A Copy of Action Comics #1 Sells at Auction

By Reggie's Take on August 5, 2016

Its a bird, its a plane, its a rare copy of the first comic to feature Superman and it recently sold at auction for nearly a million dollars.

Action Comics #1 debuted in June of 1938 the first issue of the original run of the comic book series Action Comics. It features the first appearance of Jerry Siegel and Joe Shuster creation, Superman. It is widely considered the beginning of the superhero genre and the most valuable comic book of all time.

At the Dallas-based Heritage Auctions a copy of Action Comics No. 1 with a cover price of 10 cents sold Thursday for $956,000. Only about 100 copies of the edition are known to exist.

The Certified Guaranty Co. graded the copy at a 5.5 out of a possible 10. It was only expected to sell for about $750,000.

This particular copy of Action Comics #1 was put up for sale by a comic book fan that lives on the East Coast of the U.S. who wished to keep his identity unknown. The unknown seller originally purchased the issue in the 1990’s for $26,000. The winning bidder did not want to be identified.

On August 24, 2014, a copy of Action Comics #1 was graded at 9.0 by the Certified Guaranty Co. was sold for $3,207,852 and is the only comic book to have sold for more than $3 million for a single original copy.