I found this answer from ebay's Reviews and Guides section by the username of rlmsport: THE FIRST ISSUE The most famous issue of SI is the August 16, 1954 edition featuring popular Milwaukee Braves' slugger Eddie Mathews on the front. It's the first regular edition and carries a value today of approximately $150-200 in excellent condition. To entice fans, SI's editors included a three-page center foldout of 1954 Topps Baseball cards. The 'cards' were actually printed on the same paper stock as the magazine, and included Jackie Robinson, Willie Mays, Ted Williams and other superstars. Collectors purchasing issue #1 should be certain this foldout section is intact. The inaugural issue was preserved by many who even then saw it as a collectible item. The folks in charge also had the foresight to save dozens of boxes of the magazine in storage, untouched since the day they were printed. SI delved into that archive in later years, releasing some of those pristine issues. Were it not for it's fairly widespread availability, the issue would likely carry a higher price tag. Still, it holds an important place in the minds of collectors, historians and sports fans in general. The second issue, dated August 23, also included a card foldout of New York Yankees and is actually more difficult to find and more expensive today. In '55, SI also offered the card insert issues that carry a similar premium.
JRR Tolkien himself illustrated the first editions of The Hobbit. Other editions have been edited by various people.
The first African-American on the cover of Sports Illustrated was Calvin Jones - September 27, 1954.
eddie matthews
Baseball
The first issue of the Sports Illustrated magazine, as it is known today, was published circa August 16, 1954. Previous incarnations of Sports Illustrated were originally published in 1936 and 1949, but they did not attract an audience.
2003
Tyra Banks was the first black woman to appear on the cover of Sports Illustrated Swimsuit Issue in 1997.
Less than 20 dollars.
Billie Jean King
The first issue of Sports Illustrated was published in 1954 and featured a baseball player on the cover. As a highly sought-after collector's item, the value of the first issue can vary widely depending on its condition, but it can be worth hundreds or thousands of dollars.
Obama
Olympic figure skater Carol Heiss Jenkins was the first woman athlete to grace the cover of Sports Illustrated in 1956.