What's the real value of a gold Olympic metal, in dollars or English pounds?

Question

What's the real value of a gold Olympic metal, in dollars or English pounds?

Answer 1

It's valued in 'Sweat equity' by the Recipient.

Answer 2

I saw a reference that said someone sold their Olympic medal for $80,000 and donated the money to charity.   I don't remember when that was.

Of course the real value of an Olympic gold medal is that it's priceless.

Grandpa

Answer 3

WikiAnswers put it at http://wiki.answers.com/Q/What_is_the_va...

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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.

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But the endorsement deals the athlete can get after winning the gold can translate to millions of dollars in terms of income. The rarity of the accomplishment allows the athlete deals, special endorsements, branding, etc. that can be translated to a lucrative career long after the Olympic medal was won