A family were recently able to avoid foreclosure on their home after discovering a copy of Action Comics #1 that had been boxed away with other comic books since the 1950s in their basement.

The discovery was made when the anonymous family began packing up their belongings due to the foreclosure proceedings. Realizing what they had found, the family contacted Stephen Fishler who is co-owner of New York's ComicConnect and Metropolis Collectibles.

"They said they came across a box that had magazines in it and some old comic books," Fishler told Asylum.com. "And that they came across what appears to be an Action #1." Fishler points out that "99.9 percent" of similar calls he receives turn out to be about reprints, so at first he was dubious. "They took a cell phone picture of the book and texted it to me, and I realized it was an Action #1," he says.

Fishler is no stranger to this title, having brokered the record-breaking sale of an Action #1 in February (for $1 million), only to break that record a month later by selling another copy for $1.5 million. This copy will go on display at this weekend's Comic-Con in San Diego, where it will also be officially graded. Fishler figures it will garner a VG+ (Very Good) rating and should fetch upwards of $250,000 when it goes up for auction on ComicConnect.

Asylum.com spoke with the comic's owner, who said through Fishler that the family was "still a little shell-shocked about finding this book. I was so nervous when I realized what it was worth. I know I am very fortunate but I will be greatly relieved when this book finds a new home."