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All-Winners Comics #1 cover
Cover: Alex Schomburg

All-Winners Comics #1

Jul 1941 · Marvel · 0.10 USD
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About this Issue

All-Winners Comics #1 is the debut of Timely Comics' first dedicated multi-hero anthology title, assembling Captain America, the Human Torch, the Sub-Mariner, the Angel, and the Black Marvel under one cover for the very first time — a structural prototype for the team-book concept that would define Marvel decades later. Its two-page Stan Lee text story, 'All Winners,' is the earliest known appearance of the name and concept of the All-Winners Squad, planting the seed for what became Marvel's first fully realized superhero team (realized in issue #19). Arriving in the summer of 1941 — months before the United States entered World War II — the issue's stories pitted Timely's biggest stars directly against Nazi and Imperial Japanese threats, reflecting a bold editorial stance that placed American superhero comics squarely in the war-preparedness conversation. As the launch issue of a series that ran through the entirety of the Golden Age, it also marks Timely's direct competitive answer to DC's giant-sized quarterly format.

In "Carnival of Fiends," a shadowy Japanese agent stirs chaos in Chinatown, threatening the quiet life of New York's Chinese community and plotting to turn the All-Winners Squad against themselves. Written and illustrated by Carl Burgos, this early Marvel tale blends wartime tension with pulp-style intrigue, all rendered with the bold, dynamic style that defined the era. The cover, by Alex Schomburg, captures the story’s eerie, high-stakes atmosphere in striking detail.

Contains 5 stories
Carnival of Fiends
12 pp · Superhero
Inspector RileyMatsu (introduction, villain)Ku-Shi (introduction, villain)

In the shadowed alleys of 1941’s Chinatown, a secret Japanese agent moves through the night, threatening the quiet life of the community and plotting to turn the Torch and Toro into his unwitting tools. "Carnival of Fiends" unfolds with tense intrigue, as heroism faces a sinister scheme rooted in deception and fear.

The Order of the Hood
12 pp · Superhero
Pat CaseyMary NashThe Order of the Hood [The Hood (villain, introduction, death)unnamed ones ( introduction)]

In "The Order of the Hood," the Black Marvel confronts a shadowy new villain and his vast, menacing organization, whose plans threaten to plunge the nation into chaos. With the fate of the country hanging in the balance, the hero must rise to meet a danger unlike any he’s faced before.

The Case of the Hollow Men
13 pp · Superhero
The Lord of Death (villain, introduction)The Lord of Death's zombies (villain, introduction)Major Grant

In "The Case of the Hollow Men," Cap and Bucky confront a chilling mystery: how to stop a man who's already dead, a challenge that grows more urgent as they race to thwart a villain who sees himself as the lord of death.

The Torpedo Boat Terror
12 pp · Superhero
The Nazis (villains)

In "The Torpedo Boat Terror," Sub-Mariner dives into a covert threat along the U.S. coast, uncovering a hidden network of Nazi mosquito boats operating from a deceptively quiet boathouse—only to realize the real danger is just beginning.

The Case of the Mad Gargoyle
12 pp · Superhero
The Gargoyle (villain, introduction, death)

In "The Case of the Mad Gargoyle," the Angel takes on a chilling mystery as aircraft vanish without a trace along the Panama Pacific route—leaving behind only eerie silence and a trail of dread. With no clear answers, he uncovers a sinister cult whose twisted rituals are tied to the ancient, cursed gargoyles guarding forgotten ruins.

ComicBooks.com Value

Our Model is In Beta
Raw (Good) $1,361
CGC 9.8 · 1 in census $186,287*
CGC 9.6 $129,395
CGC 9.4 · 1 in census $72,967*
CGC 9.2 · 4 in census $56,681*
CGC 9.0 none in existence
CGC 8.5 · 3 in census $23,743
Show all 22 grades
CGC 8.0 · 6 in census $16,444
CGC 7.5 · 1 in census $14,284
CGC 7.0 · 4 in census $13,097*
CGC 6.5 · 6 in census $11,244*
CGC 6.0 · 6 in census $6,538
CGC 5.5 · 3 in census $6,538
CGC 5.0 · 4 in census $6,538
CGC 4.5 · 4 in census $6,538
CGC 4.0 · 6 in census $5,130*
CGC 3.5 · 2 in census $5,130
CGC 3.0 · 6 in census $3,553
CGC 2.5 · 3 in census $3,262*
CGC 2.0 · 3 in census $2,777*
CGC 1.5 · 2 in census $2,133*
CGC 1.0 · 1 in census $1,783*
CGC 0.5 · 1 in census $1,400*
* estimate — limited direct-sales data at this grade
Our model’s value — refined as new sales data arrives · CGC census counts shown where available

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History

The series was developed under the working title 'All Aces,' which appeared in pre-publication house ads across other Timely titles before the name was changed prior to publication. Timely launched it as a 68-page quarterly to match a format National/DC had pioneered with giant solo-character quarterlies, but with a crucial difference: where DC typically devoted those pages to a single character, Timely chose to give each of its top stars a roughly 12-to-13-page solo slot and use the remainder to spotlight secondary characters — in this debut, the Black Marvel (scripted by a very young Stan Lee, who also wrote the text story) and the Angel. The cover was provided by Alex Schomburg, already prolific across Timely's line, and the Captain America story was the work of the still-active Simon and Kirby team, which would depart Timely for DC later that same year. Stan Lee served as editor, and the issue represents one of the earliest documented examples of Lee's scripting work in comics.

Trivia · 9 facts

  • Published Summer 1941 (on-sale May 20, 1941; cover date June/Summer 1941) by Timely Comics, the direct predecessor of Marvel Comics, as a 68-page, full-color quarterly priced at ten cents.
  • The issue contains five separate superhero features: the Human Torch (script and art by creator Carl Burgos), the Black Marvel (script by Stan Lee, art by Al Avison and Al Gabriele), Captain America (script by Joe Simon and Jack Kirby, pencils by Kirby and Avison, inks by Simon, Gabriele, and Syd Shores), the Sub-Mariner (script and art by creator Bill Everett), and the Angel (script and art generally credited to creator Paul Gustavson, though this attribution is noted as unconfirmable).
  • A two-page prose text story titled 'All Winners,' scripted by Stan Lee with spot art by Ed Winiarski, features the Human Torch, Captain America, the Sub-Mariner, the Black Marvel, and the Angel adventuring together — marking the first-ever use of the All-Winners Squad name and concept, five years before the team formally debuted in issue #19.
  • All characters appearing in the issue were pre-existing; no new superhero characters were introduced, making the issue's significance structural and editorial rather than a first-appearance vehicle.
  • This is the only issue of the entire All-Winners Comics run in which both the Angel (Thomas Halloway) and the Black Marvel (Dan Lyons) appear; both were replaced starting with issue #2.
  • The Captain America story, 'The Case of the Hollow Men,' features Adolf Hitler as a villain — part of Timely's pre-Pearl Harbor pattern of anti-Axis storytelling — and includes Steve Rogers, Bucky Barnes, and Sergeant Duffy at Camp Lehigh.
  • The cover was painted by Alex Schomburg, who was already one of Timely's most prolific cover artists; the interior table of contents on the inside front cover reproduces images cut directly from Schomburg's cover painting.
  • The series' working pre-publication title was 'All Aces,' as documented in house ads in other Timely titles of the period; the published indicia title for all issues except #21 is 'All-Winners Comics' (hyphenated), even though the cover itself reads 'All Winners Comics' without a hyphen.
  • All-Winners Comics #1 through #4 were collected and reprinted in Marvel Masterworks: Golden Age All-Winners Vol. 1 (2004), with the full run covered across four Masterworks volumes released between 2004 and 2011.

Cast · 10 characters

Full credits

writer, artist, inker Carl Burgos
cover pencils, inks Alex Schomburg

Reprints

Reprinted in Captain America Collectors' Preview #1 (1995), Golden Age of Marvel #2 (1999), Great American Comic Books #[nn] (2001), Giant-Size Invaders #2 (2005), Marvel Masterworks: Golden Age All-Winners Comics #1 (2005), All Winners Comics 70th Anniversary Special #1 (2009), Marvel Masterworks: Golden Age All-Winners Comics #1 (2013), Marvel Masterworks: Golden Age All-Winners Comics #1 (55) (2013), Golden Age Captain America Omnibus #1 (2014), Captain America Epic Collection #22 (2016), Timely's Greatest: The Golden Age Sub-Mariner by Bill Everett - The Pre-War Years Omnibus #[nn] (2019), Timely's Greatest: The Golden Age Simon & Kirby Omnibus #[nn] (2019), Timely's Greatest: The Golden Age Human Torch by Carl Burgos Omnibus #[nn] (2019), Flashback #23

Key issues in All-Winners Comics

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