The 2024 Paris Olympics starts on July 26, 2024. Thousands of athletes from many countries compete to earn the most desired gold medals for their nation. Though the value of the gold medal can’t be determined with pride, dedication, and emotion, in this article we will discuss on how much the 2024 Paris Olympics Gold Medals are worth in money.
The Worth of Olympic Gold Medals:
The value of the Olympic gold medals has changed over time, depending on the price of gold in the market. The weight of the Paris Olympic gold Medal is 529 grams. So, according to the current value of gold, the value should be $41,161.
However, the most interesting fact is that only 6 grams of the medal are made of gold, and others are made from silver and iron. Silver occupies 95% of the total medal, only the plating of the medal is made of gold. the Paris Olympics 2024 Gold medal is worth approximately $950.
The Value of the Paris Olympics Silver Medal:
The silver medal weighs 525 grams. Like the gold medal, the majority of the medal is made of Silver, without any gold coating. An extra 18 grams of iron is used to complete the medal. The Iron comes from the Eiffel Tower. So, the value of the Silver medal this year is approximately $480.
Olympic Bronze Medals Worth:
The worth of the Olympic Bronze medal is very low, due to the materials used to make it. The medal weighs of 455 grams, most of which are made of Copper. There is also some mixture of Zinc and iron. As of 2024, the value of the bronze Medal should be $13 only.
What are the Auction values for Olympic Medals?
If we see the worth of the Olympic medals based on the amount of materials, it won’t cross 41000 for the gold one. But, it will be hard for you to imagine that Jesse Owens’ 1936 Olympic gold medal was sold for $1.4 Million in an auction in 2013. Wladimir Klitschko’s gold medal was also sold for $1 Million in 2012.