How Much Are The Raw Materials For The Olympic Medals Worth?
athletes would never sell their medals, so putting a price on them is not possible; however, some have auctioned them off and gotten as much as several hundreds of thousands of dollars. It depends on the athlete and the auction; some have auctioned them off for charity or to pay for medical expenses.
However, in terms of raw materials, a gold medal weighs 400g total, of which 394g is sterling silver, and layered on top with 6 grams of 24 karat gold plating. They have not handed out solid gold medals since 1912.
Though the raw materials fluctuate from day to day, this makes a gold medal worth roughly about $624 in terms of materials. A silver medal is made of 93% silver and 7% copper. It's worth about $330. Bronze medals are worth the least in terms of materials, being made of mostly copper, with small amounts of zinc and tin.
The design of this year's Olympics medals consists of two views:Front:
Nike, the goddess of victory, with Panathinaiko Stadium in the backgroundReverse:
The River Thames and the London Games logo with angled lines in the background.
Apart from the intrinsic value of the medals, the Olympics medal winners are also given cash awards, separate from the medals. These amounts are: $25,000 for gold, $15,000 for silver, and $10,000 for bronze.
Read more here: http://en.wikipedia.org/wiki/Nike_(mythology)http://en.wikipedia.org/wiki/Olympic_medals