Sports

How A lot Is an Olympic Gold Medal Truly Value?

The medal counts are ticking up, with dozens of golds awarded up to now to international locations together with Slovenia, New Zealand, Germany and China.

However how a lot is a gold medal value?

In keeping with the Worldwide Olympic Committee, gold medals are required to be not less than 92.5 p.c silver, and are plated with about 6 grams of pure gold.

A spokesman from the Beijing 2022 committee confirmed that this yr’s gold medal follows these rules. That works out to be $758 value of gold and silver in these medals, in response to Philip Newman, a founding companion and managing director of Metals Focus, a London-based analysis agency.

At last year’s Tokyo Games, the gold medals, which once more had been predominantly silver with solely about 6 grams of pure gold, had been with value about $800 in gold and silver.

Although the medals carry sentimental worth, athletes via the years have sold their medals, citing monetary hardship or to lift cash for charities.

https://www.nytimes.com/2022/02/10/sports activities/olympics/gold-medal-price-value.html How A lot Is an Olympic Gold Medal Truly Value?

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