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the Washington Gold Nugget
Viewing  - 15MAR11
Auction - 16MAR11

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The Washington Gold Nugget was discovered on property near Washington, California in Nevada County, east of Nevada City near the famous Mother Lode Gold Rush mining camp in an unmined section of the Omega-Malakoff Tertiary Channel in March, 2010 by by Jim Sanders, a San Francisco businessman; Sanders said the area was covered with gravel left from hydraulic mines.

The Washington Gold Nugget weighs 100 troy ounces (that's about 9 pounds !!!) and is billed as "the largest California Gold Rush nugget left in existence." Its value in gold is about $123,000, however the estimated collector value is $250,000 to $400,000. According to Holabird, the 100-ounce nuggets found in the past, in particular, during the "gold rush," were melted down into bullion making the Washington nugget a rare find, and, historic pieces sell for much more than "spot" based on gold's current per-ounce market price, now around $1,400.

The Washington Gold Nugget will be on display courtesy of Fred Holabird and Don Kagin of Holabird-Kagin Americana of Reno, Nevada on a limited basis during the auction preview on Tuesday, March 15th from 12:00 to 6:00pm at the Sacramento Convention Center.

The nugget will be auctioned on Wednesday, March 16th in Session C of the Golden West Auction at the Sacramento Convention Center. The auction begins at 10:00am and the nugget will probably hit the auction block around 4pm. It is lot #2574.

The nugget will be on display for public viewing after the auction at the ANA show at the Sacramento Convention Center.

Contact Amy Baker, amy@holabirdamericana.com, if you have any additional questions.

Holabird-Kagin Americana links:
www.ha.com
www.holabirdamericana.com
www.liveauctions.holabirdamericana.com/auctionlist.aspx)  


 

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