Large gold nugget found in California Gold Country finds secret buyer

Associated Press

One of the largest gold nuggets in modern times pulled from Northern California's historic Gold Country has sold to a secret buyer.

The San Francisco Chronicle reported Saturday (http://bit.ly/1snahAB ) that even the sales price of the so-called Butte Nugget will remain a mystery at the buyer's request.

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But Don Kagin, the San Francisco-area coin dealer who brokered the deal, said that the sale price for the nugget weighing slightly more than 6 pounds wasn't far off from the asking price of about $400,000.

A gold hunter in July found the nugget in the mountains of Butte County; it went up for sale Thursday with the deal finalized on Friday.

The man who found the nugget also asked Kagin to keep his name and the location of the discovery a secret.