Search results
Results from the WOW.Com Content Network
“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.
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.
The answer is yes, partly, but that’s not the only reason they’re worth so much money. Read on to learn more. ... Added to the $418 worth of silver underneath, an Olympic gold medal is worth ...
First place (the gold medal): It is composed at least 92.5% of silver, plated with 6 grams of gold; the metal value was about US$494 in 2010. [19] [20] At the 2020 Summer Olympics held in 2021 in Tokyo, Japan, the medal at then-current prices was worth about $800. [21]
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]
This weighting values a gold medal as much weight as a silver and a bronze medal combined. In response to the 2008 controversy over medal rank, Jeff Z. Klein in a New York Times blog post proposed a 4:2:1 system as a compromise between the total-medals and golds-first methods. [37]
As the Tokyo Games begins, you may be wondering how much each medal is worth. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways ...
The last series of Olympic medals to be made of solid gold were awarded at the 1912 Summer Olympics in Stockholm, Sweden. Olympic gold medals are required to be made from at least 92.5% silver, and must contain a minimum of 6 grams of gold. [6] All Olympic medals must be at least 70mm in diameter and 3mm thick. [7]