How much does an Olympic medal cost?
At today’s prices that means the gold medal would be worth around A$1087 if you melted it down, while the silver would be worth about $611 and the bronze around $7.
How much do countries pay for Olympic medals?
The Australian Olympic Committee’s bonuses are on the low end among the countries that give them out—from about $7,000 for a bronze to about $15,000 for a gold, without the ability for an athlete to earn multiple bonuses for winning multiple medals—but the country is an Olympic power, finishing with the sixth-most …
How much money do you make for an Olympic gold medal?
At the Tokyo Olympics, American athletes will receive $37,500 for each gold medal, $22,500 for each silver medal and $15,000 for each bronze medal, according to the United States Olympic & Paralympic Committee (USOPC).
Do Olympians get paid?
However, most Olympic medal winners do receive a cash reward from their home Olympic committee. The US Olympic and Paralympic Committee pays members of Team USA $37,500 for each gold medal they win, $22,500 for every silver, and $15,000 for a bronze.
Do Olympic medalists win money?
While Australian athletes are promised $20,000 for a gold, $15,000 for silver and $10,000 for bronze, Singapore athletes can earn $1,005,000AUD for winning gold, even though swimmer Joseph Schooling is their only podium topper.