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This is First Edition #86, as the indicia says. First Edition was the preview and advertising publication of First Publishing. This one came out in October 1989, previewing their December releases.

As for value, maybe a couple bucks? First Edition isn't real common on the market, and trying to assemble a complete run would require the gods' own patience, but there's approximately nil interest in any of them. The fact that First Publishing printed very, very little with current market interest at all pretty much dooms their house organ to further obscurity.

Despite the title of the advertised poster, this has absolutely no relationship to the ultra-rare Vootie APA fanzine.

Sorry to be the bearer of bad news. It's an interesting piece of industry history, regardless.

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On 5/26/2021 at 9:02 AM, Brooklyn860 said:

You never know, people are selling Marvel preview order forms for big bucks now. Any First appearances inside?

First Edition almost certainly won't have "preview" appearances of either of the First Publishing A-list characters (such as First had A-list characters). Dreadstar debuted in Epic Illustrated #3, and Grimjack's first appearance was in Starslayer #10; both predate the existence of First Publishing in its entirety. Heck, even Badger started with Badger #1 from Capital Comics, not with First.

It is possible that the single-digit issues of First Edition might have an "appearance" of Reuben Flagg prior to American Flagg #1 or of Jon Sable prior to Jon Sable Freelance #1. The question, of course, is whether anyone would care. Both American Flagg #1 and Jon Sable Freelance #1 probably have a FMV of $5-10 for high grade raws, but I can't imagine they have much liquidity at that or any price. So I struggle to think that their advertising preview would do much better.

The October 1986 issue might also have a feature about their upcoming publication of the TMNT TPB. If so, that's probably of some interest to the TMNT completionists, as many of them tend to enjoy the really obscure turtles ephemera.

If First had ever published anything anyone read, it might be a different story...

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