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

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

The city of Nenana collaborated with the Anchorage Museum and other private donors to purchase the golden spike at a Christie’s Auction House auction in New York City.

The iconic 14-karat gold spike, part of the 1923 Alaska Railroad completion, is returning to Alaska after nearly 100 years. The Anchorage Museum and City of Nenana will alternate its ...

Harding drove a golden spike into the final coupling of the Alaska ... but the government instead chose a muddy site along Ship Creek in what is now downtown Anchorage.U.S. Army Col.