Found by San Francisco businessman Jim Sanders using his metal detector on his property near Nevada City, California in an unmined ancient stream bed near the old Mother Lode mining camp of Washington in February 2010.
The so-called Washington Nugget is thick and oblong, and resembles a "squished loaf of bread," Holabird said, adding it was found in the same area where hydraulic mining was invented in the 19th century.
"The chances of finding something like this anymore are beyond remote. It could be one in a trillion," Holabird said.
Golden Nugget 100 troy ounces sold $400,000 at Golden West Auction in Sacramento Last Wednesday (March 16, 2011)
The 100 troy ounces Golden Nugget is one of the most important California gold artifacts that exist. It is believed to be the largest one left from the state's gold rush, so it has a special value.
There were 6 to 7 people bidding on it last Wednesday, most of them are anonymous, The anonymous new owner won over the phone.
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Sources: CNN.com
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