May 24, 2013
By Michael Kramer
It’s 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 -and got into a discussion about how much it was worth.
In that heated discussion with a releative -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.