Tuesday, April 19, 2011
98.6 oz California Gold Nugget Sells at Auction for $460,000
The Washington Nugget, named after the historic Sierra Gold Rush town in Nevada County where it was found. It was found last February using a pick on an unmined area of the Omega-Malakoff Tertiary Channel. At nearly 100 ounces it is the largest California gold nugget still in existence. The gold in this nugget would be worth $147k but since it has a historic significance and rarity it was valued at much more at auction. The bidding started at $250,000 and ended several minutes later to an anonymous bidder for $460k.