How much is an Olympic gold medal worth?

Discussion in 'Gold' started by Black_Sun, Apr 14, 2012.

  1. Black_Sun

    Black_Sun New Member

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    Apr 7th 2012 | from the print edition


    THE gold medals that will be awarded in London this year will be the biggest and heaviest handed out at any summer Olympics. At 400 grams (14 ounces), the equivalent of having a large tin of baked beans hanging round your neck, they will be more than twice as heavy as the average of the previous five games, and almost 17 times heavier than at the 1912 Olympics in Stockholm.

    On the other hand, the 1912 games were the last one where gold medals were made entirely of gold. Now they consist mainly of silver with a thin coat of gold. Winners in London are advised not to bite too hard on their medals, as they will have a gold content of only about 1.5%.

    [read the full article at http://www.economist.com/node/21552218]
     
  2. Aengrod

    Aengrod Member

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    Gold medal made out of silver? :D hahahahahahaha
     
  3. Nugget

    Nugget Well-Known Member Silver Stacker

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    I read that someone that won a gold medal let everyone who asked touch it. The Gold wore off. Maybe the Silver medal is 100mills over bronze?
     
  4. revlisify

    revlisify Member Silver Stacker

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    Excerpt from Wiki:

    - First place: It is composed of 550 grams of silver (at least 9251000 grade) covered with 6 grams of pure gold (worth approximately $494).
    - Second place: It has the same composition as the first place medal without the gilding (worth approximately $260).
    - Third place: It is mostly copper with some tin and zinc (worth approximately $3).

    Despite claiming the heaviest Olympic medal, the 2010 Vancouver winter Olympic actually awards medals weighing 500-576g, more than the 2012 London's 375-400g

    http://en.wikipedia.org/wiki/Olympic_medal#Individual_design_details

    Source:wiki
     
  5. errol43

    errol43 New Member Silver Stacker

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    Many times I have wondered what they were made of? Now I know.

    Ah what you learn on SS..

    Regards Errol 43
     
  6. JulieW

    JulieW Well-Known Member Silver Stacker

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    But the officials get 'gold' all the way. It's a coin toss which is more corrupt Formula One racing or the Olympics circus.
     
  7. dragafem

    dragafem Well-Known Member Silver Stacker

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    I dont think it is fair.It should be pure gold! Why? As you probably know there is no price money involved with any place at the Olympics. The only contribution they get it is coming from their country if they placed in the first 6,if any. What they get for sure is RESPECT and FAME!
     
  8. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    100 mills OLYMPIC GOLD MEDAL. GREAT INVESTMENT.
     
  9. Ozboy

    Ozboy Active Member

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    Spot.
     
  10. Nugget

    Nugget Well-Known Member Silver Stacker

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    Maybe the Silver medal is German silver?




    I'd be all :lol: except the scammers surely are making money so I'm all :mad:
     
  11. Byron

    Byron Guest

    True, no medals or money at the ancient Olympics.

    Simply an olive branch wreath, glory and the respect and awe of their fellow man.
     
  12. ShinyStuff

    ShinyStuff New Member

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    I don't think that is true.. the Aust Olympic Committee gives bonus payments to all 1st 2ns and 3rd place winners. Something like $10,000 for 1st... but I think it has gone up.
     
  13. Nedsnotdead

    Nedsnotdead Active Member Silver Stacker

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    I think they got cars as well if they got gold in the past
     
  14. Argentum

    Argentum Well-Known Member

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    imagine if a stacker trained only to get his hands on that gold medal and now he finds outthis
     
  15. Matthew 26:14

    Matthew 26:14 New Member

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    You can add FIFA to that list.
     
  16. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Imagine an Athlete at the Olympics, right before he is handed the Gold Medal, takes the microphone and hands it back to them saying he wants to be paid in the 1912 Stockholm Olympiad
    gold medals.

    that 'd be somethn !
     
  17. Argentum

    Argentum Well-Known Member

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    or says can i have fiat please i dont like pm lol
     
  18. BBQ

    BBQ Member

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    Great article. Makes all the toil of competing to be your best for multi-million dollar corporations all the more hollow.
     
  19. BBQ

    BBQ Member

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    Or soccer :) Or any popular sport for that matter.
     
  20. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://blogs.metro.co.uk/news/taint...l-for-endurance-on-their-vip-route-to-london/

    They disgust me.

     

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