Rare copy of 1938 comic book featuring Superman’s debut, found in Minn., sells for $175,000

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FILE - In this file image provided by Metropolis Collectibles/ComicConnect, Corp., shows the front and back cover of "Action Comics No. 1" from 1938, featuring the debut of Superman. The rare copy of the comic book featuring Superman’s first appearance that went undiscovered for over 70 years in the insulation of a Minnesota house has sold for 75,000. (AP Photo/Metropolis Collectibles, Inc./ComicConnect, Corp.)

MINNEAPOLIS – A rare copy of the comic book featuring Superman’s first appearance that went undiscovered for over 70 years in the insulation of a Minnesota house has been sold for $175,000.

Stephen Fishler, CEO of ComicConnect.com, says the winning bidder in the online auction was a “hard core, golden age comic book collector” who was looking for a lower-grade, unrestored copy of Action Comics No. 1. The buyer’s name was not released. Bidding closed Tuesday.

Fishler says a copy in better condition could have cost over $1 million.

He estimates there are only around 100 known copies of Action Comics No. 1, which was published in 1938.

David Gonzalez found the copy in the ceiling insulation of a house he was restoring in the small town of Hoffman.

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