action comic #1

Here is the best news ever for all Graphics novel or comic book collectors like me, the Holy Grail of Comic book Collector was now up for grab. Well, if you can afford at least $400,000 for this rare “un-restored” copy of the Action comics #1 book that launched Superman (1938) as the first superhero and considered by most collectibles experts to be the most valuable comic book and is valued at about $126,000 US. And bids could soar as high as the “man of steel” for $400,000, expert says.
Comic book expert Stephen Fishler says bidding for the comic book begins at $1 and is sure to go up, up and away. It originally cost 10 cents in 1938.
He says copies of Action Comics No. 1 in “fine” condition are worth about $126,000, but this one could sell for several times that. About 100 copies of the No. 1 edition are known to exist.
The owner, who was not identified, bought the sale magazine for 35 cents in 1950 and held onto it for 58 years. It will be on auction for two weeks beginning Friday.

Fishler and Vincent Zurzolo, co-owners of Metropolis Collectibles, will offer it on their Web site, comicconnect.

CNN reports on why this comic book is so unique:

“Of the 100 existing copies, 80 percent have been restored, but people want an untouched copy,” Fishler said. The book is listed in “fine” condition, a six on the 10-point rating scale.

“It’s the Holy Grail of comic books,” Fishler said.

Co-created by Jerry Siegel and Joe Shuster, the comic book first appeared on newsstands for 10 cents a copy in June 1938.

Nearly 12 years later, a young boy on the West Coast found himself in a secondhand book store, where he persuaded his dad to loan him 35 cents to buy the comic book.

Until 1966, the owner forgot about the book, which was hidden in his mother’s basement. Since then, he’s been holding onto it, hoping to see it increase in value, Fishler said. He has not been disappointed.

“There has been a lot of interest shown on the book in the collectibles market,” said Fishler, who predicted the comic book will sell for about $400,000. But, he added, no minimum price has been set for the auction, so “whatever it sells for, it sells for.