It wasn't found in a crystal cave. No, it was found in a storage locker.
From a piece in the Los Angeles Times...
A copy of the valuable Action Comics No. 1, the comic book in which Superman first appeared, has been found in a storage locker. And this isn't just any Action Comics No. 1 -- it's Nicolas Cage's.
KTLA reports that the comic was discovered last month in a storage locker in the San Fernando Valley after the contents of the unit were purchased in an auction. The dealer who sold the comic to Cage was able to identify it.
Top-quality copies of the comic, published in 1938, are so rare that one sold in February 2010 for $1 million. It was the highest price ever garnered for a comic book.
More comes from Comics Alliance...
Presently sitting in a Los Angeles Police Department evidence room, Cage's copy of Action Comics #1 was stolen from his home in 2000. The Ventura County Star reports that the comic book was allegedly discovered last month in a storage locker in Los Angeles' San Fernando Valley, just a short drive north of the city's major metropolitan area. As the story goes, a man known only as "Sylvester" found the copy of Action Comics #1 in the contents of a storage locker he purchased. Sylvester made inquiries with Dan Dotson of American Auctioneers in Riverside, California, about 60 miles east of L.A. Dotson, who appears regularly on A&E's Storage Wars, then contacted Mark Balelo, a collectibles expert who owns a merchandise liquidation company in Simi Valley, CA, about 40 miles outside downtown Los Angeles. Balelo then got in touch with New York-based rare comic book dealer Stephen Fisher of ComicConnect.com, who in fact sold Nicolas Cage the missing copy of Action Comics #1 more than a decade earlier. Fisher flew to California and identified the copy of Action Comics #1 as the very same item purchased from him by Nicolas Cage. The police agreed with Fisher's conclusion, and the comic book was taken into evidence.
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