Just a few days ago Marvel announced the New ongoing series Squadron Supreme from Fantastic Four creative team of James Robinson and Leonard Kirk. Having not been too familiar with this particular team, the speculator in me immediately wanted to know what 1st appearances I needed to race out and get. After five minutes, man, was I confused. Each character has three to four versions and since this team has never proven its financial viability on the secondary market, a mistake can be costly. So let's first look at what we know.
Squadron Supreme first appeared in Avengers #85. Many of the characters actually appeared as their sinister selves in issue #69.
Squadron Supreme got its first self-titled series in 1985. If this version of the team takes off (a big if) then all three of these books should see a bump. I would buy Avengers #85 if I saw it below market value and be looking for Squadron Supreme #1 in dollar boxes.
James Robinson said he was using Hyperion from Jonathan Hickman's avengers run, Blur from New Universe's DP7, Nighthawk from Squadron Supreme, and a new Doctor Spectrum from Hickman's Avengers run.
So now we know enough about each character to figure out which version is most likely used and which key issue Squadron Supreme readers will be searching for in back issue boxes.
Hickman's new version is a Superman type of character with a similar back story. He is actually the son of a race of Eternals. He first appears in Avengers vol. 5 #1. There are a ton of variants for this book (Deadpool Gangham Style anyone?) but the most limited would be the Steve McNiven 1:150 sketch variant. Another issue of note that can be had on the cheap is Avengers 34.1 from the same volume. This is essentially a one off solo story written by Al Ewing which serves as a origin story. Great dollar box pull. Also be on the look out for the Chris Bachalo 1:25 variant.
Since we know it is the DP7 Blur then it must be Jeff Walters. Jeff first appears in DP7 #1 from 1986. This is a $1-$3 book with potential. The character will look more like a later version of Blur but that first appearance will be covered next anyway.
The Squadron Supreme version of Nighthawk first appeared in Marvel Max's Supreme Power #1 from 2003 (Also the 1st app of the other Blur just in case). This book comes in two covers and cover 2 or B seems a bit more scarce. There is also a Marvel's Greatest Edition. Another book that's interesting is issue #4 of the same series which features Nighthawk on the cover.
This is a female version of the character which first appears in New Avengers #16 from the 3rd volume and features a Mike Deodato Jr. cover. The book to get would be the Rags Morales 1:50 variant which I can't see having too high a print run.
Now while we know nothing is guaranteed until we see issue #1, this should give whoever wants to get ahead of the market on Squadron Supreme a leg up.