The medals, designed by David Watkins measure just over 3 inches across and weigh close to a pound. They are the largest medals ever awarded at the Summer Games.
Gold medals contain just 1% gold. The remaining metal mix is silver 92.5% and about 6% copper, which puts the material price under $650.
Silver medals are mandated by the International Olympic Committee to contain at least 550 grams of "high quality silver." Despite the mandate and the rising price of silver, the second-place medals are worth about half of the gold medals.
Bronze medals (like the one dented in a bizarre shower accident by Brazil's Felipe Kitadai) are made up of 97% copper, 2.5% zinc, and .5% tin. Based on current market prices, the raw value of the materials in the medals would bring less than $5.00.
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