The High Point Museum raised $16,300 to buy the piano from Guernsey's auction house in New York.
"I think what the exhibit needs to say—the story it needs to tell— is what the early musical influences were in John Coltrane's life and to share the story of his youth here," said Barbara Taylor, president of the museum.
The museum also owns a report that Coltrane wrote in the fifth grade, sheet music with his handwritten notes, and one of his Down Beat Awards.