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One of Owens' Olympic golds on auction block

One of the four gold medals won by Jesse Owens at the 1936 Olympics in Berlin will be sold at auction.

David Kohler, president of SCP Auctions, believes the price could top $1 million. His company acquired the precious medal that will go to the highest bidder on Dec. 7.

Owens' family is unsure about the location of the other three gold medals, which were famously won in track and field by the 23-year-old Owens with Adolf Hitler hosting the Games.

"We think this a seven-figure piece," Kohler said. "We expect to see a good deal of international interest and could see some institutions bidding. This is so much bigger than a piece of sports memorabilia. It's a piece of history."

The record for a piece of Olympic memorabilia was $865,000 in April for a silver cup that went to the winner of the first modern-day Olympic marathon in 1896. A USA hockey jersey worn by Mike Eruzione during the famous "Miracle on Ice" upset of Russia at the 1980 Winter Olympics was purchased for $657,250 in February.

The auction, which begins Nov. 20, includes items from baseball legend Jackie Robinson.