For the past few days we have all been watching the Sochi Olympics. We saw Sage Kotsenburg take home the first US gold medal in the slope style event. Later, Jamie Anderson won the same event in the women's division. This made me wonder, how much is a gold Olympic medal really worth? While the significance of it is priceless, the medal is extremely heavy weighing 531 grams. Sochi Gold Medals are 525 grams of fine silver and 6 grams of fine gold.Today's Silver Price: $19.92Today's Gold Price: $1,275.00With a 999 hallmark of 24K pure fine gold, the 6 oz of gold are worth $245.00 at today's gold price.The 525 grams of sterling silver are worth $311.02. This puts the metal worth $556.02.Here are some fun facts about the medals found on the official Sochi 2014 Olympic Website:The Sochi 2014 medals are the most... (Source: http://www.sochi2014.com/en/about-medals)
- Innovative: the combination of precious metals and synthetic materials makes the Sochi 2014 medals truly unique
- Numerous: a record number of medals in the history of the Winter Games will be issued: 1300
- Diverse: there will be 12 new Olympic medals types for the competitions (slope style, ski half pipe, etc.)
Each one of these medals takes on average 18 hours to make!Go team U.S.A.!