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Nic Cage

NOT A Suspect

in Superman Case

4/11/2011 6:30 PM PDT BY TMZ STAFF

An ultra-rare Superman comic book -- which once belonged to Nic Cage -- has been found 11 years after the actor reported it stolen and collected the insurance payout ... but TMZ has learned cops don't believe Nic had anything to do with its disappearance.

0411_nic_cage_superman_EX
Back in 2000, Cage told police someone jacked his authentic copy of Action Comics #1 -- a 1938 classic in which Superman was introduced. Cage had the comic insured ... but it's unclear how much money he got from the insurance company after police confirmed the theft. 

Now, after years of searching, investigators found the comic -- valued at more than $1.5 million -- inside of a storage locker in L.A.

Law enforcement sources tell us Cage is NOT a suspect and insist the actor has been helpful with the investigation.

As for the comic -- we're told it's being held as evidence for now ... but the item will eventually be returned to the insurance company.

As far as how the discovery affects Nic's insurance payout -- cops say the actor will have to work out the details with the company.

29 COMMENTS

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16.

mjfan212    

FORGET ALL THE HATERS THAT WILL BE TALKING SMACK TO ME IN 5 MINS

1229 days ago
17.

Mork12    

The Insurance company should return Comic book, and cage should return the cash, simple

1229 days ago
18.

HarryPalms    

He's not a suspect because he's a celebrity... but if it were YOUm then a different tune would play. Anyway, who says celebrities don't commit fraud?

1229 days ago
19.

Reel Deel    

Insurance companies don't like paying out, even though you spend a lot of money paying into them.

I don't think this is over for Cage, in fact, he'd have been better off if it didn't turn up...

1229 days ago
20.

bob    

SHUT UP about micheal jackson! hes been dead for more then a yaer.

hope cages gets the book back if he gives the company the money back

1229 days ago
21.

Carl    

It is pretty clear how the payout works. As long as it isn't fraud, which it sounds like it isn't, once the insurance company pays you for your loss the comic becomes their property if found. If they are willing to sell it back to Nic they can, but it is completely up to them.

1229 days ago
22.

lou    

Let's put it this way, the comic book is most likely worth far more today than it was 11 years ago, unless the recession has affected the comic book market. So Cage would probably be just as happy to have the comic book back and return the $$$ - if he can afford to do so.

1229 days ago
23.

Davey-Boy    

Lou,

Thus far, comics books have been VERY recession proof. At least that's been the case for a select few of heavy hitters. Action #1, Amazing Fantasy #14, etc, have all done very well and continue to rise in value.

1229 days ago
24.

Majestik    

I love comic books

1229 days ago
25.

mark    

No wonder why Cage is broke and in debt, buying crap like a superman comic. Had he had sounder investments he would not have to make such crappy movies for money.

1229 days ago
26.

Vhw2867@Yahoo.com    

The whole thing is a joke

1229 days ago
27.

Brian Workman    

The insurance company now owns the comic! They paid Nic for awhile back! Remember!?!? That's how it works!!!

1225 days ago
28.

MJtheMolester    

I just luv dem childres

1225 days ago
29.

jbkehr    

He should get the comic book back, and not owe the insurance company a penny. Mr. Cage had the book insured for a certain amount. The comic book WAS stolen. As long as his insurance premiums were paid, it was the insurance company's duty to pay the amount for which the comic book was insured. Now that it has been recovered, it should be returned to the rightful owner, Nicholas Cage.
Millions of people pay insurance premiums on cars, homes, and valuables. In comparison, it is not very often that the insurance company has to pay out. As you know, that doesn't stop them from collecting premiums every month. Mr. Cage insured the item because it was of significant value to him. He should get it back.

1207 days ago
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