How much gold medal at the Olympic Games?

Olympic gold medal is always the goal and desire to conquer thousands of athletes participating in the Olympic Games. It is both a pride of both a country and a great honor in the career of every athlete.

Olympic medals are awarded every two years. When the song of the national anthem is played, the tears of joy of the campaign fall, the camera often turns directly into the medals. What is special is that there is only one gold medal and of course the viewer will wonder: "How much is the value of those medals?"

Like other things, the real value of the gold medal depends on the views and thoughts of each person. The gold medal value for organizers is much different from the athletes who have tried their best to win. How much a collector is willing to pay for a medal - is completely different from paying for other items. Like how much metal medals are worth if they are melted.

The important thing here is that there are many different ways to value the Olympic gold medal. Let's explore with us.

If it is melted, the medal is only worth about: $ 501

Why is that? This is because the value of each item depends on each condition and its status, especially the gold medal. According to Time magazine, " The gold medal value of Olympic Games is no exception. For each time period, each medal will be made of different sizes. The value of the gold medal at the Olympics remains the same, but when it is melted it is only worth about $ 501 ".

The first and simplest way to calculate the value of the Olympic gold medal is the value of gold used to make it. Since the games were held in Mexico in 1968, medals were estimated at 65.8 mm in diameter, 6.5 mm thick and weighing 176.5 g. The medal weight of London is the largest around 375g to 400g.

But not every gold medal is made of pure gold. Each gold medal is made only about 6g 24k gold and the rest is pure silver. ("Pure silver" means 92.5% is silver, the rest is copper.) With the current gold price, the value of a gold medal is only about $ 366. Recently, London's gold medal is bigger and worth $ 501. (Gold price in 2012 is high, so London's gold medal was then worth about $ 777.)

What if the gold medal is made of pure gold? If so, then this particular gold medal will weigh approximately 1.52kg and is worth about $ 76,000 with the value of pure gold.

Values ​​for collectors: from $ 10,000 to over $ 1 million

Hundreds of gold medals were awarded in each Olympic Games period and it was inevitable that some athletes would sell the medals they achieved. Some information said: "These medals are really valuable to those who want to buy it".

The USA Today newspaper posted: " It is very disgruntled that the medals are held for auction. The Boston auction office used to sell a lot of gold medals and the average price of a" normal "gold medal. Athletes who are not well known for content such as archery or water polo are about $ 10,000.The old medals are rarer so they can be sold more easily.View data information stored at the RR auction for only a month One year 2016 sold 4 gold medals, each of which is priced from $ 47,746.83 for a gold medal at the 1924 Winter Olympics in Chamonix to $ 10,114.83 for a gold medal in the Summer Olympics. 1956 was held in Melbourne ".

If a gold medal is " publicly " golded according to the standard of six or more gold coins, then their value is completely different and the auction price can be multiplied. The gold medals that are the only one of athletes Jesse Owens - who won four consecutive times in 1936 sold for $ 1.47 million in 2013. One of the " Miracle on Ice " medals of the 1980 US military team is expected to cost between $ 1.5 and $ 2 million, but it was not sold in the first auction this summer.

Value of time and training process: $ 100,000 +

Another way to determine the value of a gold medal is the cost they spend to have a chance of winning. " Fairy " stories about the Hollywood Olympics often have huge budgets. Especially about professional skills such as professional training, training and equipment - all very expensive.

In the previous Olympic Games, the New York Times reported: " American swimmer's parents - Missy Franklin has to spend $ 100,000 a year to practice this sport. Bobby Lea - athlete Cycling at the Olympics has also poured thousands of dollars for a chance to stand on the ring platform . " Former speed skater - Eric Flaim replied to MarketWatch newspaper saying: "Your family must spend at least $ 250,000 but you only get two silver medals ".

For each sport, athletes and their families have to "invest" many different necessary expenses and it is difficult to calculate the average annual cost because the difference between them is very large. . They spend all their time training, sacrificing their study and work time, missing out on many good opportunities, necessary skills as well as many years of work experience to earn income later.

Even if the average cost can be calculated, what has gone through has become meaningless. Because, you cannot be sure that your name will be on the list of athletes participating in the Olympic Games, let alone stand on the podium or achieve the highest position. Although every family tries to support athletes to win the gold medal, thousands of people do not have the opportunity to participate in the Olympic Games. Even if that Olympic athlete's child is fully supported by the state, it cannot be sure to win the Olympics. In short, all the money spent on training, coaching and competition is equivalent to a lottery ticket of great value.

Bonus value: $ 25,000 +

Jesse Owens once said: " I have four gold medals but I cannot 'eat' those four gold medals to live ," so Owens tried to make money from horse races and talk about the intended achievements. will be achieved in the future. You will never be as it is today without thanks to fame and glory, what you earn - all from those medals.

Today, the US Olympic Committee awards a check for $ 25,000 to US athletes who win gold medals. But that is just the start of that athlete when he won the gold medal.

Each medal is tied to the history of the game, depending on the sport and the athlete competing as the medal in the shooting competition content - the medal is awarded to the winners. The gold medal of a popular sport is worth millions of dollars, many contracts are signed and more.

The gold medal is the highest peak in the Olympic Games, but more than 301 gold medals were cast in London in 2013. Each victory carries a different story, so it cannot be priced accurately. for it to be.