Paying top dollar

for your diamonds since 1980

Is the Olympic Gold Really Gold?

Posted on February 13th, 2014 by Joe G

Have you been watching the Olympics? Night after night, athletes from all over the world are putting their talents to the test to win the coveted gold medal. But did you know that it has been over 100 years since winning athletes received a solid gold medal at the Olympics (the 1912 games in Stockholm)?

Gold medals received in Sochi this year are mostly silver (92.5%), with a small amount of gold (1.34%) and the rest copper. Silver medals are 92.5% silver with the rest being copper, and bronze comprise of 97% copper, 2.5% zinc and .5% tin. Much of the metals used came from the United States.

So how much are these medals actually worth? The gold medal is worth around $600, silver around $320 and bronze right around $3. However, for athletes and spectators alike, these medals are priceless, as they add pride and camaraderie to individuals nations and worldwide.

Enjoy the games!

 

Courtesy of MSN
http://money.msn.com/top-stocks/post.aspx?post=4ca66d5a-e067-4b78-923a-9f437ed6fa4e

← Back

Customer Testimonial

Had a Great Experience

I have dealt in coins and metals since the 80s. Had dealings with many dealers. Got scammed by a few. Chicago Gold is the only one I would recommend to my family or friends. Have your valuables appraised by them before you sell.


Date: 05/12/2022 • 5 / 5 stars ★★★★★

Awesome place!

What a super knowledgeable gemologist. After all that experience also they are soooo willing to help and answer all the questions I had. Excellent experience. They went above and beyond for me. Highly recommended. Super trustworthy.


Date: 01/20/2022 • 5 / 5 stars ★★★★★

I'll be back

Cashed in some silver coins and received a very fair exchange. Joe and Chris, were very friendly, and comfortable to deal with. Came back with some jewelry, and received a rough appraisal...again no pressure.


Date: 10/17/2023 • 5 / 5 stars ★★★★★

I would do business with them again

Good people who are honest, open and friendly. I'm glad I found them and not too far from my area.


Date: 01/02/2024 • 5 / 5 stars ★★★★★

How to Reach Us?

Get Directions

Contact Us

Get the most for your valuables.

1236 W. Devon Avenue
Chicago, IL 60660

Phone: 773-338-7787 Email: chgogoldgallery@aol.com

Hours: Mon- Fri: 10:15am-6pm, & Sat: 10:15am-5:00pm

Especially Wanted

  • Gold & Silver Coins
  • Bullion Gold, Silver, & Platinum
  • Scrap & Old Gold
  • Sterling Silverware
  • Dental Gold
  • Coins & Coin Collections
  • Franklin Mint
  • Collectibles
  • Rare Coins
  • Antique & Modern Jewelry
  • Diamonds
  • Watches - Rolex, Patek Philippe
  • Broken Jewelry
  • Tiffany & Company - Cartier
  • Vintage & Modern Guitars