Batman #232 (1971)
Landmark issue Batman #232 (1971) published by DC Comics. Key significance: First appearance of Ra's al Ghul.
Estimated Market Value
Live Market Benchmark$1.2K
Value Range: $120 (Low Raw) – $7.5K (CGC High-Grade)
Guide data reviewed July 2026. Estimates are informational and vary by edition, condition, and completed-sale timing. Read the valuation disclaimer.
🏛️ CGC Census & Population Rarity
Total Graded copies
1,870
CGC 9.8 Population
162
Price by Condition (CGC Grade Matrix)
| Condition | Estimated Value |
|---|---|
| Poor (P 1.0) | $120 |
| Good (G 2.0) | $240 |
| Fine (F 6.0) | $600 |
| Very Fine (VF 8.0) | $960 |
| Near Mint (NM 9.4) | $1.8K |
| Mint (M 9.9) | $7.5K |
* Values are weighted market estimates based on recent auction sales and CGC slab history.
Variant & Edition Multipliers
Direct Edition
Standard comic shop direct distribution.
Newsstand Edition
Barcoded newsstand rack edition with lower survival rate.
Recent Verified Sales Log
| Date | Grade | Marketplace | Price |
|---|---|---|---|
| 2026-06-12 | CGC 9.6 | eBay | $1.7K |
| 2026-04-05 | CGC 9.4 | Heritage Auctions | $1.3K |
Key Issue Specifications
- Series
- Batman
- Issue
- #232
- Year
- 1971
- Publisher
- DC Comics
- Writer
- Dennis O'Neil
- Cover Artist
- Neal Adams
Characters Featured
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Batman #227
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Batman #251
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Batman #232 FAQ
How much is Batman #232 worth?
Batman #232 (1971) has an estimated average market value of $1.2K, ranging from $120 in low raw condition to $7.5K or higher in top CGC graded condition.
What is a high-grade CGC copy of Batman #232 worth?
In Near Mint (9.4+) condition, Batman #232 is valued at approximately $1.8K, with Mint (9.9/10.0) copies reaching up to $7.5K.
Why is Batman #232 a key comic book?
Batman #232 is a key issue because: First appearance of Ra's al Ghul. Landmark issue Batman #232 (1971) published by DC Comics. Key significance: First appearance of Ra's al Ghul.