Gonzalez did some research that confirmed the comic was valuable, though not as much as it could have been. 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.
Bidding on Gonzales' find was up to $127,000 as of Friday. Bidding will close June 11.