Updated: August 23, 2012, 7:04 am ET

Walter Davis to Auction 1976 Gold Medal

By HOOPSWORLD
Basketball News & NBA Rumors

Walter Davis, a member of the USA Basketball team that won gold at the 1976 Montreal Olympics, is auctioning off his gold medal as part of an annual “Hall of Fame” basketball-themed collection on GreyFlannelAuctions.com. Other items in the collection include game-worn jerseys and shoes from the likes of Michael Jordan, Magic Johnson, Jerry West and Julius Erving.

Bidding for the gold medal opened at $10,000. As of Wednesday, the top bid had reached $12,000. Bidding will continue until September 7.

GreyFlannelAuctions.com, which calls the medal “an extremely rare treasure,” provides the following specifics on what your 5-figure bid gets you.

via Ben Golliver of CBS Sports

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