Olympic Gold Medals Do Not Contain Mainly Gold
In the News
All that glitters is not gold, and that could not be truer concerning the olympic gold medals
You would think the medals the olympic winners receive would be valuable due to their gold content
But you would be wrong, they only have to contain 6 grams of gold
The rest of the medal actually contains silver
They are actually worth less than £700 going by their metal content
The good news is the silver and bronze medals contain 100% , both silver and bronze respectively
But value wise a silver medal is less than £300 in valuable metals while the bronze is worth around £5, which surprised me most
Of course these values do not reflect how much they are worth to the athletes or for collectors , it would be far more
Plus this year each medal has an actual piece of the eiffel tower attached to the front of it
Fingers crossed team GB bring back many regardless of their worth
www.ladbible.com/news/sport/olympics-gold-medal-how-much-worth-974341-20240716
I did watch the opening ceremony of the olympics, that was long and they explained and showed how the medals were made. The commenter was worried where they got the pieces of the Eiffel Tower from, is there now a hole!
This is common knowledge and I don't think it matters as it is what they signify that is important. And on the bright side less of a temptation to steal
I always knew they wasn't real gold or silver, you can bet the bronze medal is bronze lol
This is a rather deflating suprise Tel. I would expect that they would have a resell worth of a lot more than that. Goodness know if these athletes fell on bad times they might at least be able to consider selling off their prizes.
EmmaWright762 I think if they did decide to sell a medal through necessity they would get far more than their metal content E, its the history or the victory that increases a medals value
You see this with war medals , collectors pay thousands for some of these and i would expect the same for olympic medals, both parties are heroes for different reasons
Here's an example for a war medal
While the Victoria Cross is priceless in terms of its historical and symbolic value, the highest price ever paid for a Victoria Cross at auction was £1.5 million (approximately $2.02 million USD) in 2017. The medal, awarded to First World War pilot Captain Albert Ball, was sold by his family to a private collector
telmel I do hope you're right telmel. As much as sport is not really my thing these days I'm sure these medals are kept and handed down. It would be nice to think that they could get a decent renumeration for them.
I always just took it for granted that they were gold but i suppose to make all those medals would cost a fortune so makes sense it’s not solid gold
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