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Check with Joe levine at Presidential Coin and Antique. he is the leading expert on these medals, all of which are rare and valuable. (571)321-2121

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How much does the silver Olympic medal worth?

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How much is a silver olympic medal worth?

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Do the olympic gold medal winners have to pay taxes on the medal?

Only U.S. Olympic athletes are liable to pay income tax on medals earned and prizes received at the London games. Under U.S. tax law, they must add the value of their Olympic medals and prizes to their taxable income. At today's commodity prices, the value of a gold medal is about $675. A silver medal is worth about $385 while a bronze medal is worth under $5. There are also prizes that accompany each medal: $25,000 for gold, $15,000 for silver, and $10,000 for bronze.


How much are the London 2012 olympic medals worth?

Each gold medal is made up of 92.5 percent silver and 1.34 percent gold, with the remainder copper. The silver medal (which represents second place) is made up of 92.5 percent silver, with the remainder copper. The bronze medal is made up of 97 percent copper, 2.5 percent zinc and 0.5 percent tin The value of the materials in the gold medal is about $644, the silver about $330, and the bronze about $4.71 on the current market.see related link


How much is a gold medal from the 2014 Olympics worth?

It depends on the price of gold at the time, however they are not pure gold. The gold medals for Sochi 2014 Olympics are worth approximately $566. Each gold medal has 525 grams of silver and about 6 grams of gold.


What is the value of george Mary of teck wedding silver medal 1893?

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How much is a olympic silver metal worth?

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.