What Is The Value of The 2024 Olympic Gold Medal?

It was recently revealed on a recent episode of Shannon Sharpe and Chad “OchoCinco” Johnson‘s “Nightcap’ that gold medal winners from the United States take home $37,000 when they win in their perspective sport. Now we are finding out the worth of that gold medal.

According to Forbes, based on the current price of gold as of July 24, the precious gold medal Olympian athletes take home is worth approximately $950. That also includes materials that are used for the medal. The media outlet states that, due to record-high prices for the precious metal, this is the most that a gold medal has been worth.

The approximate value of $950 beats the value of the $708 that was placed for the gold medal for the 2012 London Olympics.

Although it’s labeled as gold, more than 95.4% of the medal is actually made of silver. The price of a gold medal if it were made purely of gold would substantially raise the value of the medal to approximately $41,161.50. The last time that Olympic gold medals were 100% gold was in 1912.

In terms of how much the medal weighs, it is 529 grams. Silver makes up 505 grams, while six grams consists of pure gold, which serves as the plating for the medal. The remaining 18 grams contain iron.

In comparison, the silver medal comes in just a sliver under 529, weighing 525 grams. The medal is made with 507 grams of silver and 18 grams of iron. The current value of the silver medal is approximately $486. The bronze medal is a bigger difference as it weighs 455 grams. No silver is incorporated in the bronze but its makeup is 415.15 grams of copper, 21.85 grams of zinc, and 18 grams of iron. The value of a bronze medal pales in comparison to the other medals and is approximately a paltry $13.

The iron included in the medals is no ordinary iron. The iron is specifically made from the iron from the Eiffel Tower, the universally recognized symbol of Paris and France.

The size of the medals are all 85 millimeters across and 9.2 millimeters thick.

What Is The Value of The 2024 Olympic Gold Medal?