This premium was briefly issued in late 1939/early 1940 in "Action Comics" and "Superman" comic books and was obtained by recruiting three friends to join the Supermen of America Club. This large 5.5" dia. emblem/patch is one of the very earliest Superman premiums and was originally advertised as a "Superman Emblem." Unlike other similar patches which are just felt, this is made of two thin layers of felt and sandwiched between these layers is a thin sheet of cardboard which gives the patch a high degree of stiffness although it remains flexible if pressure is applied. Front has choice silk-screened design featuring classic image of Superman breaking chains surrounded by text "Supermen Of America - Action Comics." Emblem/patch has 3.5" and 4.5" creases, but these barely show when lying flat. Slight aging but silk-screened design remains bold and strong and shows virtually no wear. VF. In light of the recent extraordinary sales of "Action Comics" #1, it is important to note that there are far fewer of this patch known (only about 7 or 8) as opposed to existing copies of "Action Comics" #1. Listed in The Price Guide To Pop Culture Memorabilia by Ted Hake w/values in Fine of $5,500 and NM $11,000. One of the rarest and most desirable Superman premiums.