Money For Gold Medal Winners

For the united states gold silver and bronze earn.

Money for gold medal winners. While that may seem like a lot of money it s important to. Olympic committee awards 25 000 for gold medals 15 000 for silver and 10 000 for bronze. Payment for winning olympic medals varies by country. Olympians also have to pay tax on the value of the medals themselves.

Some do not pay any money at all. Gold medal winners from the united states now receive 37 500 silver winners receive 27 500 and bronze medalists receive 15 000. Besides chewing on their medals and accepting those weird statues top athletes usually earn prize money from their country s olympic committee. Silver medals typically go for between 10 000 and.

Many countries reward medalists with bonus money. Singapore s joseph schooling the country s first ever gold medal winner should earn a cash bonus of 753 000. In general you ll get more money if you choose to sell an olympic medal at auction rather than melting it down. On the morning of jul 18 army lt.

The united states olympic committee usoc awards athletes 37 500 for gold 22 500 for silver 15 000 for bronze according to the new york times. The united states olympic committee pays its medal winners 25 000 to gold medal winners 15 000 to those. 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. Receiving the medal of honor confers a great deal of prestige on the recipient as well as an acknowledgement that the recipient and their unit member.

Charles kettles became the newest recipient of the medal of honor america s highest honor for military valor. Winners also bring home the actual medal too.