It closes at $ 1 an ounce in electronic trading on Wednesday . Value of the ore , if any , is about $ 140,000 . The winning team pays $ 1 for the nugget . `` There have been larger ones over the years , but they have been melted down . '' The largest nugget ever mined in California weighed 195 pounds .
It closes at $ 1 an ounce in electronic trading on Wednesday . Value of the ore , if any , is about $ 140,000 . The winning team pays $ 1 for the nugget . The largest nugget ever mined in California weighed 195 pounds .