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What is the value of an Olympic gold medal?

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Answered 2017-11-12 08:19:43

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.

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the person who wins gold gets 25.000 in the us but the gold medal is worth about 644usd

As the Olympic Gold medals aren't entirely gold, they are around ₤500-₤2000

Probably not that much, because the medal is made out to the swimmer.

At 2010 pricing the Olympic Silver medal is surprisingly worth more than that of an Olympic Gold at an astounding $1200.00 a pop.

The Olympic gold medal is plated with six grams of pure gold. The medal is mostly silver (92.5%).

Each gold medal is made up of 92.5 percent silver and 1.34 percent gold, with the remainder copper. The value of the materials in the gold medal is about $644

Argentina won the 2004 olympic gold medal.

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.-----------------------------------------------------------------------------------------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.

A round medal with an Olympic logo on it.

No not really the gold medal has 92.5% silver

Nigeria won her first Olympic gold medal in 1876

An Olympic Gold medal is worth 25,000 U.S. Dollars

The gold medal is 1.34% gold and 92.5% silver.

There are hundreds of Olympic gold medal winners alive as of 2013.

As of February 10, 2014, the value of a 1912 Olympic Gold Medal (which was solid gold and the last time the Olympics distributed solid gold medals) is $984.24... The Gold Medal from the 1912 Olympics held in Stockholm, Sweden weighed in at approximately 24 grams of pure gold. At Auction of course it would be much more valuable because of the historical and sentimental value along with the precious metal.

1%. Believe it or not, an Olympic gold medal is only 1.34% gold. It's actually mostly made of silver.

The Olympic gold medal is awarded for coming first in an Olympic event. It looks like a small golden circle.

The gold medal is 92.5% silver plated with 6 grammes of gold.

You can have 99.999% pure gold, but the gold medal is gold plated over silver.

The US Olympic committee pays $25,000.00 to gold medal winners.

The medal is silver with a 6 gram coating of gold.

The Olympic gold medal must be coated with no less than 6 grams of 24-carat gold.

The 2004 Olympic gold medal team was from Cuba. The 2008 Olympic gold medal game will be between Cuba and South Korea.

Great Britain won the gold medal for Alpinism at the 1914 Olympic games.

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