Mark Well’s “Miracle on Ice” Olympic hockey gold medal fetches $310,700 at auction


November 5th 2010 will remain a memorable day in the history of Heritage Auctions. It marked the sale of the first 1980 “Miracle on Ice” Olympic hockey gold medal given to Mark Wells, a center of the then USA Hockey team. The first ever “Miracle on Ice” gold medal ever offered for public auction, this 1980 medal fetched a cool $310,700 way over its pre-sale estimate of $100,000! Mark Wells, who was awarded this medal at the age of 21, sold it earlier this year privately to an anonymous collector who then consigned it to the sports memorabilia auction. The winning bidder is a Western United States rancher who bid through the phone. The medal, crafted by Tiffany, was accompanied by a letter from Wells that read: “I hope you cherish this medal as much as I have. I personally cannot think of another piece of memorabilia that has had such a profound effect on the sports world than this precious keepsake.”

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A piece of sporting history, it is a treasure for the sports collector.