HOW MUCH IS 2008 OLYMPIC GOLD MEDAL WORTH IN US DOLLAR?

Question

HOW MUCH IS 2008 OLYMPIC GOLD MEDAL WORTH IN US DOLLAR?

Answer 1

Each countries gold medalists get different awards for each of there medals. When I was watching the opening ceremony the commentators said how much each medalist will get for there medals.

Gold Medals $90,000-$150,000US

Silver Medals $40,00-$60,000US

Bronze Medals $15,000-$30,00US

These are all varied by the country  

Answer 2

It depends on what you mean by 'worth.' Do you mean the price it would fetch on eBay? Depends on whose medal it is. Do you mean the spot market value of the gold portion of the medal? About $215 if gold is selling at $806 dollars an ounce. A polish swimmer sold their gold medal on eBay for about $82,600.

Answer 3

For Michael Phelps, it's $125,000 each. (Speedo will pay him $1 million for winning 8 golds)

But for actual medal 'metal' costs, prices are perhaps:

~$300 for gold

~$200 for silver

<$150 for bronze

However, they'd be worth more this year since they have a valuable jade ring in the middle.

But this website has interesting info:

http://www.bargaineering.com/articles/pr...

"If we price gold at $540 an ounce, or $19.08 a gram. Six grams would cost $114.48. If we figure the medals are at minimum specifications, then there would be 74 grams of silver (the other 92.5%) which would cost about $9.10 per troy ounce, or $0.32 a gram, for a silver price of $23.76. That puts the price of the precious medals in an Olympic gold medal at $138.24. Olympic silver, at 80 grams of pure silver, would cost $25.60. But who only makes a minimum sized Olympic medal?

The Salt Lake City medals weighed a hefty 20 ounces (heaviest ever to that point), or about 560 grams, for a price tag of about $291.76 for gold (554g of silver for $177.28 plus 6g of gold for $114.48) and $179.2 for silver..."

Answer 4

I'm pretty sure they wouldn't want to sell it but if they did it'd be worth in the THOUSANDS. It also depends on which event it was won.

But if it was just GOLD. Not an Olympic GOLD MEDAL... It'd be like $500..

Answer 5

$220.00 it sux, you would think it would be worth at least a little more than that