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 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.

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,

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 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.

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) (Uncredited/AP) ANCHORAGE ...

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 ...

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.

The National Weather Service (NWS) issued several winter weather alerts for Alaska, with some areas expected to get up to 20 inches of snow while parts of the state are experiencing unusually warm temperatures. Alaska, known for its extremely cold and snowy climate, has experienced some rare warm weather this month.

In this July 15, 1923, image provided by the CIHS Collection, Anchorage Museum, President Warren G. Harding drives the final golden spike at the new Alaska Railroad bridge in Nenana,

The Alaska Long Trail has been a sought-after ambition that would create a nationally-designated, 500-mile trail route from Seward to Fairbanks.

The birch bark-lined cellar turned out to be almost a thousand years old – the oldest discovery of its kind in Southcentral Alaska, archeologists said.