Sunday, January 09, 2011

100 once Gold Nugget Going on Auction

This is the kind of thing that prospectors dream of!

And it is a dream come true for San Francisco businessman Jim Sanders whom just happens to have discovered a 100 once gold nugget while using a metal detector in an unmined ancient stream bed near the old Mother Lode mining camp of Washington when he stumbled on the nugget in February 2010.  

A 100-ounce nugget, is expected to fetch between $225,000 and $400,000 when it goes up for auction March 15 in Sacramento, Calif. While current gold prices would make the Washington Nugget worth roughly $130,000, Holabird expects a collector to pay well more because of its historical value. Gold closed at $1,368.90 an ounce Friday.  "It's worth more as a collectible," he said. "No one will be melting this thing. It's one of the most important California gold artifacts that exist."

Link to Full Story

Happy Prospecting !

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