How much is a first edition LIFE magazine worth in excellent condition?

The first issue of LIFE Magazine was published on November 23, 1936, the price of the first issue was 5 cents. First editions of LIFE magazine in good condition can sell for anywhere from $50 to several hundred dollars, depending on the condition and contents. First issues in mint condition can sell for many thousands of dollars, especially those with notable covers, such as the famous LIFE magazine covers which featured Albert Einstein and Marylin Monroe.