Using ArcGIS 10, I have a raster where I would like to find the pixel with the maximum value in the raster and return its location (center of pixel) in decimal degrees. I would like to iterate through this process returning the location of the second highest value of the raster, then third, and so on so that in the end I have a list of N locations that have the highest values in the raster in order.

I imagine that this might be most easily done using a Python script but I'm open to other ideas if there is a better way.