Another very valuable comic book has been found. It’s a copy of Action Comics No. 1, the 1938 issue that introduced Superman. That comic book has been attracting super prices since 2009, when a record $317,200 was paid for a copy at a ComicConnect auction. In February 2010, another copy sold for $1 million; then a month later, still another brought $1.5 million. Seven copies have surfaced in the last 18 months, probably because of the publicized high prices. A couple from somewhere in the South (they want to remain anonymous) were packing to move out of their foreclosed house when they found a box of comic books in the basement. They went online, read about the record-breaking sales, and sent a cell-phone photo to ComicConnect. The comic book was graded 5.0 (very good/fine) and its value estimated at $250,000. The other comics in the box were worth less than $30 each. Vincent Zurzolo of ComicConnect explained to the family’s bank that the couple would soon have the money to pay for the house. The foreclosure is off until the results of the August 27-September 17 sale are final. The family is nervously waiting for Superman to save the day and their house.
Photo source: ComicConnect
Pricing is based on the condition of the comic.Action #1 selling for a million was graded in the 8.0 to 8.5 and probably the highest graded copy known to exist.This copy they sold was in the 5.0 range and hence the price spread.Still,a wonderful find and good for them.
We have all wanted to find something of great value in our basements or little corner somewhere that we have long forgotten about. Horrah for them,
I must ask a question since I am new at this. Why would the first comic books mentioned sell for 1 mill. or more and the one found in the basement only bevalued at $250,000? Can someone explan this to me. Thank you
I am very happy for the finders and they surely deserve their reward for saving this piece of history. However, I believe in the case of something this valuable, they should do everything they can to find the original owner of this comic and share some of the proceeds with them. More than likely the money would also be of great benefit to them. This could have been a box accidently left behind for various reasons and I’m sure they would be thrilled to be a part of this discovery.
What a heartwarming tale. I hope they get enough to pay off the bank, so they never have to worry again. Isn’t this every collector’s dream, to score “the big find” in a box somewhere? Good for them!