Golden nugget farm Lagoona Park listed sans Poseidon gold nugget

Golden nugget farm Lagoona Park listed sans Poseidon gold nugget
Jonathan ChancellorDecember 7, 2020

Lagoona Park, the Victorian rural property where the Poseidon gold nugget was discovered, has been listed for sale.

There are $4.5 million hopes for the 914-hectare property in Newbridge in the Loddon Shire in central Victoria.

It has been listed by Colin Harris, whose family established the well-known Gloroy Poll Dorset sheep stud in 1956. 

The 30 lot Lagoona Park auction is scheduled for August 14 through Martin Skahill of Elders Real Estate possibly in four separate offerings, ranging in size from 170 hectares to 312 hectares.

Martin Skahill is marketing the property as the home of the nugget, on the Lot 2 Rumbolds 180 hectare portion.

The Loddon River runs through the property which is suited to cropping, meat and wool production or as a stud farm.

Lagoona Park is less than two hours from Melbourne and 30 minutes from Bendigo. 

The nugget was discovered on Melbourne Cup Day in 1906.

The famous Poseidon nugget, weighing 26.6 kilograms (860 ozt) was found in 1906 after interest in alluvial mining was renewed when Jack Porer discovered the Poseidon field at Tarnagulla. The nugget was named after the racehorse Poseidon, winner of the 1906 Caulfield Cup, Victoria Derby and Melbourne Cup.

A replica of the nugget, worth about $1.3 million at current prices, is on display at Museum Victoria.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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