It seems that there are enough people shelling out money for both of these issues right now that there might be a situation where there's no clear winner in the long run. Keep in mind that they're both considered classic covers by Valiant fans.
I find this recent EW4 vs Rai 0 to be hilarious. This debate was settled back in 1993.
Last page cameo = EW4
1st full appearance and cover, and most important book in valiant history = rai 0
Hasn't changed in 22years, what would make it change now?
I respectively disagree with this.
Historically (primarily due to Wizard's advocacy) EW # 4 was always considered the first Bloodshot, even though was a cameo. Rai 0 was always more expensive because it was the more important _Valiant_ book, but EW 4 the more important Bloodshot book.
Same as with Solar 10 as the first EW, even though that's a cameo, with his first full coming in 11.
Because of that, for decades I've held EW 4 up as a counter-example to Hulk 180-181, where the market decided that the 1st cameo was more important than the 1st full in terms of the character.
Either way, far far more collectors have Rai 0 than EW 4, if only because it was such a key *Valiant* book, regardless of the Bloodshot appearance.
It's not even close EW #4 is the book to have regarding BS. Dealers at shows are holding them back not one was seen at C2E2 I found a few at Big Wow a few weeks back and only a few at Wondercon..
-Brian