A printing decision made in 1962 is the reason this comic is worth five figures instead of four. Incredible Hulk 2 value rests on a color change.
The Hulk is gray in his first issue and green from this one onwards, and the green is the version the world knows.
Why the color change made this a key
The gray in Incredible Hulk #1 did not reproduce consistently on 1962 newsprint. Copies came off the press in shades from near-white to brownish, and Marvel switched to green for issue 2 to get a color the printing could hold.
That makes this issue the first appearance of the Hulk as anybody recognizes him. Collectors treat it as a genuine key rather than as the second issue of a run, and the prices below reflect that.
It also means the two books do not compete. Somebody who wants the debut wants #1 and its gray Hulk; somebody who wants the character as drawn for the next sixty years wants this one.
Identification: 12 cents, July 1962, no bar code. Facsimiles and collected editions of this story turn up regularly, and every one declares itself in the small print.
One grade doing most of the talking
One of these came from CGC’s reporting. The rest are Heritage results, and the 9.2 lane is where nearly all of the evidence sits.
| Grade | Result | Where and when |
|---|---|---|
| CGC 9.4 | $31,200 | Heritage Auctions, March 2020 |
| CGC 9.2 | $33,600 | Heritage Auctions, July 2023 |
| CGC 9.2 | $24,000 | Heritage Auctions, July 2025 |
| CGC 9.2 | $22,400 | Heritage Auctions, October 2024 |
| CGC 9.2 | $21,000 | Heritage Auctions, January 2021 |
| CGC 9.2 | $20,849 | Goldin, March 2025 |
| CGC 9.2 | $19,800 | Heritage Auctions, September 2025 |
| CGC 9.0 | $28,800 | Heritage Auctions, June 2022 |
| CGC 9.0 | $20,400 | Heritage Auctions, January 2024 |
| CGC 9.0 | $16,200 | Heritage Auctions, April 2025 |
| CGC 8.5 | $15,600 | Heritage Auctions, November 2021 |
The 9.2 line has six documented sales spread over four and a half years and they all land between about twenty and thirty-four thousand dollars: $21,000 in January 2021, $33,600 in July 2023, $22,400 in October 2024, $20,849 in March 2025, $24,000 that July, $19,800 that September.
The 2023 result is the outlier and everything since has come back to the low twenties. Three of the last four sales sit within about four thousand dollars of each other, which is tight enough to quote from.
The 9.0 line beneath it has fallen more clearly: $28,800 in June 2022, $20,400 in January 2024, $16,200 in April 2025. Down about forty-four percent over three years, and now well below where the 9.2 has settled.
That divergence is the useful part. The 9.2 found a floor and the 9.0 kept going, so the premium for those two tenths of a grade has grown from almost nothing in 2022 to about four thousand dollars now.
The 8.0 line adds the long view. It brought $3,107 in February 2016, $7,800 in November 2020, $10,200 in April 2021, $9,200 in September 2023, $6,778 in September 2024 and $7,800 in July 2025. Up threefold over five years, then back to where it was in 2020 and holding there for two.
Notice how close the 8.0 now sits to the 8.5. Nothing at 8.5 has sold since $15,600 in November 2021, so I would treat that figure as history and quote an 8.5 nearer to what the 8.0 has been doing.
As with everything on this site, those figures come through CGC’s reporting of other companies’ auctions and Heritage’s own published results. GoCollect and PriceCharting track Incredible Hulk #2 independently, and if their numbers disagree with mine it is worth finding out which of us is wrong.
Incredible Hulk #2 value in each grade
225 sales tracked back to 2002; here are the three freshest in every grade.
| Grade | Sold for | Where and when |
|---|---|---|
| CGC 9.4 | $31,200 | Heritage Auctions, March 5, 2020 |
| CGC 9.2 | $19,800 | Heritage Auctions, September 30, 2025 |
| CGC 9.2 | $24,000 | Heritage Auctions, July 25, 2025 |
| CGC 9.2 | $20,849 | Goldin, March 1, 2025 |
| CGC 9.0 | $16,200 | Heritage Auctions, April 30, 2025 |
| CGC 9.0 | $20,400 | Heritage Auctions, January 26, 2024 |
| CGC 9.0 | $28,800 | Heritage Auctions, June 28, 2022 |
| CGC 8.5 | $15,600 | Heritage Auctions, November 19, 2021 |
| CGC 8.5 | $9,000 | Heritage Auctions, November 15, 2018 |
| CGC 8.5 | $4,660 | Heritage Auctions, February 20, 2015 |
| CGC 8.0 | $7,800 | Heritage Auctions, July 25, 2025 |
| CGC 8.0 | $6,778 | eBay, September 16, 2024 |
| CGC 8.0 | $9,200 | eBay, September 25, 2023 |
| CGC 7.5 | $9,000 | eBay, July 14, 2024 |
| CGC 7.5 | $8,400 | Heritage Auctions, April 17, 2024 |
| CGC 7.5 | $11,999 | eBay, September 16, 2022 |
| CGC 7.0 | $5,600 | eBay, February 3, 2026 |
| CGC 7.0 | $6,600 | Heritage Auctions, August 31, 2023 |
| CGC 7.0 | $3,720 | Heritage Auctions, July 9, 2020 |
| CGC 6.5 | $6,000 | eBay, July 14, 2026 |
| CGC 6.5 | $2,025 | eBay, March 29, 2026 |
| CGC 6.5 | $4,392 | Heritage Auctions, January 19, 2026 |
| CGC 6.0 | $5,000 | eBay, February 3, 2026 |
| CGC 6.0 | $2,100 | eBay, January 19, 2026 |
| CGC 6.0 | $4,560 | Heritage Auctions, October 31, 2025 |
| CGC 5.5 | $3,839 | eBay, June 22, 2026 |
| CGC 5.5 | $3,416 | Heritage Auctions, May 14, 2026 |
| CGC 5.5 | $3,840 | Heritage Auctions, October 10, 2024 |
| CGC 5.0 | $3,899 | eBay, January 19, 2026 |
| CGC 5.0 | $3,600 | eBay, May 10, 2025 |
| CGC 5.0 | $2,520 | Heritage Auctions, April 30, 2025 |
| CGC 4.5 | $2,074 | Heritage Auctions, July 23, 2026 |
| CGC 4.5 | $2,440 | Heritage Auctions, July 23, 2026 |
| CGC 4.5 | $2,733 | eBay, November 15, 2025 |
| CGC 4.0 | $2,750 | eBay, July 23, 2026 |
| CGC 4.0 | $2,400 | eBay, June 4, 2026 |
| CGC 4.0 | $2,755 | eBay, January 25, 2026 |
| CGC 3.5 | $2,666 | eBay, March 27, 2026 |
| CGC 3.5 | $1,675 | eBay, January 30, 2026 |
| CGC 3.5 | $2,450 | eBay, January 19, 2026 |
| CGC 3.0 | $2,399 | eBay, August 9, 2026 |
| CGC 3.0 | $2,350 | eBay, July 14, 2026 |
| CGC 3.0 | $1,800 | eBay, January 22, 2026 |
| CGC 2.5 | $1,238 | eBay, July 27, 2026 |
| CGC 2.5 | $1,695 | eBay, July 15, 2026 |
| CGC 2.5 | $1,125 | eBay, June 8, 2026 |
| CGC 2.0 | $1,900 | eBay, January 13, 2026 |
| CGC 2.0 | $1,710 | eBay, August 16, 2025 |
| CGC 2.0 | $1,163 | eBay, August 5, 2025 |
| CGC 1.5 | $1,200 | eBay, May 9, 2026 |
| Raw | $600 | eBay, July 27, 2026 |
| Raw Apparent | $732 | Heritage Auctions, July 23, 2026 |
| Raw | $450 | eBay, June 14, 2026 |
Every row above is a documented sale, verifiable in Heritage’s public Incredible Hulk issue index and in CGC’s published auction reporting. The 9.2 lane carries eight of them, more than any other grade on this book.
A four-figure comic all the way down
Thirty-two copies below 7.0 have changed hands since January 2025, and not one of them was cheap.
From February to July 2026: a 6.5 brought $6,000 and another $2,025, a 7.0 brought $5,600, a 5.5 brought $3,839 and another $3,416, a 4.5 brought $2,440 and another $2,074, two 4.0 copies brought $2,750 and $2,400, and a 3.5 brought $2,666.
Two things stand out. The 6.5 sold at both $2,025 and $6,000 inside four months, which is a three-fold spread at one grade. And a 3.5 brought $2,666, more than one of those 6.5 copies did.
On a book at this price level that scatter usually means restoration questions, missing coupons or a slab that has been cracked and resubmitted. It is the reason I ask for interior photographs on this issue rather than just the cover.
Selling an Incredible Hulk #2
- Check which Hulk you have. Gray means issue 1 and a far more valuable comic; green means issue 2 onwards.
- Twelve cents, July 1962. Facsimile and collected editions of this story name themselves inside.
- Photograph the interior. The mid-grade sales on this book scatter enough that a buyer will want to see inside before agreeing a price.
- Do not treat it as the second issue of a run. It is priced as a key in its own right and should be sold that way.
Send photographs including a few interior pages, and I will tell you where in a ladder that scatters more than most your copy honestly sits.
Gray or green?
Photograph the cover date and price box — July 1962, twelve cents — then run the camera down the spine and both bottom corners. Text those to me and tell me if any pages are loose.
I read every request myself.
Send photographs and I will place your copy in its grade lane against the same recent sales you can read above. Where you take it next is your call, and the options for selling in Southern California are worth knowing either way.
Related
- Incredible Hulk #1. The gray debut, and a far more expensive comic.
- The 100 most valuable Silver Age comics. And what each one really sold for.
- Comic book appraisal. What I do with photographs when they arrive.
Cover images on this page are shown small, for identification, with the publisher credited in the caption. If you are a rights holder and want an image removed, contact me and it comes down.
