ANCHORAGE, Alaska (AP) — The golden spike that was used to complete the Alaska Railroad over a century ago will be on permanent display in Alaska for the first time after entities combined to win an action for the 14-karat artifact Friday.

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, more than four times the $50,000 top-line estimate for the historical artifact. The price includes a premium of 26% for the auction company.

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