Olympic gold medals have some gold in them, but they’re mostly made of silver. According to the International Olympic Committee (IOC), gold and silver medals are required to be at least 92.5 percent silver. The gold in gold medals is in the plating in the outside and must consist of at least 6 grams of pure gold.
Why are Olympic gold medals not pure gold?
Gold medals are not pure gold – that would make them too soft. Instead, they’re pure silver, with six grams of gold plating per medal. Gold and silver are both very stable elements, with neither reacting with air, but gold is even more stable than silver.
What are the Olympic medals made of?
Olympic gold medals are required to be made from at least 92.5% silver, and must contain a minimum of 6 grams of gold. All Olympic medals must be at least 60mm in diameter and 3mm thick.
How much is an Olympic gold medal worth 2020?
Olympic gold – The gold medal contains 550 grams of silver ($490) covered in 6 grams of gold plating ($380). That puts its monetary value at about $870. Olympic silver – The silver medal is made of pure silver. At the 2020 Olympics, the medal weighs in at about 550 grams, and its value is about $490.
How much do Olympic athletes get paid for a gold medal?
Heading into Tokyo, our athletes are rewarded $20,000 for gold, $15,000 for silver and $10,000 for bronze, which is largely consistent with the 2016 Games in Rio.
Is a gold medal 100% gold?
Traditionally, Olympic gold medals are required to be made from at least 92.5% silver, and must contain a minimum of 6 grams of gold. … During the first modern Olympics in 1896, first-place athletes were crowned with an olive wreath and awarded a silver medal.
How much is an Olympic silver medal worth?
The silver medals awarded at the Tokyo Games are made from pure silver and weigh 550 grams, which works out to about $450, according to Mr. Newman, who said that bronze medals would be worth significantly less. They contain red brass, which is 95 percent copper and 5 percent zinc.
Why do Olympians bite their medal?
Biting metal is a tradition
Many years ago, biting metal—any metal, not just medals from the Olympics—was a way to test its authenticity. During the California gold rush in the late 1800s, people would bite into gold to test if it was real. The theory was that pure gold is a soft, malleable metal.
How much do Olympic medals cost?
Aussie athletes are rewarded $20,000 for a gold medal, $15,000 for silver and $10,000 for bronze. As such, Aussie swim hero Emma McKeon leaves Tokyo with $110,000-worth of medals around her neck.