There are a number of strong similarities between the first TMNT comics, and the Graphic Fantasy fanzines:
Independent & Self Published
- TMNT #1 was self-published by TMNT creators Kevin Eastman and Peter Laird, under Mirage Studios
- The Graphic Fantasy fanzines were self-published by Savage Dragon creator Erik Larsen, under Ajax Comics
Low Print Run
- Just 3,000 copies of TMNT #1 were printed
- Just 300 copies of Graphic Fantasy #1 were printed
First Appearances
- The Teenage Mutant Ninja Turtles made their first appearance in TMNT #1
- The Dragon (original incarnation of Savage Dragon) made his first appearance in Graphic Fantasy #1
For readers of this TMNT-focused blog, the Graphic Fantasy fanzines may therefore be of great interest on account of these strong similarities. Below are front and back pictures of Graphic Fantasy #1 (first appearance of The Dragon, the one below is signed and numbered out of 200 although some sources indicate they ultimately decided to go up to 300), Graphic Fantasy #2 (second appearance of The Dragon, signed and numbered out of 450), Graphic Fantasy #3 (signed and numbered out of 500), and then Prism #1 (not signed / numbered, although the copy I found online was signed on an interior page by Erik Larsen, possibly at a later date).
Publication Information
Graphic Fantasy #1 was published in June of 1982. Graphic Fantasy #2 has a publication year of 1982 but no month specified, a phenomenon which may explain why many sources cite issue #2 as the first appearance of The Dragon instead of issue #1 — without a month, the database in some sites appears to default to January, which would appear to put issue #2 chronologically before issue #1 by publication date. But clearly, it is #2, and #1 would therefore have come before it. The publication date for Graphic Fantasy #3 is 5/1983. Although some sources imply there is a Graphic Fantasy #4, I could not verify its existence; it might be the case that Prism #1 is being grouped in as the 4th pre-pro-work comic book published by Erik Larsen under Ajax Comics. The publication date for Prism #1 is 9/1985.
Front and Back Covers

Graphic Fantasy #1, Ajax Comics, 6/82, front cover.

Graphic Fantasy #1, Ajax Comics, 6/82, back cover, signed and numbered out of 200.

Graphic Fantasy #2, Ajax Comics, 1982, front cover. POSSESSED!

Graphic Fantasy #2, Ajax Comics, 1982, back cover, signed and numbered out of 450 by Erik Larsen.

Graphic Fantasy #3, Ajax Comics, 5/83, front cover.

Graphic Fantasy #3, Ajax Comics, 5/83, back cover, signed and numbered out of 500 copies.

Prism #1, Ajax Comics, 9/85, front cover.

Prism #1, Ajax Comics, 9/85, back cover.
More Information
An introduction to Graphic Fantasy #1 and print run analysis to compare publication rarity to that of other modern superheroes. A more detailed piece about the first appearance of Savage Dragon compared to other first appearances, and an analysis of Graphic Fantasy #1’s value in different condition grades.
You May Also Enjoy…
A selection of some other rare comics to collect (across these blogs: rare TMNT comics, rare Spawn comics, rare Savage Dragon comics, and other Rare Comics), that I have profiled:
Teenage Mutant Ninja Turtles #3 (NYCC variant)
How To Draw Teenage Mutant Ninja Turtles #1 (Manufacturing Error)
Savage Dragon #10 Newsstand Variant
Savage Dragon #102 (Invincible First Appearance)
Spawn #1 Black & White Edition Variant
Spawn/The Savage Dragon #1 (1996)
Rust #1 Limited Edition (Pre-dates Spawn #1 and Malibu Sun #13)
Spawn #1 Newsstand Edition (Low Distribution)
Spawn #9 Newsstand Edition (1st Angela)
Spawn Batman Newsstand Edition
Marvel Graphic Novel #4 — $5.95 Cover Price Variant (1st New Mutants Appearance)
Amazing Spider-Man #252 — 75 Cent Cover Price Variant (Canadian Edition)
Darker Image #1 — Newsstand $1.95 Cover Price Variant (1st Maxx Appearance)
New Mutants #98 — $1.50 Cover Price Variant (1st Deadpool Appearance)
7 Variants Destined For Future Classic Cover Status
X-Men Annual #14 (1st Gambit Debate)
Daredevil #21, $3.99 Newsstand Edition (Superior Spider-Man Cameo)
Hungry for even more? Check out more Rare Comics to Look For, like Type 1A Price Variants, and see Lists of Key Comic Books by Year (including important comics of the 1970’s, the 1980’s, the 1990’s, and the 2000’s). And also, you don’t want to miss: Newsstand Variants, $3.99 Newsstand Editions, and The Doc Collection
Also see: the hobby’s very first online comic book price guide for Type 1A 1980’s newsstand cover price variants from Marvel & DC:
• The 2018 Price Guide for 1980’s Marvel & DC Newsstand Canadian Cover Price Variants (Type 1A) [Update: The 2019 Edition Has Been Released]
• Amazing Spider-Man #238: The Tattooz Situation
• “Canadian Edition” vs. “Canadian Cover Price Variant”
• CGC 9.8 Census Comparison: 1970’s Keys vs. 1980’s Keys
• Investing in Canadian Price Variants: 11 Tips
• Three Variants That Surprised Me
• Savage Dragon #156 Herb Trimpe Variant
• Voltron #1-3, Type 1A $1.00 Cover Price Variants
• Incremental Improvement to CGC’s “Canadian Edition” Labeling
• The “Cover Swipe Test”: 2 More Price Variant Keys Passing It
• How Many Amazing Spider-Man Stan Lee CGC SS Books Exist?
• My Primary Comic Book Hobby Focus These Past Two Years
• Applause To CBCS’s New “75¢ Canadian Price Variant” Labeling
• Canadian Price Variants: Noteworthy Sales
• Pence Price Variant Issue Guide (Marvel & DC) [Marvel list & slideshow; DC list & slideshow]
• Australian Price Variants (“APVs”)
• Check out the latest price guide edition (2020) to Canadian Price Variant Comics