With the 2024 Olympics and Paralympics in the books, winners may wonder what their medals are made of and how much they’re worth. Many people are surprised to learn that the gold and silver medals are both composed of about the same amount of silver. The only difference is that the first-place medals are gold-cladded.
Specifically, the gold medals are 523 grams of silver coated in 6 grams of gold. The silver medals are 525 grams. Both are composed of .925 silver. The bronze medals weigh 455 grams and are made of copper, tin, and zinc.
At current prices the metal content of the gold medal is worth about US$1,000 and the silver and bronze medals are worth about US$535 and US$4.60 respectively, according to Oxford Economics.
However, there is one part of the medals to which no one can ascribe a price. Each medal contains an insert of 18 grams of iron cut from bits and pieces of the Eiffel Tower taken during renovations and held for safekeeping.
The last time that gold medals were pure gold was in 1912, according to the International Olympic Committee (IOC).
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