FLOAT 100 · Comics · No. 42
Superman #14
Five weeks before Pearl Harbor, a 21-year-old artist put Superman in front of a striped shield with an eagle on his arm, and a ten-cent comic about mermaids and a lightning-wielding villain became one of the defining American images of the war years.
- Year
- 1942
- Maker
- DC Comics
- By price in comics
- 34 of 100
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Create a free account- On sale
- November 1, 1941, per the copyright registration (cover date January-February 1942)
- Publisher
- Superman Inc., the National (later DC) imprint named in the indicia; bimonthly
- Cover
- Pencils and inks by Fred Ray: Superman before an American shield, with a bald eagle
- Inside
- Four Superman stories written by Jerry Siegel and drawn by Leo Nowak, signed as Joe Shuster
- Format
- 68 pages, 10 cents
- Firsts
- The Lightning Master and the undersea Princess Kuella, the first mermaid story in the Superman feature
- This grade
- CGC 9.4, the highest grade reported in the sources; a July 2013 census showed nothing above 9.2
- This grade's price
- $112,000 at auction, December 2018, as reported by collectors at the close
- Why so hard in high grade
- The solid black background shows the slightest wear
A Superman book that went on sale before the war
Superman #14 carries a cover date of January-February 1942, but according to its copyright registration it went on sale on November 1, 1941. That timing matters. When the issue reached newsstands, the United States was still officially at peace. Five weeks later, on December 7, Japan attacked Pearl Harbor, and the next day Congress declared war. The cover readers remember as a wartime rallying image was drawn and printed before America was in the war.
The book was a 68-page, ten-cent bimonthly published under the Superman Inc. name, edited without credit by Whitney Ellsworth with Murray Boltinoff and Mort Weisinger as assistant editors. Superman had been the first hero to carry a second comic of his own, after Action Comics, and in the early 1940s the title was selling more than a million copies a month, according to a DC history cited by Wikipedia. The same source says overall comics circulation tripled during the war as servicemen added comics to their reading.
No figure for the print run of this particular issue appears in any source fetched for this page.
Fred Ray and the shield
The cover was penciled and inked by Fred Ray, and the issue's index notes that Ray himself verified the credit. It shows Superman standing before a red, white and blue American shield with a bald eagle perched on his arm, set against a solid black background. The image has nothing to do with the four stories inside, which involve a hypnotist, a stolen invention, an undersea kingdom and a villain who commands lightning.
Frederic E. Ray Jr. was born on February 4, 1920, in Harrisburg, Pennsylvania, and studied at the Pennsylvania Academy of the Fine Arts. He broke into National Comics, the future DC, at 20, with illustrations for text features in late 1940. His first Superman cover was the 1940 giveaway Superman's Christmas Adventure, and in early 1941 he took over cover duties for both Superman titles, starting with Superman #9 and Action Comics #34. His redesign of the S symbol on Superman's chest became one of the defining features of the character's 1940s look.
Wikipedia calls the Superman #14 cover 'one of comics' most famous.' A poll run by an auction house with a grading service placed it among the ten best covers of the entire Golden Age. Ray went on to draw the Revolutionary War feature Tomahawk for more than two decades, became an authority on Revolutionary War uniforms who consulted for the Smithsonian Institution, and wrote and illustrated books and booklets on American history. He died on January 23, 2001.
What the dime bought
Every Superman story in the issue is credited to Jerry Siegel as writer and signed Joe Shuster, but the art is by Leo Nowak, one of the studio artists who drew under Shuster's name, with John Sikela inking one story. In the first, concertgoers are robbed without noticing, and Clark and Lois discover mass hypnosis at work. In the second, a young inventor signs away the rights to a fire-extinguishing powder to a crook.
'The Undersea City' sends Lois and Clark to interview a fisherman who swears he saw a mermaid. Clark finds Princess Kuella and an underwater kingdom whose scheming adviser plans to invade the land. The issue's index calls it the first mermaid story in the Superman feature. The closing story, 'The Lightning Master,' introduces a villain who rains lightning on Metropolis; his next appearance came in All-Star Squadron Annual #2.
Filler pages included a two-page Rollin Stone gag strip, text stories, and a Clancy the Cop page. The ads place the book precisely in the fall of 1941: a Schwinn bicycle Christmas page, a Krypto-Raygun, Lionel trains, and a house promotion announcing that the 'Big Seven' was becoming the 'Big Eight' with Wonder Woman, along with an ad for Sensation Comics #1. The back cover sold Daisy's Red Ryder air rifle, the same gun later made famous by the film A Christmas Story.
From 9.2 to 9.4
The black background is what makes this cover so hard to find in high grade: every tick and crease shows. A July 2013 auction listing reported the CGC census at the time as six copies at VF 8.0, eight higher, and none above 9.2. By March 2022 a listing counted nine at 8.0 and 14 higher, and a March 2023 listing said 20 copies were graded above 8.0.
For years the top was 9.2. A CGC 9.2 with off-white to white pages sold at auction on May 30, 2015, for $35,850. In September 2018 a CGC 9.4 was announced for auction, and by November 30 the bidding stood at $55,555 with two weeks to go. When it closed in mid-December, collectors following the sale reported the final price as $112,000. One forum poster wrote during the sale that the 9.4 copy had previously been graded 9.2; that claim comes from a single post and was not otherwise confirmed.
Lower grades trade far more often. A CGC 8.0 sold online for $16,300 in September 2024, according to a sales tracker, and raw copies in poor to good condition have changed hands for hundreds to a few thousand dollars.
The cover that outlived its stories
The stories inside were reprinted in later collections, including the eighth volume of The Superman Chronicles in April 2010, but the issue's fame rests almost entirely on Ray's image. A 2025 review of the issue put it bluntly: the cover is one of the most famous Superman covers ever, and it has nothing to do with the contents.
Leo Nowak, who drew all four stories, was drafted in 1943 and left comics after the war. Ray kept drawing for DC until 1972, but the shield cover remained the work he is best known for.
The numbers
- Cover price
- 10 cents
- Pages
- 68
- Print run of #14
- No verified figure found; the title sold more than a million copies a month in the early 1940s, per a DC history
- Census, July 2013
- 6 at CGC 8.0, 8 higher, none above 9.2
- Census, March 2022
- 9 at CGC 8.0, 14 higher
- Census, March 2023
- 20 graded above CGC 8.0 (per a sale listing)
- Highest grade reported
- CGC 9.4 (2018)
Timeline
Fred Ray is born in Harrisburg, Pennsylvania.
Ray draws his first Superman cover, for the giveaway Superman's Christmas Adventure.
Ray's run on Superman covers begins with Action Comics #34, followed by Superman #9 (April 1941).
Mort Weisinger begins his long association with the Superman title with #11.
Superman #14 goes on sale, per its copyright registration, with a cover date of January-February 1942.
Japan attacks Pearl Harbor, five weeks after the issue's on-sale date.
Leo Nowak, the issue's interior artist, is drafted.
Fred Ray dies.
The issue's contents are reprinted in The Superman Chronicles, Volume 8.
The CGC census shows six copies at 8.0, eight higher, and none above 9.2.
A CGC 9.2 sells at auction for $35,850.
A CGC 9.4 copy is announced for auction.
The CGC 9.4 closes at a reported $112,000.
The census shows nine copies at 8.0 and 14 higher.
A sale listing counts 20 copies graded above 8.0.
The world in 1941
President Roosevelt signs Lend-Lease into law, supplying military equipment to the Allies.
The destroyer USS Kearny is torpedoed off Iceland, killing 11 sailors, the first American military casualties of the war.
Walt Disney's Dumbo is released.
After 14 years, work stops on Mount Rushmore.
Roosevelt signs a bill fixing Thanksgiving on the fourth Thursday in November.
Japan attacks Pearl Harbor.
Roosevelt gives his 'Infamy' speech and Congress declares war on Japan.
Price record
| Date | Price | Kind |
|---|---|---|
| May 30, 2015 | $35,850 | Sold at auctionCGC 9.2, off-white to white pages; then the highest grade in the census. |
| Dec 14, 2018 | $112,000 | Sold at auctionCGC 9.4. Final price as reported by collectors following the auction; no house record was fetched. |
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, Superman #14 is number 34 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 (42 here) is editorial: how much an object defines its field, not price alone.
Did you know
- The issue went on sale on November 1, 1941, more than a month before the United States entered World War II.
- Fred Ray was about 21 when he drew the cover, and he later consulted for the Smithsonian Institution on Revolutionary War uniforms.
- None of the four stories inside has anything to do with the patriotic cover; one is about a mermaid princess.
- Every story is signed Joe Shuster, but all four were drawn by Leo Nowak.
- The back cover advertises the Red Ryder BB gun later made famous by A Christmas Story.
- The issue carried a house ad announcing Wonder Woman's arrival, turning DC's 'Big Seven' into the 'Big Eight.'
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