The value of Olympic gold medals has always been more sentimental than monetary, with only a small percentage of gold actually in the medal. The Paris 2024 version, however, contains a detail that may increase their worth significantly in the future. The 529 gram gold medal only contains six grams of gold, while the rest is pure silver. Since the 1920 Antwerp Games, gold medals have been made with less gold due to financial reasons. The silver medal remains entirely silver, while the bronze is a mixture of copper, tin, and zinc alloy. Despite the minimal amount of gold, Oxford Economics estimates the value of the Paris 2024 gold medal to be around €950, based on current market values.
One detail that sets the Paris 2024 gold medal apart is the inclusion of a piece of iron from the Eiffel Tower’s original frame. This element, placed in the center of the medal and featuring the Paris 2024 logo, was chosen by a committee of athletes chaired by French biathlon legend Martin Fourcade. These pieces of metal were removed from the iconic tower during various renovation and modernization projects and have been preserved by the authorities. The decision to incorporate this symbol of the French capital into the Olympic prize adds an extra layer of significance and historical value to the medal.
To create the unique design of the Paris 2024 Olympic gold medal, the organizing committee collaborated with Chaumet, a prestigious French luxury jewelry and watch house with a history spanning over two centuries. The attention to detail and craftsmanship that went into the creation of the medal further enhances its allure and collectability. Oxford Economics predicts that the value of Olympic gold medals will continue to rise over the years, reaching around €1,500 by 2032 when Australia hosts the Summer Games in Brisbane. This projected increase reflects not only the precious metals used in the medal but also the added historical and cultural significance of the Paris 2024 design.
While the actual value of Olympic gold medals may fluctuate based on market conditions, the sentimental and historical value of these iconic prizes remains immeasurable. The inclusion of a piece of the Eiffel Tower’s original frame in the Paris 2024 gold medal adds a unique touch that sets it apart from previous editions. As the value of gold and silver continues to rise, the Paris 2024 gold medal’s worth may increase significantly in the future. This combination of precious metals and historical significance makes the Olympic gold medal a truly priceless symbol of athletic achievement and global unity.
