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

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 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.

The golden spike that was used to complete the Alaska Railroad in 1923 will for the first time be on permanent display in Alaska after entities combined to win an action for the 14-karat gold spike Friday.

The Anchorage Museum and the city of Nenana, joined forces to bring home the Golden Spike, an iconic piece of railroad history.

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

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

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,

In this July 15, 1923, image provided by the CIHS Collection, Anchorage Museum, President Warren G. Harding drives the final golden spike at the new Alaska Railroad bridge in Nenana, Alaska.

The Anchorage Museum and the city of Nenana, with financial help from private donors and the Alaska Railroad, won the Christie’s auction for the spike in New York with a bid of $201,600 ...

the city of Anchorage presented him with the golden spike in appreciation of his work. He sent the spike back from Seattle for the Harding event in Nenana, a community in interior Alaska.

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.