rare sports memorabilia – Comic marking Batman’s first appearance sells for record-shattering more than $1M in Dallas – Yahoo! Canada News

Thursday, March 18th, 2010 at 1:32 pm

Comic marking Batman's first appearance sells for record-shattering more than $1M in Dallas - Yahoo! Canada News

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Thu Feb 25, 8:32 PM

By Jamie Stengle, The Associated Press

DALLAS - A 1939 comic book in which Batman makes his debut sold at auction Thursday for more than $1 million, breaking a record set just three days earlier by a Superman comic, Heritage Auction Galleries said.

The Dallas-based auction house said the rare copy of Detective Comics No. 27 sold for a total of $1,075,500, which includes the buyer's premium, to a buyer who wished to remain anonymous. The consigner wanted to remain anonymous as well.

"It pretty much blew away all of our expectations and now it's the highest price ever raised for a comic book," said Barry Sandoval, director of operations of Heritage's comics division.

A copy of the first comic book featuring Superman, a 1938 edition of Action Comics No. 1, sold Monday for $1 million in a sale between a private seller and a private buyer, with the transaction conducted by the New York City auction site ComicConnect.com.

"We can really say that Batman has nosed out Superman, at least for now," Sandoval said.

He said the consigner had bought the Batman comic in the late 1960s for $100. With a bright yellow background, the comic features Batman swinging on a rope above city rooftops.

"That cover is just one of the most famous of all comic book covers," Sandoval said.

J.C. Vaughn, associate publisher of The Overstreet Comic Book Price Guide, said most people had predicted it would be the comics with the first appearance of Superman and Batman that broke the $1 million barrier. Both comics that sold this week were in great condition - scoring an 8.0 on a scale that goes up to 10, he said.

"I think that you can greenly ascribe this to a real comfort with the liquidity of rare, high grade vintage collectibles," Vaughn said.

George Pantela, owner of Melbourne, Australia-based GP Analysis, which tracks sales of certified comics from more than 20 auction houses and dealers, said the previous record was about $317,000 paid a year ago for a lesser grade Action Comics No. 1 than the one sold this week.

Vincent Zurzolo, chief operating officer of Comicconnect.com, took the breaking of their record in stride.

"It's an exciting week in comic books when you have two comics selling for $1 million," he said.

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Heritage Auction Galleries: http://www.ha.com

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One of the most common hobbies is collecting money. Many people have enjoyed this activity for decades and money collecting is thriving even today. As a hobby, collecting money means collecting old money. Otherwise, we are all trying to collect money before the bills come. However, do you know how many people collect old money, antique notes and coins from previous decades and even centuries?

Coin collectors are much more common than old money collectors of the paper variety, though the latter are still quite active and manage to find some rare items occasionally. That paper variety may include pre US colonial currency, money from the beginning of the 19th century, currency from the Confederate States of America and also some souvenir cards of old money as the money itself are almost impossible to find and twice as hard to purchase.

If you are keen on collecting old money you will probably know that a collector's item of old money is called fractional currency. I was really intrigued when I learnt that during the Civil War the United States began printing 50 cents, 25 cents, 15 cents, 10 cents and 5 cents paper money as they run short on change. Now such weird banknotes are highly desired by any true collector.

There is also other interesting fractional currency which is much sought after. These are private banknotes from the 1800s. Before the US government created a national banknote there were some banks issuing their own money without government backing. However, it was not long before these banks were closed down and the banknotes were counterfeited and altered.

Once the national bank system was established, privately issued bank money was declared to be illegal. Ever since US government money was issued it has retained monetary value. However, it is not the same case with the obsolete old bills from closed banks and this is the prime reason why these banknotes are worth finding. Actually private banknotes from the 1800s have remained an interesting item for collectors throughout the centuries.

It is pretty evident that a lot of old money has significant value nowadays. It is true that casual collectors cannot afford to have any authentic old money and notes from the 1800s and early 1900s as their value and consequently price are too high. That's how collecting souvenir cards are becoming more and more popular. Having them you can collect a piece of history without actually paying a high price for it.

If you are wondering where you can find old money, you probably won't like my answer. It is really difficult to find old money. Of course, you might still be able to collect a Thomas Jefferson two dollar bill, but those antique coins and notes you are seeking won't be easily found, nor purchased. The easiest way to satisfy your desire to collect old money is through dealers, collectors, auctions and old money paper shows.

You might also find the International Bank Note Society's Journal and webpage not only very interesting but useful, as well. They offer contact information for trades and auctions and what is the best, they provide you with images of old currency on their website. In conclusion, old money collecting is a unique and fun hobby. It has its challenges but it there is no doubt it is worth taking.

2099

Morgan Hamilton offers expert advice and great tips regarding all aspects concerning credit. Learn more at Collecting Old Money

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