What’s the Value of Paris Olympic Gold and Silver Medals?

The following article by Mike Maharrey was originally posted on SilverSeek.com (see here) and has been slightly edited for the sake of clarity and brevity by the editor of munKNEE to provide the reader with a faster and easier read.

• ….Gold medals awarded at the 2024 Olympics contain only 6 grams (.21 ounces) of gold plate covering 523 grams (18.44 ounces) of silver.
• Silver medals are pure silver, weighing in at 525 grams.
• Bronze medals weigh 455 grams and are made of a composite of copper, tin, and zinc and

…have a unique feature – a piece of iron from the Eiffel Tower. According to the New York Times, “When the Eiffel Tower underwent renovations in the 20th century, they preserved pieces of the original iron and kept them in storage. Those chunks make up the hexagon figure in the middle of the Olympic gold medal.”

How Much Are Olympic Medals Worth?”

…According to Oxford Economics,

• a gold medal is worth about $1,027. (Not factoring in the fact that it’s hard to put a value on the iron from the Eiffel Tower.)
• the silver medal is only valued at $535 [and]…
• the bronze medal [is worth] a paltry $4.60.

According to Olympic records, medals of pure gold were only handed out twice – the first time during the St. Louis Games in 1904 and then during the London Games in 1908. The medals were much smaller back then, and the average price of gold in 1904 was a mere $18.96 per ounce….