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“The value of a gold medal depends on the current market prices of silver and gold,” Stone explained. “Presently, 1 gram of gold is valued at $74.94, while 1 gram of silver is priced at $0.73.
Added to the $418 worth of silver underneath, an Olympic gold medal is worth $776.50. ... That’s when you see that an Olympic medal’s value goes beyond the weight of its constituent metals ...
With the current price of gold, this makes the top prize at most Olympic games worth only about $600, as compared to more than $20,000 for the solid gold medals of the past.
1 Troy Ounce 40 mm .999 Silver Emblem of the XXIX Olympiad, traditional paired Chinese dragon, name of People's Republic of China and the year 2008. I series 2006 10 Yuan Hoop Rolling 1 Troy Ounce 40 mm .999 Silver Emblem of the XXIX Olympiad, traditional paired Chinese dragon, name of People's Republic of China and the year 2008. I series 2006
2021: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €17,000. Silver medalists received €13,000, bronze medalists received €11,000 each. 2024: As a reward for their achievements, the gold medal winners receive Philharmonic coins worth €20,000. Bronze medalists received €14,000 each. [5] [6]
The $10 denomination coins have a gross weight of 48.600 grams while the $5 denomination coins have a gross weight of 24.300 grams. Each coin is 92.5% silver for a net silver weight of 44.955 grams (1.4453 troy ounces) and 22.478 grams (0.7227 troy ounces) of silver respectively. [4]
The plan was to have thirty coins: twenty-eight sterling (.925) silver coins with face values of $5 and $10, containing .723 Troy ounce and 1.44 Troy ounce of silver each respectively, and two gold coins.
As of July 24, the spot price is $2,397.50 per troy ounce. A troy ounce equals 1.097 standard ounces, or about 10 percent more, and it’s the standard measure for the weight of gold.
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