Olympic Games Medals Cost Less Than You Think:
Getting a medal at the Tokyo Olympics has a very high cost, in terms of effort, sacrifice, and hours of training in each of the disciplines to compete against the best athletes and sportsmen in the world.
However, the value of the medals of the Tokyo 2020 Olympic Games (or 2021, since they were finally held this year), is not as high as we might imagine a priori.
Although some athletes throughout history have sold their medals for a high price, this is due to their symbolic value, beyond their “metal value”.
Any top-level athlete will tell you that its value is incalculable, for the cost in terms of effort.
Others, like the double Olympic gold medallist Alberto Fernández and Fátima Galvez even ironically say that “we will surely sell the medals at a Burger King”, due to the difficulties of making a professional career and making a living in their clay pigeon shooting discipline.
Looking for a middle ground and paying attention to the details that allow us to assess the value of the Olympic medals, first, it should be noted that the medals to the winners have not always been gold in the Olympic games, in the past, the first classified received a medal silver and bronze seconds.
What Material Are The Olympic Games Medals Made Of?:
During very few editions, starting in 1904, the gold medals for the winners were really solid gold. However, this situation changed from the year 1912 (before the First World War) until today, where the medals that we find are actually silver with gold coverage.
How Much Would A Solid Gold Medal Cost Today?:
If the tradition had continued and the winners received a solid gold medal, the estimated price of each gold medal would be around 7,500 euros (based on the current price of gold).
Currently, the medals are made up of just over half a kilo of silver (550 grams) covered by 6 grams of gold. So, its market price/cost, without taking into account its symbolic charge, would be around € 700
The prices and value of the medals fluctuate with the price of gold and silver, that is, if the price of gold and silver rises, so will the value of the medals.
So, in the future, its value could be higher or lower depending on these oscillations.
In Which Olympic Games Has Spain Won The Fewest Medals?:
Spain has not historically been characterized as one of the great powers of sport at the Olympic Games. Up to 4 times he has returned empty-handed in the Olympic medal table throughout the 20th century.
Paris 1924, Melbourne 1956, Tokyo 1964, and Mexico 1968 were Olympic games to be forgotten since Spain returned with the medal table to zero.