FLOAT 100 · Comics · No. 40
Detective Comics #38
In the same magazine where Batman was born, a 17-year-old art assistant named a circus orphan after Robin Hood, and the first kid sidekick in superhero comics helped double the sales of the Batman titles.
- Year
- 1940
- Maker
- DC Comics
- By price in comics
- 32 of 100
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Create a free account- Cover date
- April 1940; on sale March 6, 1940, per its copyright filing
- Publisher
- Detective Comics Inc. (DC); editor Whitney Ellsworth, uncredited
- Key story
- Batman and Robin, 12 pages: script by Bill Finger, pencils by Bob Kane, inks and letters by Jerry Robinson
- Cover
- Bob Kane pencils, Jerry Robinson inks, billing Robin as "the sensational character-find of 1940"
- Cover price
- 10 cents, 68 pages
- Key
- Origin and first appearance of Robin, Dick Grayson
- This grade
- CGC 8.0; two Universal copies grade higher (one 9.4, one 9.0)
- Census
- 96 Universal-label copies, 6 at 8.0 (CGC report viewed October 1, 2026)
- This grade's price
- $132,000 for a CGC 8.0 at auction, January 2025
A Watson for the Batman
Batman had debuted in Detective Comics #27. By early 1940 artist Bob Kane and writer Bill Finger were discussing a sidekick. "Robin was an outgrowth of a conversation I had with Bob," Finger said. "Batman needed a Watson to talk to." The new character was also meant to draw younger readers to the strip.
The name came from Jerry Robinson, the teenage assistant who inked and lettered the feature. "I came up with Robin because the adventures of Robin Hood were boyhood favorites of mine," he recalled. The original costume's medieval look drew on N.C. Wyeth's Robin Hood illustrations, which Robinson used as reference.
Robin was a hit. His arrival is credited with doubling the sales of the Batman titles.
The Flying Graysons
The 12-page lead opens: "The Batman. That amazing, weird figure of night, at last takes under his protecting mantle an ally in his relentless fight against crime..." Its splash page repeats the cover.
Dick Grayson, a young circus acrobat, watches his parents, the Flying Graysons of the Haly Circus, die in a fall arranged by gangsters working for Boss Zucco, and he overhears the killers. Batman steps in to save the boy, trains him and makes him his partner, and the two gather the evidence to put the criminals away.
The rest of the 68-page issue is a typical anthology of the time: a Spy story written by Superman co-creator Jerry Siegel and drawn by Maurice Kashuba, Red Logan, the Crimson Avenger by Jack Lehti, a stamp-collecting page, a Johnson Smith & Co. mail-order ad, and a short book review of Robert Louis Stevenson's Kidnapped.
The kid from Columbia
Jerry Robinson was born January 1, 1922. In 1939 he was a 17-year-old journalism student at Columbia University when Bob Kane hired him as an inker and letterer. He rented a room in the Bronx near the Kane family's apartment, where Kane used his bedroom as a studio.
That spring the Joker appeared in Batman #1 (Spring 1940). The credit is disputed: Kane said he and Finger created him, while Robinson said he created the character, inspired by Conrad Veidt in The Man Who Laughs.
Robinson later became a newspaper cartoonist and served as president of the National Cartoonists Society from 1967 to 1969. In 1975 he backed Jerry Siegel and Joe Shuster in their fight with DC, helping them win lifetime stipends and creator credit. He died December 7, 2011.
Spring 1940
The issue reached newsstands March 6, 1940. Pinocchio had opened February 7, Tom and Jerry debuted February 10, and Gone with the Wind won eight Academy Awards on February 29.
April 1 was the date of the 16th U.S. census. On May 15 the first McDonald's opened in San Bernardino, California, and nylon stockings went on sale, with nearly 5 million pairs sold that day. On September 16 the act creating the first peacetime draft was signed, and in November Franklin Roosevelt won a third term.
The first sidekick, and the ones after
Robin is described as the first superhero sidekick, and his success started a craze that spread through nearly every publisher. Dick Grayson himself grew up on the page: he was a founding member of the Teen Titans in The Brave and the Bold #54 in 1964, and became Nightwing in Tales of the Teen Titans #44 (July 1984).
The Robin name passed to others. Jason Todd debuted in Batman #357 in 1983 and was killed in 1988's "A Death in the Family" after a reader poll.
Census and sales
No print run for this issue was found. CGC's population report, viewed October 1, 2026, lists 96 Universal-label copies: one at 9.4, one at 9.0, six at 8.0 and one at 7.5. Restored copies outnumber most grades, with 70 on the census, and the total across all labels is 171.
The two best copies have sold before. A CGC 9.4 from the Allentown pedigree sold at auction for $120,750 in October 2002 and for $107,550 in May 2009; a CGC 9.0 sold for $46,000 in March 2003.
The CGC 8.0 that sets this entry's price came from the Lester Schilke collection. Its auction listing called it the best copy the auctioneer had seen in more than 15 years, only the second unrestored copy it had handled with white pages, and noted that the cover's solid green and orange areas expose any flaw. It sold for $132,000 in January 2025, when the census showed six copies at 8.0 and two higher.
The numbers
- Cover price
- 10 cents
- Pages
- 68; the Robin story runs 12
- Print run
- No verified figure found
- Census, January 2025
- 6 at CGC 8.0, 2 higher
- Census, October 1, 2026
- 96 Universal: 1 at 9.4, 1 at 9.0, 6 at 8.0, 1 at 7.5; 70 restored; 171 across all labels
Timeline
Jerry Robinson is born.
Bob Kane hires Robinson, a 17-year-old Columbia journalism student, as inker and letterer.
Detective Comics #38 goes on sale, per its copyright filing.
Cover date of #38: origin and first appearance of Robin.
Batman #1 (Spring 1940) introduces the Joker.
Dick Grayson is a founding member of the Teen Titans in The Brave and the Bold #54.
Jason Todd, the second Robin, debuts in Batman #357.
Dick Grayson becomes Nightwing in Tales of the Teen Titans #44.
Jason Todd is killed in "A Death in the Family" after a reader poll.
The Allentown pedigree CGC 9.4 sells for $120,750 at auction.
A CGC 9.0 sells for $46,000 at auction.
The Allentown CGC 9.4 sells again, for $107,550.
Jerry Robinson dies.
A CGC 7.5 sells for $90,000 at auction.
The Lester Schilke CGC 8.0 sells for $132,000 at auction; the census then shows six copies at 8.0, two higher.
CGC report lists 96 Universal copies, six at 8.0, one at 9.0, one at 9.4.
The world in 1940
Walt Disney's Pinocchio is released.
Tom and Jerry debut in "Puss Gets the Boot."
Gone with the Wind wins eight Academy Awards.
Census day for the 16th U.S. census.
The first McDonald's opens in San Bernardino; nylon stockings go on sale.
Bugs Bunny makes his debut.
The Selective Training and Service Act creates the first peacetime draft.
Franklin D. Roosevelt wins a third term.
Price record
| Date | Price | Kind |
|---|---|---|
| Oct 10, 2002 | $120,750 | Sold at auctionCGC 9.4, Allentown pedigree, off-white pages. |
| Mar 8, 2003 | $46,000 | Sold at auctionCGC 9.0, white pages. |
| May 21, 2009 | $107,550 | Sold at auctionCGC 9.4, Allentown pedigree, off-white pages. |
| Feb 24, 2011 | $17,925 | Sold at auctionCGC 6.0, off-white to white pages. |
| Sep 10, 2020 | $86,400 | Sold at auctionCGC 5.5, Larson pedigree. |
| Jun 17, 2021 | $78,000 | Sold at auctionCGC 5.0, off-white to white pages. |
| Jul 1, 2024 | $90,000 | Sold at auctionCGC 7.5, off-white pages. |
| Dec 13, 2024 | $50,400 | Sold at auctionCGC 5.0, Twilight pedigree. |
| Jan 2025 | $132,000 | Sold at auctionCGC 8.0, white pages, Lester Schilke collection. |
| Apr 30, 2025 | $45,600 | Sold at auctionCGC 6.0, cream to off-white pages. |
| May 14, 2026 | $40,261 | Sold at auctionCGC 3.5, cream to off-white pages. |
A realized auction price is what a buyer actually paid on the date shown, including the buyer's premium where the sale reported it. It is the strongest kind of reference price, and it is a record of one sale of one object on one day, not a promise of what the next example will bring.
By reference price, Detective Comics #38 is number 32 of 100 in the comics entries of the FLOAT 100. 92 of those 100 rest on a realized sale; the rest carry an asking price or a guide value, and each page says which. Rank within the FLOAT 100 itself (40 here) is editorial: how much an object defines its field, not price alone.
Did you know
- Robin's name came from Jerry Robinson's boyhood love of Robin Hood, and his first costume drew on N.C. Wyeth's illustrations.
- Bill Finger said Batman "needed a Watson to talk to."
- The cover billed Robin as "the sensational character-find of 1940."
- Superman co-creator Jerry Siegel wrote the Spy story in the same issue.
- Restored copies make up 70 of the 171 copies on CGC's census.
- Robinson was 17 and a Columbia journalism student when Bob Kane hired him.
How this page is made
- The figure
- One reference price, shown with its own kind. FLOAT does not average it with anything or adjust it for time.
- Realized or not
- A realized price is a completed sale. An asking price, an estimate and a price-guide value are not sales, and are labeled as such wherever they appear.
- The story
- Researched from published records and checked fact by fact. Updated Oct 1, 2026.
- Archive
- Oct 5, 2026