April 20 - A second "Miracle on Ice" Olympic gold medal is set to go auction this week after Mark Pavelich, a member of the famous United States team, announced he will be selling his through a Dallas auction house.
Bids for Pavelich's medal, first online and by e-mail, are due to begin on Friday (April 25) through Heritage Auctions, which bills itself as the world's largest auctioneer of collectibles.
Bidding then goes live and is due to end on May 16.
The auction marks the second time a medal from the famous team, made up of amateur and collegiate players and led by coach Herb Brooks, will go on sale following the auction of Mark Wells' medal in 2010.
Wells sold his gold medal to a private collector for $40,000 (£23,834/€28,952) who in turn consigned it to Heritage Auctions of Dallas.
In November 2010 the medal was sold at auction for $310,700 (£185,128/€224,884) to a private collector because Wells needed finances for medical treatment.
Pavelich, 56, is not in any financial distress and, according to Heritage Auction's sports director Chris Ivy, is selling the medal in order to "help his kids out with education, the trust and that kind of thing".
Bidding for the medal will start at $62,500 (£37,240/€45,237) but Ivy sees $250,000 (£148,960/€180,950) as "the floor" with "a lot of spirit bidding beyond that".
Pavelich earned two assists in the dramatic victory in Lake Placid over the Soviet Union, one of them on the game-winning goal by fellow forward Mike Eruzione.
Eruzione, the team's captain in Lake Placid, told The Star Tribune that he "hates to see it [get sold]" but admitted that "he won it, he knows it and he doesn't need the medal to prove that."
He added: "I will never sell my medal as long as I'm alive."
Contact the writer of this story at [email protected]
December 2013: Owens' Berlin 1936 Olympic gold medal sells for nearly $1.5 million