Question: How Much Is an Olympic Gold Medal Worth?
The Olympic gold medal is extremely valuable, both in terms of its precious metal value and its historic value. Here's a look at how much the Olympic gold medal is worth today.
Olympic gold medals haven't been made from solid gold since the 1912 Stockholm Games, yet they remain valuable in terms of their metal content because they are 92.5% silver (sterling silver), plated with at least 6 mm of gold. The remaining 7.5% is copper.
Value of the 2012 Summer Olympics Gold Medal
The estimated value of a gold medal awarded at the 2012 Summer Olympics is $620.82 (as of August 1, 2012). Each gold medal contains 6 grams of gold, valued at $302.12, and 394 grams of sterling silver, valued at $318.70.
Comparison of Gold Medal Values
The gold medals awarded at the 2012 Summer Olympics are the heaviest medals to date, weighing 400 grams each. Yet, some earlier medals are worth much more because they contained more gold. For example, the 1912 Stockholm Olympics gold medals (solid gold) would be worth $1207.86. The gold medals from the 1900 Paris games would be worth $2667.36.
Worth More Than Its Gold
Gold medals are not worth their weight in gold, but they do command high prices when placed up for auction, typically exceeding the value of the metal. For example, a gold medal awarded to the 1980 Olympic men's hockey team garnered a bid in excess of $310,000.
What Are Olympic Medals Made Of?
Are Olympic Gold Medals Real Gold?