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10lbs gold nugget up for auction

ByVictoria

In 1979, a couple using a metal detector in the Kalgoorlie Goldfields of Western Australia located a massive gold nugget. Known today as the “Golden Beauty,” the nugget weighs in at nearly 10 pounds.

It is currently on the auction block. According to Heritage Auctions, the opening bid was $400,000.

At the current spot price, the gold is worth around $481,800.

“Gold always has been enormously popular, in part because of its pure value and beauty, but also because it is exceedingly rare,” Heritage Auctions vice president of nature and science Craig Kissick said.

Source – Money Metals

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