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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, at 31.1 grams per troy ounce, that is about 0.2 troy ounces. With gold at $1100 per troy ounce, the value would be about $212.
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, and assuming the entire medal weighs 500 grams, the remaining silver in the gold medal hovers around $230, bringing the total value to around $450.
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.
the person who wins gold gets 25.000 in the us but the gold medal is worth
about 644usd
I am not so sure about silver medals, however, a gold medal is worth US$220.
I don't think you can put a value on it. How can you put a value on being the 2nd best person at that sport at that moment.
At 2010 pricing the Olympic Silver medal is surprisingly worth more than that of an Olympic Gold at an astounding $1200.00 a pop.
Probably not that much, because the medal is made out to the swimmer.
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How much 2012 Olympic gold metal each worth?
An Olympic Gold medal is worth 25,000 U.S. Dollars
How much does the silver Olympic medal worth?
e19,000
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2012 olympic
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how much are 1970 silver 1oz Canadian olympic coins worth
How much is a silver olympic medal worth?
i wish i knew....
How much are Olympic medals worth?
bronze $3 silver $264 gold $468
How much gold is in the Olympic 2010 gold metal?
its sterling silver covered by 6 grams of pure gold
What was the cost of olympic gold silver and bronze medals at the 2006 Olympic Games?
I would air on the side of not much. Bronze itself is worth $1.50 - $2.50 a pound I believe, depending on grade. And I'm not sure how much the medals themselves weigh. So they aren't worth too terribly much, not the metal anyway. Regardless, to the athletes that win the medals, I'm sure they are priceless.
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About $6 for its metal content.
How much is Number 1 of 1000 1992 Olympic dream team silver coin set worth?
5000.00
How much is a silver certificate one dollar bill worth with c at the end of the serial number?
If the bearer can redeem the note into silver metal, I would guess it is worth the going price of silver on the day the bearer exchanges it or sells the metal.
How much is a silver 1956 Ben Franklin half dollar worth?
About $6 for its metal content.
