Here’s how much a Paris Olympics Medal costs:
The medal would be valued at approximately $41,161.50 if made entirely of pure gold, but Paris Olympics costs less!
The 2024 Paris Olympics are underway, with athletes vying for the coveted gold medal. While the prestige of winning gold is unmatched, the actual monetary value of the medal may surprise you. According to Wealth, a 2024 Olympic gold medal costs approximately $950. Each medal consists of 500 grams of silver, coated with only 6 grams of gold, and designed by renowned French jeweler Chaumet. The medals feature intricate details reflecting French heritage and the Olympic spirit, but their value is lower than you might think.
The medal would be valued at approximately $41,161.50 if made entirely of pure gold. However, Olympians value their medals beyond monetary worth, as the effort and dedication required to achieve such a feat render the medals invaluable to the athletes. Interestingly, the iron used in the medals is sourced from the Eiffel Tower. According to Oxford Economics, the actual value of the Paris 2024 Olympic gold medal is estimated at $1,027, with silver and bronze medals worth $535 and $12, respectively. While the monetary value is significant, it pales in comparison to the honor and achievement represented by these medals for the athletes who earn them.
