The flag is one of 19 items in “The Jim Craig ‘Miracle on Ice’ Collection,” which also includes Craig’s Olympic gold medal, the jersey he wore against the vaunted Soviet Union and in the gold-medal win against Finland. Also included are the only mask Craig wore during the Winter Games, his skates and goalie equipment, and the goalie sticks from the games against the Soviets and Finland.

Asking price for the collection is $5.7 million. The items were on display through Sunday, Aug. 2 at the National Sports Collectors Convention in Chicago.

Lelands.com announced the private sale on Wednesday, July 29, and it is first come, first serve starting Aug. 1.

Craig joins former U.S. teammate Mike Eruzione, who auctioned several Olympic items just over two years ago, including the jersey he was wearing in the Soviet game. Eruzione, who scored the game-winning goal in that game, netted around $1.5 million and said he sold the Olympic items to benefit his three adult children and a grandson, along with the Winthrop Foundation, which finances charities in his hometown of Winthrop, Mass., just outside Boston.

Craig said he decided to sell the items “so my children and grandchildren will be financially secure in the future.” Craig, who has made a living as a motivational speaker, has a 26-year-old son and 24-year-old daughter.

“Over the years, I’ve loaned my Olympic memorabilia to museums and other venues so it could be accessible to fans to enjoy,” Craig said. “It is my hope that whoever purchases this will do the same.”

Proceeds from the sale also will benefit several charities that Craig supports.

The U.S. victory by a bunch of fuzzy-faced college kids over one of the best teams in hockey history is one of the great moments in American sports history.

—

Jim Craig’s ‘Miracle on Ice’ Collection

Jim Craig’s 1980 U.S. Olympic Gold Medal (appraised value: $1,500,000 – $2,000,000)

The Flag draped on Jim Craig’s shoulders after the gold medal victory against Finland (appraised value: $1,000,000 – $1,500,000)

Jim Craig’s 1980 Team USA uniform from the Soviet game (appraised value: $1,000,000 – $1,500,000)

Jim Craig’s 1980 Team USA jersey from the gold medal game (appraised value: $500,000 – $1,000,000)

Jim Craig’s 1980 XIII Olympic Winter Games goalie mask (appraised value: $250,000 – $350,000)

Jim Craig’s 1980 Olympic Skates (appraised value: $75,000 – $100,000)

1980 Olympics Opening Ceremonies Levi’s jeans worn by Jim Craig along with the rest of the Opening Ceremonies dress outfit (appraised value: $20,000 – $30,000)

1980 Olympic camera in original leather case (appraised value: $5,000 – $10,000)

1980 Sports Illustrated Sportsmen of the Year trophy presented to Jim Craig as a member of the 1980 U.S. Olympic Hockey Team (appraised value: $75,000 – $100,000)

Jim Craig’s 1980 Winter Olympics official ring (appraised value: $50,000 – $75,000)

Jim Craig’s engraved 1980 Olympics gold medal winner pocket watch (appraised value: $25,000 – $50,000)

1980 Winter Olympics participants wrist watch with original band worn extensively by Jim Craig (appraised value: $10,000 – $20,000)

1980 Winter Olympics team-signed stick (appraised value: $10,000 – $20,000)

Jim Craig’s 1980 Olympics goalie equipment (appraised value: $100,000 – $150,000)

Jim Craig’s 1980 Winter Olympics goalie stick (appraised value: $300,000 – $400,000)

1980 gold medal ceremony shoes and warm-up pants worn by Jim Craig (appraised value: $15,000 – $25,000)

National Sports Festival warm-up suit (appraised value: $5,000 – $10,000)

1980 Team USA pre-Olympic jacket worn by Jim Craig before, during and after the Olympics ($5,000 – $10,000)

1980 Team USA Olympic winter coat worn by Jim Craig at the Olympics ($5,000 – $10,000)