How A lot Is an Olympic Gold Medal Truly Value?

How A lot Is an Olympic Gold Medal Truly Value?

The medal counts are ticking up, with dozens of golds awarded up to now to international locations together with Slovenia, New Zealand, Germany and China.

However how a lot is a gold medal price?

Based on the Worldwide Olympic Committee, gold medals are required to be a minimum of 92.5 % silver, and are plated with about 6 grams of pure gold.

A spokesman from the Beijing 2022 committee confirmed that this yr’s gold medal follows these laws. That works out to be $758 price of gold and silver in these medals, in line with Philip Newman, a founding accomplice and managing director of Metals Focus, a London-based analysis agency.

Ultimately yr’s Tokyo Video games, the gold medals, which once more had been predominantly silver with solely about 6 grams of pure gold, had been price about $800 in gold and silver.

Although the medals carry sentimental worth, athletes by means of the years have offered their medals, citing monetary hardship or to lift cash for charities.

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