How much is a gold Olympic medal worth?

Answer 1

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.

Read more: How_much_is_an_Olympic_gold_medal_worth

Answer 2

An Olympic gold medal is worth about $500-$600 dollars each and depends on the price of gold at the time. Each gold medal has 525 grams of silver and about 6 grams of gold. The gold medals for Sochi 2014 Olympics are worth approximately $566.

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Gold Olympic medals are not made of solid gold, they are plated. Their value would be as medals from a particular games/athlete, ie a collectors value. This would therefore vary for each particular medal depending on its provenance.

Answer 3

First of all, it should be said that Olympics are held once per four years.There are different countries participating for pride.It is a world stage for talents.Olympics has a bright history,starting from the ancient Greek age.Now,it is the best area to show you and your country's passion and skill in the game.So,a gold medal in Olympics is simply a big reward.It is worth more than millions of dollars.

Answer 4

They get about $10,000 but the medal is only worth about $650 by itself

Answer 5

5

Answer 6

36000rs

Answer 7

500