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On his retirement day, Gehrig's teammates presented him with a silver trophy

Courtesy of Lucille T. Lasky-Nuzzi

The trophy, as seen in the National Baseball Hall of Fame's exhibit Baseball as America.  The original appraisal of this trophy after Gehrig died was around $5.

"Iron of fram they hailed you / Decked you with laurel leaves." - John Kieran, from the poem written on the trophy.