"Action Comics #1" Original Copy Sells for $2-Million

by Neil Cole

An original copy of "Action Comics #1" (CGC 8.5) featuring the first appearance of Superman has sold at Comic Connect auction for $2,052,000 making it the third-highest price ever paid for a comic book.

The vintage copy previously sold at auction in 2010 for $1.5-Million and was originally discovered in 1986 by a lucky individual who found the comic sandwiched between the pages of a collection of old hardcover books he had purchased at auction in Pittsburg, PA.

200,000 copies of "Action Comics #1" were originally printed at the time of its release in 1938 with a cover price of 10 cents. Of those, reportedly 130,000 were sold (in a nation of 130 million at the time) and 70,000 were returned and destroyed (that is a strong sell-through for a newsstand comic book). Normal wear and tear of time, the ever-present moms of America, and wartime paper drives took care of most of them. At the time, comics were never considered as anything but disposable entertainment.

Only about 100 copies Action Comics #1 still remain in existence and, according to the Overstreet Price Guide to Comic Books, the issue is indisputably the highest-valued comic book of all time with a near-mint copy (graded a 9.0) making headlines in August, 2014 when it sold for a Guinness World Record price of $3.2 million.




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