The Olympic medals
are designed especially for each individual Olympic Games by the host city's
organizing committee. Each medal must be at least three millimeters thick and
60 millimeters in diameter. Also, the gold and silver Olympic medals must be
made out of 92.5 percent silver, with the gold medal covered in six grams of
gold. The last Olympic gold medals
that were made entirely out of gold were awarded in 1912.
According
to CNN, gold medals aren't what
they used to be – monetarily speaking. The gold
medals being awarded at the London Olympics, starting Friday, are made of 93 percent
silver and just 1.34 percent gold. The rest is copper. That adds up to
$650 in meltdown
value.
The
silver medals (93 percent silver, 7 percent
copper) are worth about $335 and the bronze (mostly copper) less than $5. Of course, the medals have a monetary value but what is price of the sense of honor, accomplishment and knowing you did your best in London in 2012? Priceless!
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