10% the population of the total North American newsstand market. That's because the destination market for 75¢ copies of Defenders #112 was Canadian newsstands — hence the name Canadian Price Variant as a short-hand for 75¢ Price Variant. All of this adds up to a market value for the 75¢ variant approximately 1025% higher than the direct edition in Very Fine / Near Mint (9.0) condition, as of our 2022 CPV Price Guide Edition.

✔️Accepted answer: The direct edition version of Defenders #112 is worth about $3 in Very Fine (8.0) whereas the 75¢ newsstand variants are worth $36.

✔️Accepted answer: In FN (6.0) shape, the direct edition version of Defenders #112 is worth about $2 whereas the 75¢ newsstand variants are worth $25.

✔️Accepted answer: Down in VG (4.0) Very Good condition, the direct edition version of Defenders #112 is worth about $1 whereas the 75¢ newsstand variants are worth $17.

✔️Accepted answer: The price guide value way down in GD (2.0) Good condition for Defenders #112 is about $1 for the direct edition version whereas the 75¢ newsstand variants are worth $8.

✔️Accepted answer: Defenders #112 75¢ variant newsstand copies in 9.2 have produced gains, increasing in value by $48 since 2018, or about +400% in 5 years (from our 2018 guide edition to our 2022 guide edition).