Amazing Spider-Man #276 (1986)

"Unmasked!" Part 2. Script by Tom DeFalco, pencils by Ron Frenz, cover by Tom Morgan and Joe Rubinstein.

The wondrous wall-crawler roughs up the Hobgoblin, sending the crazy villain gliding away to lick his wounds! However, the goblin makes good use of his downtime and develops a new scheme...to win by losing! When Spider-Man and the Hobgoblin clash again, an explosion knocks the goblin unconscious!  When the wall-crawler unmasks the goblin...he gets the shock of his life! Is the Hobgoblin really one of his best friends?

Key book; death of the Human Fly, Flash Thompson revealed as the Hobgoblin. Near mint condition.