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# What is the real value of the Olympic gold medal?

Updated: 10/20/2022

Wiki User

12y ago

The 2012 London Olympics will have the largest medals in summer Olympic history. Weighing in at roughly 400g, medals will be seven millimeters thick and approximately 85mm in diameter. Unfortunately, the 400g London gold medals are not entirely made of gold. The composition of the London gold medal is made up of approximately 92.5% silver, 1.34% gold and 6.16% copper. With gold prices fluctuating around \$1,590 per ounce (28.35g), the cost of the required six grams of gold alone equals almost \$337. The estimated cost of the 2012 London gold Olympic medal is around \$700, making the medal one of the most expensive in Olympic history.

Wiki User

12y ago

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Q: What is the real value of the Olympic gold medal?
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Related questions

### Is the whole medal gold or do they get a smaller one?

The last real Olympic gold medal was awarded in 1912. Today gold medals are silver plated with gold.

### How much does a gold medal cost today?

Tha depends how you got the medal. Is from a recent Olympic or an ancient one e.g. 1896 or 2010? Does it have any major event atached to it e.g. Miracle on Ice? If it has no historical value, if it's made from real gold, it depends how much gold the medal contains.

### What was the cost of olympic gold silver and bronze medals at the 2008 Olympic Games?

Some reports indicate that each gold medal is costing around AU \$4,500 as each gold medal has around 6oz of real gold in it. The Silver medal is made of stirling silver and costs around \$3,000.

### Are gold olympic medals real gold?

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.

### Is it real gold on a triathlon medal?

The Olympic medals are designed especially for each individual Olympic Games by the host city's organizing committee. Each medal must be at least three millimeters thick and 60 millimeters in diameter. Also, the gold and silver Olympic medals must be made out of 92.5 percent silver, with the gold medal covered in six grams of gold. http://history1900s.about.com/od/greateventsofthecentury/a/olympicfacts.htm

### Are the olympic silver and bronze medals real?

No. The last olympic medal that was real gold was awarded in 1912. Now, silver medals are silver and gold medals are made of just about 93% silver. However, the gold medal needs to be plated or coated with at least 6 grams of real gold based on Standards.

Yes

### Is the olympic torch real gold?

yes it is and i styole it

### Are the olympian gold medals made of real gold and silver?

Each Olympic medal must be at least 70mm across and 6mm thick. The gold and silver medals must contain at least 92.5% silver, and at least 6 grams of 24-carat gold must coat each gold medal. Bronze medals contain copper, zinc, tin and a very small amount of silver.

### Why do many Olympic athletes bite there medals?

You mostly see them bite the gold medals because real gold is very soft and malleable. If you bite it, it will leave teeth marks on the medal. It apparently just took with the silver and bronze, too.

### What is the value of a silver special olympic medal?

1200 dollars&lt;&lt;&lt;-- This is completely wrong I would like to know how you even got your answer?! There not even real there fake so seriously your day dreaming.