According to the Olympic Charter, the gold and silver medals must each be made of at least 92.5 percent pure silver and the gold medal must be gilded with at least six grams of gold.
The price of gold changes daily. Assuming there's six grams of gold in each medal, each one would be worth about $500 at 2010 prices.
The remainder of the gold medal is made out of silver. The price of silver also fluctuates, but at an average of $14.50 per troy ounce, the remaining silver in the gold medal hovers around $60.
Additional facts: The Beijing 2008 medals also include Jade for the first time, which could impact the value. The 2010 Vancouver medals are the largest in Vancouver history, weighing at about a pound each.
See related links for a Wall Street Journal article on the worth of Olympic medals.
Each gold medal is made up of 92.5 percent silver and 1.34 percent gold, with the remainder copper. The International Olympic Committee stipulates that each gold medal must have six grams of gold (as well as 92.5 percent silver).
The "podium value" of the London gold medal is worth approximately $708, according to the World gold council, the market of the gold industry.
It is the highest value of any gold medal in the history of the modern games, primarily because of the record high prices for gold and silver.
If the London 2012 Games medals were made of solid gold, it would cost nearly $40 million to make, according to the WGC. This is why the last time pure gold medals were presented was in 1912.
The silver medal (which represents second place) is made up of 92.5 percent silver, with the remainder copper; and the bronze medal (for third place) is made up of 97 percent copper, 2.5 percent zinc and 0.5 percent tin.
With more than 10,000 athletes competing for the chance to win at least one of 302 Olympic Gold Medals that were presented during the London 2012 Summer Olympic Games
These metals represent the first three ages of man in Greek mythology: the Golden Age, when men lived among the gods, the Silver Age, where youth lasted a hundred years, and the Bronze Age, the era of heroes.
Each medal is 85 mm in diameter and between 8-10 mm thick. The gold and silver medals weigh 412 grams (0.9 pounds) and the bronze medal weighs 357 grams (0.78 pounds). They are the biggest and heaviest summer Olympic medals ever made.
Eight tons of precious ore for all the medals were supplied by mining giant Rio Tinto and was sourced at the Kennecott Utah Copper mine near Salt Lake City, Utah, as well as from the Oyu Tolgoi project in Mongolia, according to the offical London 2012 offical webiste and WGC
For the small amount of non-precious elements used in the bronze medals, the zinc was sourced from a mine in Australia as well as from recycled stock, while the tin originates from a mine in Cornwall, England.
The metal was sent to Spain where it was turned into discs and then the medals were produced at the Royal Mint headquarters in Llantrisant, South Wales.
Each medal takes 10 hours to make, according to the WGC. A 35mm disc is placed in a furnace and heated to 750 degrees Celsius (1,382 degrees Fahrenheit) to soften the medal. The metal disc is then struck 15 times under 900 tons of pressure.
The medals were designed by British artist, David Watkins.
The "podium value" of the London 2012 gold medal is worth approximately $708, according to the World Gold Council, the market development organization of the gold industry.
It is the highest value of any gold medal in the history of the modern games, primarily because of the record high prices for gold and silver.
Each gold medal is made up of 92.5 percent silver and 1.34 percent gold, with the remainder copper. The International Olympic Committee stipulates that each gold medal must have six grams of gold (as well as 92.5 percent silver).
The silver medal (which represents second place) is made up of 92.5 percent silver, with the remainder copper; and the bronze medal (for third place) is made up of 97 percent copper, 2.5 percent zinc and 0.5 percent tin.
If the London 2012 Games medals were made of solid gold, it would cost nearly $40 million to make, according to the WGC. This is why the last time pure gold medals were presented was in 1912.
The custom of awarding gold, silver and bronze medals began at the 1904 Summer Olympics in St. Louis, Mo. These metals represent the first three Ages of Man in Greek mythology: the Golden Age, when men lived among the gods, the Silver Age, where youth lasted a hundred years, and the Bronze Age, the era of heroes.
Each medal is 85 mm in diameter and between 8-10 mm thick.
The gold and silver medals weigh 412 grams (0.9 pounds) and the bronze medal weighs 357 grams (0.78 pounds). They are the biggest and heaviest summer Olympic medals ever made.
Eight tons of precious ore for all the medals were supplied by mining giant Rio Tinto and was sourced at the Kennecott Utah Copper mine near Salt Lake City, Utah, as well as from the Oyu Tolgoi project in Mongolia, according to the official London 2012 website and the WGC. For the small amount of non-precious elements used in the bronze medals, the zinc was sourced from a mine in Australia as well as from recycled stock, while the tin originates from a mine in Cornwall, England.
The metal was sent to Spain where it was turned into discs and then the medals were produced at the Royal Mint headquarters in Llantrisant, South Wales.
Each medal takes 10 hours to make, according to the WGC. A 35mm disc is placed in a furnace and heated to 750 degrees Celsius (1,382 degrees Fahrenheit) to soften the medal. The metal disc is then struck 15 times under 900 tons of pressure.
The medals were designed by British artist, David Watkins.
According to the Olympic Charter, there must be 6 grams of pure gold. Gold medals only contain 1.34% gold. 92.5% of a gold medal is actually silver while the rest is copper. The silver medal itself is also 92.5% silver, but it has no gold (obviously). Bronze medals are 97% copper, 2.5% zinc and 0.5% tin.
$13122.32 US Dollars at todays market price of $1623.60 if it weighed 250 grams like the medals do today. Steve Looser
100$
China - $51,000 (350,000 yuan) Central sports officials in China have not said how high the bonuses they give will be, but the Chinese-language Sports Weekly reported they are likely to hand gold medal winners 350,000 yuan ($51,000) each, plus big payments shared out from sponsors.
anywere from $1000 to $10,000
No ... through the 2008 Games the U.S. has not won any medals in badminton much less a gold.
That will be based on the country. The US Olympic committee pays an award bonus of $25,000 for a gold medal.
Priceless
Nothing
$1000
An Olympic Gold medal is worth 25,000 U.S. Dollars
According to reports on the internet, the contents of an Olympic Silver Medal are the same as with an Olympic Gold Medal, 92.5 percent pure silver. The Gold Medal is covered by at least 6 grams of gold, according to the Olympic Charter. Some Olympic hosts make the medals larger or smaller according to their respective preferences...but the content must still follow the Charter.
Nothing
1 million bhatt
nothing
According to reports on the Internet, the contents of an Olympic Silver Medal are the same as with an Olympic Gold Medal, 92.5 percent pure silver. The Gold Medal is covered by at least 6 grams of gold, according to the Olympic Charter. Some Olympic hosts make the medals larger or smaller according to their respective preferences...but the content must still follow the Charter.
He gets no money but he just earned a gold medal and the respect from not only his mother country, the United Kingdom of Great Britain and Northern Ireland, but also the world. Cheers
Olympic athletes do not get paid for the medals they win. They do not receive pay for participating. U.S. medalists receive cash prizes from the U.S. Olympic committee. Gold medal winners receive $25,000, silver medal winners receive $15,000, and bronze medal winners receive $10,000.