How much is an Olympic Gold Medal worth? | Strangest Moments

The issue of professionals and amateurs has been at the core of the modern Olympic Games since 1896. Here's how it has worked out.

_____________________________________________________

[rubyia]

Alright then, since the title is a bit misleading I googled it. Based on the recent 2018 PyeongChang Olympics, the (mixed) metal of the gold medal is worth $572, silver for $320, and bronze for $3.50 (it's a copper alloy). Medal design changes every Olympics so worth does change. Of course if you auction it off, you'll fetch a higher price (sometimes as much as $20k+). Not to mention your home country can award you money if you win (US gave out $37.5 k for a gold). So there, the answer is $572.

[dazzlings]

Interesting video. Just not what the title suggests the video would be about. How much do the medals cost to make?

[juliomarmol]

Their country gives them
money for their medals

[tomgroves]

The higher you place the more sponsors you get, the more sponsors you get the higher you're paid. Also, countries pay their athletes for medalling.

[syph]

Just because there isn't any direct prize money doesn't mean they don't make any for doing well at the olympics

[mathiashello]

"They dont get paid a penny", exuding there 10million Nike sponsorship for wearing branded shoes.

[praneshkumaar]

My aim is to get a olympic gold in 1500m in 2024.If it happens I am the first person to do it in India

[caleculating]

Wrong! Some countries actually give compensation or rewards for athletes that won, for example, Joseph Schooling was awarded $1 million from the government for winning a gold medal in the 100m bitterly in Rio 2016.

[Mattjammar]

How noble of the Olympics to pay these athletes who bring them so much revenue absolutely nothing.

[dami]

The narrator, bless her! I just came from a video where she said something about ‘finish hish’ and ‘start hish’. And here again, she says ‘hish’... turns out she can’t say the word ‘it’!

[freg]

Some countries offer their medallist a monthly allowance for life after winning a medal so, this video is kind of incorrect. Would be nice if those athletes were purely driven by success and honour but a little extra cash won't damage them.

[joelhoeve]

In the netherlands you do get paid for winning a medal. You even get a few if you finish top 8

[tsill]

In Cyprus, one gold medal in artistic gymnastics = 45k

[ethanzhang]

Wealthiest group of athletes ever assembled??

Looks at Formula 1

[joeg]

So I read a short article a week ago and already know this is bs. Most countries do give athletes a bonus for winning a medal. Actually some of the poorer countries offer the best bonus because it means do much for them to get a medal for the country.

[ryantroiled]

Man I watched a 6 minute video to see how much the Olympic medals are actually worth. Like money. As in if someone was selling one how much would it be reasonable to sell at. Bronze silver or gold

[drewacabu]

In our country, the philippines, the gov't gives P10million (US$215, 000more or less depending on currency rates) silver is P5million, (given to hidelyn diaz, a weightlifter in rio olympics).. P2million for bronze., and also, just like diaz, other local governments gave money to her

[hanonclyne]

I can't believe we're still talking about medals after seeing that mustache 4:39. I wanna know how he managed that.

[Ronilac]

Professionals were first allowed in 1976... not in all disciplines but the process started

[kdmixbp]

Sure some countries give a bonus, but that's only every four years. Being an athlete is expensive regardless of the sport. The IOC makes billions per Olympic games and then there's Paralympic athletes that struggle to even make ends meet.