The rarest comic books in existence include copies of the unreleased Motion Picture Funnies Weekly #1 from 1939. Eight copies, plus one without a cover, were discovered in the estate of the deceased publisher in 1974.
Before Fawcett Comics introduced Captain Marvel in Whiz Comics #2, there was an earlier ashcan edition featuring virtually the same story, with the notable exception that "Captain Marvel" was named "Captain Thunder". This issue was never distributed.
In June 1978, DC Comics cancelled several of its titles. For copyright purposes, the unpublished original art for these titles was photocopied, bound and published as Cancelled Comics Cavalcade #1-2. Only 35 copies were made.
Misprints, promotional comic-dealer incentive printings and similar issues with extremely low distribution are usually the most scarce.
The rarest modern comic books include the original press run of The League of Extraordinary Gentlemen #5, ordered by DC executive Paul Levitz to be recalled and pulped over the appearance of a vintage Victorian era advertisement for "Marvel Douche", which the publisher considered offensive.
(Note: I can not remember where I grabbed this bit of info, so if this is your write up-please let me know and I'll credit you, thanks)
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