#RioOlympics: You won’t believe what the Olympic gold medal is worth

Posted by Seyifunmi

An Olympic medal is worth glory and fame , just not very much cash.The 500-gram gold medals earned by Usain Bolt, Michael Phelps and Simone Biles are nearly 99 percent recycled silver. They contain just 1.2 percent gold, mostly used as plating,Daily Mail reports.

They are worth about $587 in current market prices.
Victor Hugo Berbert, head of medal-making at Brazil’s National Mint in Rio de Janeiro,said

IT’S A GREAT HONOR AND A GREAT RESPONSIBILITY,’  EACH OF THE 5,130 OLYMPIC AND PARALYMPIC MEDALS TOOK ABOUT 48 HOURS TO MAKE