The spike's installation marked the completion of the Alaska Railroad in 1923. It's spent most of the time since then in the hands of private owners

A variety of private donors supplied money for the purchase, the museum and city of Nenana said in their statement.

Two Alaska institutions are making a bid to bring home a golden spike that was driven into the ground more than a century ago to mark the completion of the Alaska Railroad.

The total cost of purchasing the 14-karat gold railroad spike at auction, to reclaim a piece of Alaska Railroad history, was $201,600.

The golden spike that was used to complete the Alaska Railroad over a century ago will be on permanent display in Alaska for the first time after entities combined to win an action for the 14-karat artifact Friday.

An Alaska museum and city, with help from donors including the Alaska Railroad, have won the auction for a 14-karat gold spike that was part of the railroad’s completion ceremony in 1923. The Anchorage Museum and city of Nenana will take turns displaying the spike,

The Anchorage Museum, along with the City of Nenana, bought a special railroad spike at a Christie’s auction for $200,000. The spike is made of 14-karat gold and is rich with history.

President Warren G. Harding drove a golden spike into the final coupling of the Alaska Railroad more than a century ago, a ceremonial act that marked the launch of a system to easily bring coal ...

A Golden Spike That Completed the Alaska Railroad Is up for Auction. Alaskans Want to Bring It Home ANCHORAGE, Alaska (AP) — President Warren G. Harding drove a golden spike into the final ...

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The golden spike used to complete the Alaska Railroad over 100 years ago will now be permanently displayed in Alaska for the first time after it was won in an auction