its sterling silver covered by 6 grams of pure gold
1oz
Actually, according to statistics, an Olympic "Gold Medal" is actually 90% silver... just another fact.
An Olympic Gold medal is worth 25,000 U.S. Dollars
According to Answers.com $500 each, assuming 6 grams of gold.
There is no gold in a gold metal it is simply spray painted
20 %
1
Priceless
As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.
Gold Olympic medals are real gold, but they are not all gold. They are usually just coated with gold. The rest of the medal is usually silver. There are standards as to how much gold is actually on the gold medals.
That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.
As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.