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

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,

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

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

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.

This image provided by Christie's Images shows a golden spike driven by President Warren G. Harding in Nenana, Alaska, just days before he died in office, which marked the completion

President Warren G. Harding drove a golden spike into the final coupling of the Alaska Railroad more than a century ago, a ceremonial act that marked the launch of a system to easily bring coal and other natural resources out of the wilderness.

The 24-karat spike was hammered by President Warren Harding in a 1923 ceremony, but it has been out of Alaska almost every year since then.

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