HeadingNorth Posted July 29, 2012 Share Posted July 29, 2012 There are 302 events at which gold will be won at this Olympics; a lot of them are individual events, but many are not. Let's assume that, in total, 400 gold medals will be awarded; each weighing at least 375 grams. What's the scrap weight price for 18-carat gold nowadays? Well, according to one website, each of those medals would be worth about £4,500 if they were 18 carat; a total of around £1.8 million. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted July 29, 2012 Share Posted July 29, 2012 This Kennecott Utah Copper Mine? Not a 'Green' Olympics, is it? Link to comment Share on other sites More sharing options...
melthebell Posted July 29, 2012 Share Posted July 29, 2012 you didnt actually think they were solid gold did you? its a covering, as already been said theyd cost 1000s of pounds each otherwise. at work we do gold on circuit boards if required (the tankfull of solution costs like 15.000 alledgedly) but the gold is actually just a covering that sits over the copper, which is covered with nickel first then gold, just a few microns i think of immersion gold. Link to comment Share on other sites More sharing options...
Obelix Posted July 30, 2012 Share Posted July 30, 2012 There are 302 events at which gold will be won at this Olympics; a lot of them are individual events, but many are not. Let's assume that, in total, 400 gold medals will be awarded; each weighing at least 375 grams. What's the scrap weight price for 18-carat gold nowadays? Well, according to one website, each of those medals would be worth about £4,500 if they were 18 carat; a total of around £1.8 million. So that's about half the cost of what they stand to make from those 8000 torches that they are flogging off to the participants at £400 each... (and no way did a bit of bent tin and a gas burner cost that much to make). IF they can stiff people that price for a memento then they perhaps could cough for a better medal one thinks... Link to comment Share on other sites More sharing options...
truman Posted July 30, 2012 Share Posted July 30, 2012 There are 302 events at which gold will be won at this Olympics; a lot of them are individual events, but many are not. Let's assume that, in total, 400 gold medals will be awarded; each weighing at least 375 grams. What's the scrap weight price for 18-carat gold nowadays? Well, according to one website, each of those medals would be worth about £4,500 if they were 18 carat; a total of around £1.8 million. A drop in the ocean compared to the total cost of the London Games... Link to comment Share on other sites More sharing options...
PrimalJay Posted July 30, 2012 Share Posted July 30, 2012 Question is, for all the events and all eventualities... What would the total cost of all medals be if they were made with 100% solid bronze, solid sterling silver and solid 9k gold. Link to comment Share on other sites More sharing options...
alchresearch Posted July 30, 2012 Share Posted July 30, 2012 I heard Elizabeth Duke put in a bid to supply the medals and the total cost came to £48. Link to comment Share on other sites More sharing options...
julado Posted July 30, 2012 Share Posted July 30, 2012 I heard Elizabeth Duke put in a bid to supply the medals and the total cost came to £48. Well that made me giggle Link to comment Share on other sites More sharing options...
gnvqsos Posted July 30, 2012 Share Posted July 30, 2012 Seems the gold medals are mostly silver just plated with a small amount of gold, not worth much, I thought they would be solid gold If they were solid they would be too heavy to wear,and would be available on ebay. Link to comment Share on other sites More sharing options...
HeadingNorth Posted July 30, 2012 Share Posted July 30, 2012 So that's about half the cost of what they stand to make from those 8000 torches that they are flogging off to the participants at £400 each That is true, but it's a different "they" ... Locog arranged the details of the torch relay and will receive the proceeds from the torch sales, but the medals are commissioned, and paid for, directly by the IOC. The alloys used have been the same for many years. This is not meant as justification for the alloys being what they are - I don't know what the IOC's justification is, or ever was - I just want to ensure that people who are unimpressed by it, are unimpressed at the right bunch. Link to comment Share on other sites More sharing options...
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