Wondering What Is The Value Of An Olympic Gold Medal?
Wondering What Is The Value Of An Olympic gold Medal?
The olympics 2024 edition is underway in paris and athletes, from all over the world, are aiming to offer their best performance in a bid to win the prized gold medal. While the gold medal is arguably the best possible outcome for an athlete, the top prize, understandably, holds an esteemed price in terms of monetary valuation. An instagram page named Wealth has now shared a sneak peek of the gold medal which the athletes are vying for in Paris. It has been reported that the cost of a 2024 Olympic gold medal is “approximately $950.” The now-viral post claimed that the 2024 paris Olympic “gold medal is primarily composed of around 500 grams of silver and coated with only 6 grams of gold.” The post went on to claim that the gold medal is designed by French jeweler Chaumet.
“The 2024 paris Olympic gold medal carries both historical and monetary value. Each gold medal is primarily composed of around 500 grams of silver and coated with only 6 grams of gold. Designed by the renowned French jeweler Chaumet, the medals also feature intricate details that symbolize French heritage and the Olympic spirit, but it’s actual value is not as high as you might think. Data: Forbes,” read the post shared by Wealth on Instagram.
The post even suggested that the gold medal “weighs 529 grams and 95.4% is actually made of silver. Only six grams consists of pure gold.” If the medal had been made of pure gold, it would have been valued at “approximately $41,161.50,” the instagram post claimed. As per Wealth’s update, the last time pure gold medals were presented was in 1912.
Reacting to it, one social media user commented, “Winning one is priceless though. You’re immortalised as the best in the world.”
Referring to viral shooter Yusuf Dikec’s achievements at the paris olympics, another person cheekily commented, “Almost 100% made of silver, that should be a crime, no wonder that Turkish guy went for silver instead of gold, he got 100% silver.”
“No wonder they bite their medals to see if it’s real gold,” read a hilarious response.“Wow, so the gold is really silver, the bronze is probably dried up dookie underneath,” an instagram funnily observed.
The USA and china have so far won 21 gold medals each at the 2024 paris Olympics. france and australia come next with each of them bagging 13 gold medals so far in the event.