Times of India·2 min read·medium

Alaska’s largest recorded gold nugget, found in 1998, later sold for $750,000

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Alaska’s largest recorded gold nugget, found in 1998, later sold for $750,000
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A massive 294-troy-ounce gold nugget discovered in Alaska in 1998 was sold for $750,000 in 2021. Known as the Alaska Centennial Nugget, it remains the largest gold specimen ever recorded in the state.

Why it matters

The discovery highlights the enduring economic and historical significance of gold mining in Alaska and the high value placed on rare natural specimens.

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One push of a bulldozer turned an ordinary day of placer mining into a discovery that would enter Alaska's mining history. In 1998, miner Barry Clay was moving dirt near Ruby when he uncovered a massive natural gold-and-quartz specimen weighing 294.1 troy ounces, or more than 20 pounds. The Alaska Division of Geological & Geophysical Surveys recorded the find as the largest gold nugget mined in Alaska. For more than two decades, the specimen remained a remarkable piece of mining history before Heritage Auctions offered it for sale in 2021. The nugget ultimately sold for $750,000, adding another extraordinary chapter to its story.A discovery made while moving dirtClay was carrying out placer mining near Swift Creek, in the Ruby Mining District of Alaska's Yukon-Koyukuk Census Area, when the discovery occurred.

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