Rare Superman comic found in house insulation - FOX 10 News | fox10phoenix.com

Rare Superman comic found in house insulation

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NEW YORK (MYFOXNY) -

It's considered the Holy Grail of comic books: Action Comics No. 1 from 1938, featuring the debut of Superman.

Contractor David Gonzales found one mixed in with old newspapers insulating a wall in a house he was renovating in a small town in Minnesota.  The home was built the year the comic was published.

Gonzalez said the comic stood out to him so he did some research that confirmed the comic was valuable.

Turns out the comic could have been worth more. He got into a heated discussion with a relative about its value, and the back cover got ripped.

Because of the damage, New York-based online auctioneer ComicConnect.com graded the book a 1.5 on a 10-point scale. By comparison, an Action Comics No. 1 that was graded a 9 recently fetched $2.16 million.

According to the auction site, in the past, Gonzalez has made it a habit of leaving a quarter or dollar bill behind walls he's renovated, thinking that sometime in the future, someone will find his "treasure" and wonder who put it there.

But the Superman comic was the "hidden treasure" in the walls of the first home he'd ever purchased and renovated on his own.

Bidding on Gonzales' find was up to $127,000 as of Friday. Bidding will close June 11.

Copyright 2013 The Associated Press/MyFoxNY.com.

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