Jason LaVeris/FilmMagic
Devan Coggan
December 22, 2015 AT 01:42 PM EST

Nicolas Cage will return a rare dinosaur skull he bought to the Mongolian government.

According to Reuters, Cage has agreed to turn over the skull to U.S. authorities so that it can be returned to Mongolia. Cage bought the skull for $276,000 in 2007, reportedly outbidding Leonardo DiCaprio.

A publicist for Cage told Reuters that the actor received a certificate of authenticity when he first purchased the skull from a Beverly Hills gallery, but federal authorities contacted him last year to inform him that the skull might have been illegally smuggled out of Mongolia. Once U.S. investigators established that the skull was in fact stolen, Cage volunteered to return it. Neither Cage nor the gallery where he purchased it, I.M. Chait, have been accused of any wrongdoing.

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The Associated Press previously reported that the 32-inch-long Tyrannosaurus bataar skull, which is roughly 67 million years old, is one of several fossils and skeletons illegally taken from and returned to Mongolia.

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