The Olympics is an event that happens every four years. It pits every country against each other to determine who has the best players among each sport. There are two kinds of Olympics and that is the summer and winter Olympics. These two events happen two years apart from each other every four years. The same kinds of medals are given for both events. Olympic medals have been given away to the top 3 players of every sport. There are 44 sports involved in the summer Olympics and 15 for the winter Olympics. The summer Olympics is so much bigger because of the number of sports played and the country compete among each other by counting the number of medals that they have.
A lot of countries have never won gold medals in the Olympics games. For those countries who have already won a number of medals, especially those players who have multiple medals, their medals are made in part of pure gold, silver and bronze; whichever medal they won. There have been a number of Olympic medals in the past that have shown up in auction sites like eBay and people are willing to pay a lot of money for it.
Gold medals from the Olympics are said to be gilt by at least 6g of pure gold. It is not entirely gold but only a part of it. It is colored gold to indicate that it is a gold medal but there is only a very small amount of gold in it. The rest is made of silver which is still an expensive metal. Six ounce of gold will amount to about $200 depending on the price of the gold as it constantly fluctuates. The remaining amount of silver would also be about $200 dollars which brings the total to around $400. The medal with the most amount of gold is from 1908 with 25g of pure gold which would make it cost about $1,000 at present time. Even so, most people are willing to pay more for it. They are not buying it for the gold but because it is a piece of history that will live on forever. The most expensive Olympic gold medal ever sold was at $82,000 and it was done for a charitable cause. People who sell their medals because they need money can still count on the medals to cost at least a $1,000.
Silver medals in the Olympics are made of 92.5% pure silver which still makes it quite expensive. This will cost about $200 minimum to make the medal itself. Hoping to find one for around the same price online will be impossible though as purchasing the medal includes a sentimental value that will bring its price much higher that you will expect.
Bronze medals are made of pure bronze but they are not that expensive to make. Bronze does not really cost much but for people who wish to own a piece of their countries’ history, buying one can still cost more than it is really worth.