From Better Homes and Gardens Christmas Ideas for 1960

Sears catalog, 1960 

Hugh Hefner published the first "Playboy" magazine with an investment
of $7,600. Marilyn Monroe was the cover girl. The first issue (above) 
was undated, as Hefner was unsure there would be a second. The
initial magazine was produced in his Hyde park kitchen.

                          
                         Hugh Hefner

From Life magazine