I recently had the opportunity to spend a day exploring around Butte, Montana and was amazed by the amount of mining that has taken place there. The old-timers called Butte “the richest hill on earth” and had pretty good reasons for doing so.

I have been finding nuggets all my life, beginning in Sierra County 50 years ago, and believe me they don’t pop up out of the ground like mushrooms when they see me coming and say, “Here I am and take me home.”

There are times when being able to recognize a type of rock can make you a much more successful prospector.

The area was mined intermittently from around 1900 to 1915, but was also mined in the late 1800s, with a total output valued at about $100,000, which is around $9.5 million at the current gold price.

While the bullion value of the nugget is already substantial, the size and rarity of the Ausrox Nugget combine to make its worth invaluable in the collector market.