Money For Gold Medal Olympics

In general you ll get more money if you choose to sell an olympic medal at auction rather than melting it down.

Money for gold medal olympics. Silver medals typically go for between 10 000 and. At the bottom of the list canada. Medal designs have varied considerably since the first olympic games in 1896 particularly in size and weight. Going to the olympics and then winning and being the first person to receive the olympic gold medal for basketball was an extreme honor for him the 78 year old dennis told the associated.

Olympians for example will earn 37 500 for each gold medal they win this year 22 500 for each silver and 15 000 for each bronze. Today a gold medal tends to sell at auction for between 20 000 and 50 000 says jonathan scheier the consignment director of sports memorabilia at heritage auctions the world s largest auctioneer of sports collectables. The endorsements however only come to the cream of the olympic crop with athletes like phenom michael phelps scoring the most medals ever and the most endorsement deal riches. Since the mexico games in 1968 the medals have averaged 65 8 millimeters in diameter 6 5 millimeters in thickness and 176 5 grams in weight.

Andy murray will receive no financial reward for his gold medal but athletes from other nations can get up to. Gold medal winners from there only receive 15 000. The international olympic committee doesn t give prize money but many countries reward their medalists with a bonus. Olympic medal money varies by country but in the u s.

And bronze awarded to the third place the granting of awards is laid out in detail in the olympic protocols. How much money do athletes get if they win a gold medal at the olympics. Many countries reward medalists with bonus money. Gold medal winners from the southeast asia nation receive 1 million usd silver 500 000 and bronze 250 000.

An olympic medal is awarded to successful competitors at one of the olympic games there are three classes of medal. The first and easiest way of calculating the value of a olympic gold medal is figuring what the metal is worth if one were melted down. Athletes make 25k for gold 15k for silver and 10k for bronze plus millions in endorsements.