What to know about Beijing 2022 Winter Olympics medals
What do this year’s Olympic medals look like?
This year’s medals are supposed to accord with the principles of “rational, safe and splendid” Olympic Games. The shape of each medal mimics that of the medals of the 2008 Summer Games, which also took place in Beijing, and aims to present the Chinese capital as a “double Olympic city” since, after this year, it will have hosted both summer and winter game.
Each medal features engravings of the five Olympic rings as well as the words
“XXIV Beijing Winter Olympics 2022”, and is surrounded by patterns of ice, snow and clouds.
What are Olympic medals made of?
Olympic medals haven’t been solid gold since 1912, when the Games were held in Stockholm. That said, the International Olympic Committee (IOC) has strict standards for the metal content of each medal. Gold medals, for example, must be made with at least 6 grams of pure gold, while silver medals must contain around 92.5% silver. Bronze medals are made of red brass, which means they are 95% copper and 5% zinc.
Who designs the Olympic medals?
For the Tokyo Olympics, the Tokyo Olympic and Paralympic Games Organizing Committee launched a medal design competetion. The public was invited to submit drawings. Over 400 submissions were received.
The Beijing 2022 Olympic medals were unveiled in October. By Chinese mediathe medals were designed by Hang Hai, who was also part of the design team in 2008.
However, regardless of the year, place or creator, the IOC requires that each medal include the following three elements:
1. Nike, the Greek goddess of victory, in front of the Panathinaikos stadium
2. The name of the games and the year (this year is the XXXII Olympiad Tokyo 2020)
3. The five rings Olympic symbol
How much does an Olympic gold medal weigh?
- Gold: Approximately 556 grams.
- Silver: Approximately 550 grams.
- Bronze: Almost 450 grams.
How much are Olympic gold medals worth?
Although you may think that Olympic gold medals are worth a pretty penny, you are wrong. The value of an Olympic gold medal largely depends on the amount of gold it contains and the value of gold at that time. It’s unclear exactly how much gold is in this year’s medal, but if it contains the minimum 6 grams, it would be worth it about $354, according to a precious metal conversion site. In 2018, Winter Olympic gold medals were valued at around $577.
Sometimes athletes sell their medals. Their value depends on the athlete and other more sentimental considerations, as well as the Games to which they belong: medals from the Winter Olympics tend to be worth more than those from the Summer Olympics, because there are fewer from games to the Winter Olympics, which makes the medals rarer and therefore more valuable.
A Jesse Owens medal from the 1936 Olympics sold for $1.47 million in 2013.
Are Olympic medalists paid?
Olympians make most of their money from their endorsements, so how much they make depends on the athlete and their brand deals. When Team USA competed in the PyeongChang Olympics in 2018, they were the highest paid in history.
That year, U.S. gold medalists received $37,000, silver medalists received $22,500, and bronze medalists took home $15,000 from the american olympic committee. These Olympics also marked the first where American athletes did not have to pay “victory tax” on the money they earned.