A unique gold collection is up for sale.
If you're in the market for 170 specimens of gold in nugget and crystalline form, then this is the collection for you.
The "World's Rarest Gold Collection" is valued at $5 million.
The decision to sell the collection, comes when the precious metal is selling at an all-time nominal high of more than $1,200 an ounce.
Bidding on the collection will start at $1.1 million.
The collection first went on display shortly after a gentleman by the name of Richard Graves purchased the Carson Nugget in 1954, said Guy Rocha, the former state archivist.
But, if you're looking for a bargain - because of a high-pressure need by the Casino to increase their cash flow - forget it.
The Carson Nugget in Carson City is doing very well.
"The collection is not an asset that's necessary for the daily general operations of the Nugget," resort President Steve Neighbors noted for the record.
The sale started on Aug. 1st and will end at 12 p.m. on Sept. 14th.
Bids must be sent by e-mail to Neighbors and Fred Holabird, a licensed broker from Reno.
Holabird, also a mining geologist, said the Nugget collection is one of the country's two premiere public gold displays, the other in Mariposa, Calif.
Neighbors said a portion of the income from the sale will be used on deferred maintenance for the casino and its City Center Motel, 800 N. Carson St.
The rest will go to the Hop and Mae Adams Foundation, which will help fund the City Center downtown redevelopment project that includes developing a library, business incubator and office and retail space.
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