Quick Answer: How Much Is An Olympic Medal Worth?

Has anyone ever sold their Olympic medal?

Mark Wells, U.S.

He sold the medal to a private collector, who in turn sold it through an auction house for $310,700 in 2010..

Do Olympic winners get money?

The International Olympic Committee doesn’t give prize money, but many countries reward their medalists with a bonus. U.S. Olympians, for example, earned $37,500 for each gold medal won this year, $22,500 for each silver and $15,000 for each bronze. … Winners also bring home the actual medal, too.

Why do they bite the gold medal?

Why Olympians Bite Their Medals Here’s the deal: Because gold is softer and more malleable than other metals, one way to determine whether or not something is real gold is by biting into it — if it’s authentic, your teeth will leave an indentation.

How much do Olympic medals sell for?

They are mostly silver. Winter Olympic medals are rarer because there are fewer athletes and events. They can range from about $10,000 to more than $30,000. Extra medals are made in case of ties or to be given to dignitaries.

Is the Olympic medal real gold?

Each Olympic gold medal is made up of 210g of silver and is coated with 6g of 24 carat gold. The bronze medals are made of copper, zinc, tin, and a very small amount of silver.

How much is a bronze Olympic medal worth?

As scrap, the medals may be worth close to $600, but they will go for far more at auction. According to time.com, gold medals can sell at auction for $20,000-$50,000, while silver medals go for $10,000-$30,000 and bronze go for less than $10,000.

How much is a 1912 Olympic gold medal worth today?

11 At the time, the average price for one ounce of gold was roughly $18.93 and the weight of the 1912 Stockholm Olympic gold medal was about 24g (0.85 ounces). 1213 The cost of a solid gold Olympic medal was approximately $20.40 in 1912. Adjusting for inflation, today it would have cost $542.

Are war medals worth money?

A medal, especially one that has been in your family for generations or was given to you by a person you care for, can be priceless. Therefore, this value cannot be measured in terms of money.

What is Michael Phelps worth?

approximately $80 millionThroughout the years, he’s signed endorsement deals with the likes of Subway, Speedo, Wheaties, Visa, Under Armour, and Omega. According to Celebrity Net Worth, Michael Phelps is worth approximately $80 million.