Olympics 2012: How Much Is a Gold Medal Really Worth? (INFOGRAPHIC)

HOW MUCH OF THAT MEDAL IS REAL GOLD?
michael-phelps-gold
Olympics 2012: 5 Things
olympics-2012-the-scene-in-london
5 things you may have missed from Tuesday's games Read More »

Wouldn't we all want to have a shiny Olympic gold medal?

Record-breaking swimmer Michael Phelps is now a proud owner of 19 -- the most ever won by an individual athlete.

But, this year's gold prizes aren't worth as much as you may think.

How so?

The medals are the heaviest in Summer Olympic history, but that doesn't mean they're more valuable -- as illustrated in the below infographic from Lear Capital, a top precious metals company.

Olympic Gold Coins

Going for Gold Olympic Poster by Lear Capital Gold

In the chart, Lear gives a thorough breakdown of the size and value of Olympic gold coins compared to the general standards of gold -- all by showing what they would be worth during an auction.

You'll see that this year's 400g medal contains only 6g of actual gold -- worth $302.12 -- and 394g of sterling silver -- valued at $318.70. Thus, the grand value of a gold medal in 2012, combining gold and silver: $620.82.

The gold medals given at 1992's Barcelona Olympics would be worth only $484.12 right now.

Meanwhile, the ones from 1912's Stockholm Games were made completely from gold -- the last Olympics to hand out solid-gold medals. They would be worth $1207.86 today.

The Olympic medals are worth even more at a live auction.  For instance, a gold medal from a 1980 Olympic men's hockey team was auctioned for more than $310,000.

Do you think that the London Olympic winners are being skimped? Leave a comment below.

 

Discuss

Default avatar
 
celebuzz

Top Stories

Get the Scoop

Sign up for the daily Celebuzz Newsletter and stay in the know.