Gold Nugget auctions
A gold nugget is a naturally occurring piece of native gold. Nuggets are also found in the tailing piles of previous mining operations, especially those left by gold mining dredges. The common impurities are silver and copper.
Gold nuggets are rare, and even a small nugget will fetch 1.5-2 times the spot price of gold. Very large nuggets are extremely rare, and sell for very high prices. The largest gold nugget ever found was the Welcome Stranger, found in Victoria, Australia in 1869. It weighed over 2,100 troy ounces (65.2 kg). The largest gold nugget in existence is the Hand of Faith, found by Kevin Hillier in Victoria in 1980 using a metal detector.
