Rare Superman comic found in house insulation

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by Associated Press

Associated Press

Posted on May 24, 2013 at 5:06 PM

Updated Saturday, May 25 at 1:05 AM

MINNEAPOLIS (AP) — It's considered the Holy Grail of comic books: Action Comics No. 1 from 1938, featuring the debut of Superman. David Gonzales found one mixed in with old newspapers insulating the ceiling of a house he was renovating in a small town in Minnesota.

Gonzales did some research that confirmed the comic was valuable, though not as much as it could have been. He got into a heated discussion with a relative about its value, and the back cover got ripped.

Because of the damage, New York-based online auctioneer ComicConnect.com graded the book a 1.5 on a 10-point scale. By comparison, an Action Comics No. 1 that was graded a 9 recently fetched $2.16 million.

Bidding on Gonzales' find was up to $137,000 as of Friday afternoon. Bidding closes June 11.

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