So you see one of the athletes at the Olympic games hold a huge gold medal and you think: "That thing must be priceless", right? Wrong! The gold medals aren't solid gold, but are made mostly of silver and copper, and contain only 6 grams of gold. The value if you'd melt one down? About $600. The silver medal is pretty much the same thing as the gold medal, except that it misses the 6 grams of gold. It has a value of about $300. The bronze medal is pretty much worthless when it comes to its material value. It is made of copper, tin and zinc and is worth about $5. It is pretty much a very large penny.
So there you go. I doubt that any of the athletes will be tempted to melt their medals down, since what they represent is much more valuable than their material value.
By xorbit, last changed on July 31, 2012 // E-mail to a friend //