One of the "Miracle on Ice" gold medals is about to go on the auction block.
Mark Pavelich, an Iron Ranger who helped Team USA beat the Soviets on the way to Olympic gold in 1980, is selling his medal through a Dallas auction house.
Bids, first online and by e-mail, will be taken beginning April 25 through Heritage Auctions, which bills itself as the world's largest auctioneer of collectibles. Bidding then goes live and ends May 16.
There has been one other gold medal from that team auctioned, according to Heritage. That one was awarded to Mark Wells, who was dealing with health problems and sold it to a private buyer for $40,000. That buyer then commissioned Heritage, which sold it in 2010 for $310,700.
Bidding for Pavelich's medal will start at $62,500, but Heritage sports director Chris Ivy sees $250,000 as "the floor" with "a lot of spirit bidding beyond that."
"We were contacted by Mark, probably 18 months ago," Ivy said. "He was curious about the value, initially."
Bidding opened for Wells' medal at $100,000, Ivy said, adding that the threefold final sales figure paid by the still-anonymous winner "was a pretty surprising and strong number."
Ivy said Pavelich, 56, is not in any financial distress. "He's doing fine," Ivy said. "It's something that he wants to help his kids out with education, the trust and that kind of thing."