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Captain America #354 cover
Cover: Kieron Dwyer & Al Milgrom

Captain America #354

Jun 1989 · Marvel · 0.75 USD; 0.95 CAD; 0.50 GBP
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“Reawakening”
★ 1st appearance — U.S.Agent
About this Issue

Captain America #354 marks the first full appearance of John Walker as U.S. Agent — the culmination of a multi-year storyline in which writer Mark Gruenwald systematically built Walker as an ideological foil to Steve Rogers, a figure who embodied a harder, government-sanctioned brand of patriotism. By giving Walker a new name, a new black costume repurposed from Steve Rogers's own discarded wardrobe, and an officially sanctioned covert role with the Commission on Superhuman Activities, Gruenwald transformed what began as an antagonist into a genuinely complex antihero who went on to headline his own series and influence every subsequent 'replacement Cap' story involving Bucky Barnes, Sam Wilson, and beyond. The issue's formal conceit — running two parallel storylines simultaneously in split-screen layout, with Rogers and Walker's visual compositions deliberately mirroring each other — makes it a structurally inventive piece of Copper Age storytelling, not merely a transitional plot beat. The character introduced here later made his live-action debut in the MCU's The Falcon and the Winter Soldier (2021), bringing renewed attention to this issue as the origin point of that version of the character.

In "Reawakening," Captain America faces a new threat as he secures the mysterious Sleeper robot—unaware that Machinesmith is secretly riding along. Meanwhile, the military unveils the new identity of John Walker, setting the stage for a shifting landscape of duty and legacy. Written by Mark Gruenwald and illustrated by Kieron Dwyer, with inks by Al Milgrom and colors by Bob Sharen, the issue's cover by Dwyer and Milgrom captures the tension of a hero stepping into uncharted territory.

writer Mark Gruenwald · artist Kieron Dwyer · inker Al Milgrom · colorist Bob Sharen · letterer Jack Morelli · cover Kieron Dwyer, Al Milgrom

ComicBooks.com Value

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Raw (VF) $9
CGC 9.8 · 98 in census $136
CGC 9.6 · 229 in census $53
CGC 9.4 · 206 in census $39*
CGC 9.2 · 130 in census $35
CGC 9.0 · 101 in census $31*
CGC 8.5 · 81 in census $27
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CGC 8.0 · 49 in census $25
CGC 7.5 · 23 in census $23*
CGC 7.0 · 23 in census $22*
CGC 6.5 · 16 in census $20*
CGC 6.0 · 18 in census $20*
CGC 5.5 · 7 in census $20*
CGC 5.0 · 5 in census $20*
CGC 4.5 none in existence
CGC 4.0 · 1 in census $20*
CGC 3.5 · 1 in census $20*
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Our model’s value — refined as new sales data arrives · CGC census counts shown where available

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CGC 9.8 $190–$899 6 listings
CGC 9.6 $68–$153 5 listings
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CGC 9.2 $76–$97.99 3 listings
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Raw / ungraded $5.26–$60 37 listings
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History

Mark Gruenwald, who had written Captain America continuously since issue #307, constructed the Walker arc as a deliberate editorial experiment in legacy and identity — publicly acknowledging that replacing a title character was a proven sales strategy he had employed before on Iron Man and observed on Thor. Gruenwald conceived Walker from the outset as a patriotic villain who would expose the assumptions baked into Captain America's mythology, and by the time of issue #354 had spent roughly two years evolving Walker from antagonist to flawed replacement to something more nuanced. Penciller Kieron Dwyer and inker Al Milgrom produced the art, with Bob Sharen on colors and Jack Morelli on letters, under editor Ralph Macchio and editor-in-chief Tom DeFalco. A scheduling quirk meant that West Coast Avengers #44 — in which Walker appeared as U.S. Agent joining that team — shipped to stores approximately one month before Captain America #354 formally introduced the identity, making Walker's first chronological appearance in another title a de facto spoiler for his own debut issue.

Trivia · 8 facts

  • First full appearance of John Walker as U.S. Agent (introduction and full debut as the character), as confirmed by the Grand Comics Database, Marvel Database, and Key Collector Comics.
  • Written by Mark Gruenwald; penciled by Kieron Dwyer; inked by Al Milgrom; colored by Bob Sharen; lettered by Jack Morelli; edited by Ralph Macchio; editor-in-chief Tom DeFalco.
  • Walker's U.S. Agent costume is Steve Rogers's own abandoned black 'The Captain' outfit, with a modified star-and-stripes arrangement to distinguish it from the classic Captain America uniform.
  • The issue employs a split-screen page layout, running the Steve Rogers/Machinesmith plot on the top half of each page and the John Walker/Commission plot on the bottom half — with the two characters' poses and panel compositions mirroring each other on the opening pages.
  • Also features the first appearance of Iron Monger (Gregory Smoot), who is used by General Haywerth as a combat test for Walker's new U.S. Agent identity in front of the Commission on Superhuman Activities.
  • Due to publication scheduling, West Coast Avengers #44 (by John Byrne) shipped roughly one month earlier and depicted Walker already operating as U.S. Agent with the Avengers — meaning his 'debut' was technically preceded by an appearance in another title.
  • Story title: 'Reawakening.' The parallel Cap plot involves Steve Rogers recovering the Fourth Sleeper robot (last seen in Captain America #102), unaware that Machinesmith is using it as a vessel.
  • The issue has been reprinted three times: in Captain America Epic Collection #15 – The Bloodstone Hunt (2018), the Captain America #354 Facsimile Edition (March 2021), and the Captain America by Mark Gruenwald Omnibus Vol. 2 (2025).

Cast · 16 characters

Full credits

colorist Bob Sharen
letterer Jack Morelli
cover pencils Kieron Dwyer
cover inks Al Milgrom

Reprints

Reprinted in Captain America Epic Collection #15 (2018), Captain America No. 354 Facsimile Edition #[nn] (2021), Captain America by Mark Gruenwald Omnibus #2 (2025)

Key issues in Captain America

Variants (1)

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