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posted: 5/25/2013 5:56 AM

Rare Superman comic found in house insulation

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  • The front and back cover of "Action Comics No. 1" from 1938, featuring the debut of Superman.

      The front and back cover of "Action Comics No. 1" from 1938, featuring the debut of Superman.
    Associated Press/ Metropolis Collectibles/ComicCon

 
Associated Press

MINNEAPOLIS -- 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.

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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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