Team USA can make a lot of cash from their gold medals.
If you’ve watched the Olympics, you may have wondered to yourself: Are Olympic medals real gold? And if they are, how much is an Olympic medal worth if an Olympian chose to sell theirs? We break down those answers ahead.
Gold medals, however, weren’t given until the 1904 Summer Olympics in St. Louis, Missouri, which started the three classes of medals we know today: gold for first place; silver for second place; and bronze for third place. Though the design of medals has varied since the 1896 Olympics, for the most part, the design selected for the 1928 Olympics remained for more than 70 years until it was redesigned at the 2004 Olympics in Athens.
Silver medals, on the other hand, are made of pure silver, while bronze medals are 95 percent copper and 5 percent zinc. The shape of medals is usually circular with an attachment for a chain or a ribbon. The minimum diameter is 60 millimeters, and the thickness is a minimum of 3 millimeters. Medals should weigh between 500 and 800 grams . Gold medals weighing about 556 grams in total, while silver medals weigh 550 grams and bronze medals weigh 450 grams.
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