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.

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

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

Harding in Nenana, Alaska, just days before he died in office, which marked the completion of the Alaska Railroad over a century ago. (Christie's Images via AP)

the city of Anchorage presented him with the golden spike in appreciation of his work. He sent the spike back from Seattle for the Harding event in Nenana, a community in interior Alaska.

The spike's installation marked the completion of the Alaska Railroad in 1923. It's spent most of the time since then in the hands of private owners

The Anchorage Museum, along with the City of Nenana, bought a special railroad spike at a Christie’s auction for $200,000. The spike is made of 14-karat gold and is rich with history.

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

The golden spike used to complete the Alaska Railroad over 100 years ago will now be permanently displayed in Alaska for the first time after it was won in an auction

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,

Shakespeare once asked, “What’s in a name? Would a rose by any other name smell as sweet?” And in the case of Denali, would a mountain by another name be as magnificent?

Learn Norwegian with Christie Ericson and Norsk 101 as you read about Leonhard Seppala, the world-renowned musher