How much is a gold Olympic medal worth?

As of July 29, gold was priced at $1,831 per ounce and silver was priced at $25.78 per ounce, according to Markets Insider and Monex.com. Under that calculation, an Olympic gold medal is approximately worth a whopping $810.

Can you buy a Olympic gold medal?

According to The New York Times, some Olympic medals have been sold for major dollars, and most of them have been obtained by prospective buyers through auction sales. Apparently, some Olympians have been putting their prized medals up for sale for years now. If not auctions, the medals can be found at pawn shops.

How much has an Olympic medal sold for?

The first-place silver medal from the first modern Olympics in Athens in 1896 sold for $180K. A silver medal in shooting from the 1900 Olympics in Paris recently sold for a mere $1,283.

Are Special Olympics medals real gold?

The medals are made of a metal alloy; silver medals are plated with nickel, and a small amount of gold is included in the plating for the gold medals. “We like to say they’re pure gold for anyone who earns them,” Lamprecht says.

Can you sell an Olympic medal?

Some former Olympians have resorted to selling their medals because of financial hardships or to raise money for charity. A silver medal in shooting from the 1900 Olympics in Paris recently sold for a mere $1,283.

Has anyone sold their Olympic medals?

Even Olympic Medals Can Be Had for the Right Price. Some former Olympians have resorted to selling their medals because of financial hardships or to raise money for charity. A silver medal in shooting from the 1900 Olympics in Paris recently sold for a mere $1,283.

Why do they bite the gold medal?

Photographers hound athletes to “bite” their medals. “It’s become an obsession with the photographers,” David Wallechinsky, president of the International Society of Olympic Historians, told CNN in 2012. Real gold is softer than human teeth and, therefore, would be left with a mark if bitten, according to CNN.