How Much 2020 Olympic Medals Are Actually Worth

Gold Medal is Only Worth $820?
  • July 24, 2021

Winning an Olympic medal is priceless!  If I ever had one placed around my neck, I'd never take it off.  After seeing a tweet today about the real, monetary value of an Olympic medal, I couldn't believe what I read!  The medals are actually worth very little.

As I type, I'm watching the Women's 400 M Freestyle swimming event on NBC. I LOVE the Summer Olympics.  Imagine standing on the Olympic podium and having a medal placed around your neck as the anthem plays.  Totally did a double-take just now as I saw a Tweet showing the actual monetary value of an Olympic medal!

Our friend, Darren Rovell, posted a break down of what the current market value is of each precious medal.  A Gold Medal has just 6 grams of gold and 500 grams of sliver (bummer...I thought it was ALL gold!).  With the value of price of gold around $57 per gram and the gold being made mostly of silver (again...seriously?), a gold medal is only worth $753.36!

An athlete trains their entire life and earns a Bronze medal at the Olympics and when it comes time to pay taxes, the only claim $4.38.  Wow.

Can you believe how little the medals are actually worth?  I think we should give the medalists at least an fully gold medal if they win one!

WE ARE ALWAYS BUYING

We're always interested in collections!  If you have any Olympic memorabilia such as autographs, vintage cards, or if you're an Olympian that wants to come on the live show and talk about your experience, I'd love to hear from you !

Just Collect is always buying vintage sports and non-sports cards from 1879 to 1979 as well as select modern cards.

If you have a collection that you are considering selling, contact us today to discuss or get our industry-leading purchase offer. If you have a collection that you want appraised, please contact us and we would be happy to discuss your collection and help you understand the real cash value of your collection in the current marketplace. Check out the Just Collect buy list blog here

OUR BUYING PHILOSPHY

We've run into a wide range of people and collections over the last 25 years. Although Just Collect is known for buying vintage sports cards and especially vintage baseball cards, we are also extremely interested in buying non-sports cards, too!  

Every collection and every collector is different and we treat EVERY collection with the respect and attention that we show for our own collections. We understand that many have put their heart and souls into building their collections. So when you're ready to sell, we understand the feelings that you're going through and will work with you to help you reach a decision that is a WIN/WIN, because if you're not happy, we're not happy.

CONTACT ME ANY TIME

Whether you have complete vintage sets, single cards of players like Mickey Mantle or Michael Jordan, or even cards of select modern stars, we'd love to hear from you!  You can reach out any time!  

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