Unbelievable! Here is the real worth of an Olympic gold medal

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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.

wp-1471501487633-1 Unbelievable! Here is the real worth of an Olympic gold medal

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. Much of the silver is recycled from old mirrors and X-ray plates. The gold is free of mercury, which is often used to separate gold from ore and can poison local ecosystems if not carefully disposed of.

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The last time athletes earned medals made of pure gold was at the 1912 Olympics in Stockholm, Sweden.



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