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Insuring Olympic Gold Medals: How Much Are They Worth

International News • August 25, 2008
The Olympic Games have concluded their run in Beijing. The 302 Gold Medal winners are returning to their respective countries to reflect on their experiences and their achievements. China is ...

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Subject: RE: RE: RE: RE: RE: So whats it worth>?

Posted On: August 25, 2008, 2:16 pm CDT
Posted By: Google Knows Everything
Comment:
Olympic gold medals vary from year to year but generally weigh approximately 250 grams. They are not actually pure gold but rather silver coated in no less than 6 grams of gold giving them an actual make up of 244 grams of silver and 6 grams of gold, roughly. At current gold and silver prices (August, 2008) this means the actual value of the gold and silver making up an Olympic gold medal is approximately $300. However, the rarity of an Olympic gold medal means that its actual value far exceeds the value of the metal required to make it. For example, in 2005 Olympic gold medal winning swimmer Otylia Jedrzejczak auctioned off her Olympic gold to raise money for a Polish children's hospital, the medal sold for $101,500.
Subject Posted By Posted On
RE: So whats it worth>? Leo Oaks
May 10, 2009, 12:49 am
RE: RE: RE: RE: RE: RE: RE: So whats it worth>? InsIsMyPassion
Sep 2, 2008, 7:48 am
RE: RE: RE: RE: RE: RE: So whats it worth>? Shrinivas Shikhare
Sep 2, 2008, 5:44 am
RE: RE: RE: RE: RE: So whats it worth>? Google Knows Everything
Aug 25, 2008, 2:16 pm
RE: RE: RE: RE: So whats it worth>? Mike
Aug 25, 2008, 2:11 pm
RE: RE: RE: So whats it worth>? Jeff
Aug 25, 2008, 2:04 pm
RE: RE: So whats it worth>? Sandra
Aug 25, 2008, 1:54 pm
RE: So whats it worth>? not worth it
Aug 25, 2008, 1:15 pm
So whats it worth>? Mike
Aug 25, 2008, 11:10 am
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