Action1SavesHome.jpg

1938 Superman comic saves family's home from foreclosure

Contributed by
Dec 14, 2012, 4:31 PM EST

They were about to lose the home that had been in their family since the 1950s. They were doing one of the most difficult things a person can do—packing up their possessions before seeing their house lost to foreclosure. They needed a hero. They found one—hiding in the basement.

The struggling family, who've chosen to remain anonymous, had taken out a second mortgage to start a business (which failed), and then missed mortgage payments, resulting in their bank starting foreclosure proceedings. In tears, they were going through boxes in the basement when they found a handful of comics, most of which were worth between $10 and $30.

But one of them was the Holy Grail—Action No. 1, the 1938 comic book that was the first to feature Superman.

"There are about 100 copies of Action Comics No. 1 believed to be in existence, with only a handful in good condition," said Vincent Zurzolo, co-owner of ComicConnect.com and Metropolis Comics and Collectibles in New York. This particular copy was graded a 5.0 Very Good/Fine rating on a scale of 1 to 10.

If you want it when it goes to auction? It'll probably cost you $250,000.

Remember to check your basements, folks!

(via abcnews)