How much does an Olympic gold medal weigh?
Gold: 586 grams
Silver: 580 grams
Bronze: 493 grams
How much are Olympic gold medals worth?
Since these aren't hunks of solid gold, the medal's raw value may be a bit lower than you expected. Terry Hanlon, president of Dillon Gage Metals, revealed to CoinWeek that if you add up the value of the silver and gold present in an Olympic gold medal the value is roughly $577.41.
Obviously medals are worth more than their literal weight in gold. There's a lot of sentimental value in these trophies, and they aren't sold very often. When they are, their value depends on the athlete and event and the story behind them. For instance, one of Jesse Owen's medals from the 1936 Olympics in Berlin sold for $1,466,574. That's clearly an outlier, but it gives you some sense of how much these mean to collectors. Medals from the Winter Olympics actually tend to fetch more at auction. There are fewer sports in the Winter Games, which makes those medals rarer and increases their value.
It's also important to note that the payment for these medals doesn't usually come from the medals themselves. The US Olympic Committee pays athletes directly for their wins. This year, as part of Operation Gold, gold medalists will take home $37,500, silver medalists $22,500, and bronze medalists $15,000.