With the start of the Winter Olympics, the whole world has turned its eyes toward Sochi, Russia — and everyone is dreaming of gold. Here are some details about the tradition of awarding medals in Olympic history, as well as the lowdown on the gold, silver and bronze medals at this year’s Olympic Games in Sochi.
The gold medal at this year's Sochi Olympic Games weighs 531 grams, making it one of the largest ever awarded. If it were made of pure gold, it would be worth nearly $24,000 at today's gold prices. Based on its composition, however, it's worth quite a bit less.
Bronze: Composed of copper mixed with zinc and tin. Worth about $3.50.
Gold: Composed of 525 grams of silver (at least .925 grade) covered with six grams of pure gold. Worth about $600 based on today's gold prices.
Silver: Composed of 525 grams of silver (at least .925 grade). Worth about $370 based on today's silver prices.
If all this Olympics talk has stimulated your interest in buying, selling or just learning more about gold and silver, come see the experts at Bellevue Rare Coins in Bellevue and Lynnwood.
Bellevue Rare Coins specializes in gold buying and dealing in rare coins. We are a family-owned business located in Bellevue and Lynnwood. We also buy and sell gold, silver, diamonds, currency and jewelry. Visit us first for a free evaluation.