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Deason and Oates were finally paid an estimated £9,381 (equivalent to A$1,485,000 in 2022) for their nugget, which became known as the "Welcome Stranger". At August 2019 gold prices, it would be worth US$3.4 million [2.3 million GBP]. It was heavier than the "Welcome Nugget" of 69.0 kilograms (2,217 ozt) that had been found in Ballarat in
The Welcome Nugget weighed 2,218 troy ounces (69.0 kg; 152.1 lb). It was melted down in London in November 1859. [6] Large nuggets are still being found around the world. On 16 January 2013, a large gold nugget was found near the city of Ballarat in Victoria, Australia by an amateur gold prospector
The largest gold nugget found using a metal detector is the Hand of Faith, weighing 875 troy ounces (27.2 kg; 60.0 lb), found in Kingower, Victoria, Australia in 1980. Historic large specimens include the crystalline "Fricot Nugget", weighing 201 troy ounces (6.3 kg; 13.8 lb) – the largest one found during the California Gold Rush.
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While it was valued at a quarter of a million dollars, a smaller 7.5-pound nugget called Destiny, which was found in nearby Ballarat, fetched nearly $300,000 at auction in 2014.
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The Welcome Nugget was a large gold nugget, weighing 2,217 troy ounces 16 pennyweight. (68.98 kg), that was discovered by a group of twenty-two Cornish miners at the Red Hill Mining Company site at Bakery Hill (near the present intersection of Mair and Humffray Street) in Ballarat, Victoria, Australia, on 9 June 1858.
The Welcome Nugget weighed 69 kg,(2,200 ounces) and comprised 99.2% pure gold, valued at about 10,596 pounds when found, and worth over US$3 million in gold now, or far more as a specimen. The idea of Sovereign Hill was floated in Ballarat in the 1960s, as a way to preserve historic buildings and to recreate the gold diggings that made the city.