05/10/2012 08:34 am ET

Elvis Presley's Gold Bracelet Is Sold By The 'Auction Kings' (VIDEO)

How much for Elvis Presley's bracelet? That was the question facing the "Auction Kings" (Wed., 10 p.m. ET on Discovery) when they found themselves handling a piece of pop culture history.

A seller brought them a 14-karat gold bracelet bearing The King's initials, E.A.P. Elvis gave it to his trusted friend Lamar Fike, a member of his so-called Memphis Mafia. Fike passed away in January 2011.

As Paul Brown said, "anyone can find out the price of diamonds and gold ... but for us the value lies in the celebrity ownership."

So, how much for Elvis Presley's bracelet? A cool $10,000.

The treasure-hunting continues on "Auction Kings," Wednesdays at 10 p.m. ET on Discovery.

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