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Author Topic:   Olympic gold medals
June Martin
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Posts: 1326
Registered: Apr 93

iconnumber posted 05-24-2012 12:48 PM     Click Here to See the Profile for June Martin     Edit/Delete Message   Reply w/Quote
[01-3027]

The gold medals to be handed out this summer in London will weigh 400 grams (14 ounces), more than twice as heavy as the average of the previous five games and almost 17 times heavier than at the 1912 Stockholm Olympics. But the gold medals awarded in 1912 actually were made entirely of gold. Now they consist mainly of silver with a thin coat of gold.

The International Olympic Committee stipulates that gold medals must have a 92.5% minimum silver content and contain at least six grams of gold. In London, copper will make up the rest. For the first time ever, the silver in this year's gold medal is actually worth more than the gold content.

If the metal content of earlier medals is valued at today's bullion prices, the London gold is worth just over half of those handed out in 1912.

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chase33

Posts: 362
Registered: Feb 2008

iconnumber posted 05-24-2012 08:34 PM     Click Here to See the Profile for chase33     Edit/Delete Message   Reply w/Quote
Very interesting, June. Thanks for the info. I had just assumed the gold medals were made of gold.
Of course this leads to the next question: are the silver medals made entirely of silver or some combination? And what about the bronze medals?

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ahwt

Posts: 2334
Registered: Mar 2003

iconnumber posted 05-24-2012 09:48 PM     Click Here to See the Profile for ahwt     Edit/Delete Message   Reply w/Quote
The composition of Olympic metals is sterling for the gold and silver with the gold metal plated with at least 6 grams of gold. The bronze metal is an alloy of copper and tin. Gold, silver and bronze metals started at the 1904 Olympics in St. Louis. They were held at my alma mater (sometime before I was there) and occurred in the same year as the World’s Fair. It was a great year for St. Louis.

[This message has been edited by ahwt (edited 05-24-2012).]

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Paul Lemieux

Posts: 1792
Registered: Apr 2000

iconnumber posted 07-27-2012 08:43 PM     Click Here to See the Profile for Paul Lemieux     Edit/Delete Message   Reply w/Quote
This user comment was posted on the JCKonline.com article about the composition of Olympic medals:

quote:
I found this out completely by accident. A customers who is the parent of a multi-medaled Olympian brought in the medals to be polished....Yikes...the gold plating that they overlay the "gold" medals with rubbed right off. Had to replate it, Honestly I was so very disheartened....so was my unsuspecting customer! C'mon Olympic Committee for all that effort the athletes deserve the real thing!

Not sure about the method used by the jewelers who posted this to polish the medals, or whether they understood that the medals were merely gold-plated, but the comment does point out that items made of silver (even if they are gilt) will tarnish, whereas a solid gold medal would not tarnish.

Some people seem quite upset that the "gold" metals are only plated. Wonder if the Olympic athletes care more about the intrinsic value or symbolic value of the medals.

[This message has been edited by Paul Lemieux (edited 07-27-2012).]

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jersey

Posts: 1203
Registered: Feb 2005

iconnumber posted 07-27-2012 09:21 PM     Click Here to See the Profile for jersey     Edit/Delete Message   Reply w/Quote
The reason of having it not be made of real gold is the current price of gold.

That said, Having seen & held one personally, according to the Gold medal winter Olympian I know, truth be told they don't care about the metal content, they are just thrilled to have one.

Just as an FYI, my friend is in London right now for the 2012 Olympics as her family friend is Captain of the USA men's Water polo team. So if you all would, please cheer them on!!!!

Much appreciated!
Jersey

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