What Is A Olympic Gold Medal Worth?

The Value of a Gold Medal

The true value of a gold medal depends on your point of view. The organization that gives medals may be different from the individual who wins them. How much a collector is willing to pay for a medal is not the same as how much metal it would be worth if melted down.

The easiest way to calculate the value of a gold medal is to figure out what the metal is worth if it were melted down. The medals have averaged 65.8mm in diameter, 6.5mm in thickness, and 176.5 grams in weight. London's was the largest at between 400 and 375 grams.

It's not easy to calculate an average expenditure for a sport, athlete, or family due to the huge amount of investment needed. Training full time, sacrificing studies and jobs, can have huge opportunity costs as well, as missing out on necessary education and prime years of work experience take tolls on later earnings. Even if an average cost could be found, a second factor would make it meaningless since you can't guarantee a spot on an Olympic roster.

Thousands of families never get to see the Olympics because they are too far away. A child of Olympians furnished with full support of the state can't guarantee a stuck landing. The money spent on training, coaching, and competition is the equivalent of a really expensive lottery ticket.

The prestige of a medal depends on the sport and the back story of the event, just as there is a wide spectrum for a medal with history versus one earned in an overlooked skeet shooting competition. A gold medal in a popular sport can mean millions of dollars in endorsements. A gold medal will not be earned in a small niche community if sports without vibrant business models and followings are not present.

Games with a Different Design of the Olympic Medals

Each game has a different design of the medals. The gold, silver, and bronze medals for the 2020 Tokyo Olympics were designed by Junichi Kawanishi, the director of the Japan Sign Design Association. The medals should feature the Greek goddess of victory, the official name of the Games, and the Olympic five rings symbol, according to the regulations of the International Olympic Committee.

The gold medal is made from pure silver and weighs 556 grams. Participants can make at least $800 if the melted down. The silver medal is worth $450.

CNN says the medal may be sold for $5. Pawn shops and auction houses are where Olympic medals are being sold. Some athletes say they were selling their medals to raise money for charity, while others say they were doing it to make ends meet.

The 2020 Tokyo Olympics: How Much is the Value of a Games?

The medals for the 2020 Tokyo Olympics were made from recycled electronic devices. The medals were designed by Junichi Kawanishi, director of the Japan Sign Design Association, and were made from small electronic devices. The 2020 Tokyo Olympics medals were the first to involve citizens in the production of medals and were made using recycled and sustainable metals.

So much is the value of the Olympics? You may think that it's more than that. CNBC says that gold medals at the 2020 Tokyo olympics are worth $820 due to the inflated prices of metals.