Competing in an Olympic Games is . If that participation is already transcribed into a medal, this triumph is multiplied by a very high sentimental value… as well as economic value. And it is that the three medals that can be distributed in each test (gold, silver and bronze) have a certain price in the market that evolves as the price of their metals fluctuates.
In Rio 2016, the Spanish delegation took home a total loot of 5,206.25 euros distributed among 17 medals. It is the final price of the seven golds, four silvers and six bronzes to which the portal has had access, which calculates this amount based on the value of the gold, silver and bronze at the time each Olympic tournament was held.
However, this participation of Spain was not the most valuable if the data from Moscow 1980 are taken into account. You have to go to London 2012 when Spanish athletes registered more money based on their medals and the value of each metal. Up to 5,283.39 euros was awarded to the delegation with 19 medals (four gold, ten silver and five bronze).
An amount that taken to the current value of these metals depreciates, since silver has lost more than 5% of its value in the last nine years while gold and bronze have barely fluctuated high. And it is that if those 19 London medals were taken to the present, the final price would be 5,201.92 euros.
Barcelona 1992 would mean for Spain at this time a value in medals of 7,921.37 euros
This is the only competition in which the final value of the Spanish delegation currently amounts to less money, with Sidney 2000 being the event that has grown the most. Up to 482.8% have risen the 11 national medals to reach the current 1,803.9 euros (for only 309.52 euros at that time; that year was the worst Spanish participation since Barcelona 92, when a record was still recorded latent with 22 medals).
And it is that Barcelona 1992, in addition to being the event with the most medals for Spain, is also the one that would have the most economic value today. The 22 medals have grown by 458.5% to go from the 1,418.34 euros that they were worth in 1992 to the 7,921.37 euros that they would cost today (gold has increased by 443.88% while silver has done so in 538.51%, bronze, 234.53%).
The weight of the medal changes according to the appointment, as well as the percentage of metal that the medal has.
All these prices, yes, have a little trick and that is that each year the weight of the medal also varies (in 1980 they weighed 116 grams, while in Tokyo the three possible prizes have an average of 450 grams). In addition, the composition of the medal has a different percentage of each metal and thus, for example, in this 2021 gold is represented only in 6 grams of the 556 that the most precious medal on Japanese soil weighs.
How much is a gold, a silver and a bronze worth in Tokyo 2020?
This causes the current value of the Tokyo 2020 gold medal to be 724.55 euros (if the entire medal were made of gold it would be worth around 31,000 euros). After this, the silver award is currently at 379.28 euros while the bronze one costs only 3.29 euros. This last price, although a priori ridiculous for a prize so admired in sports, is the highest in history (in Los Angeles 1984 it was only worth 24 cents).
How much money in medals has Spain won?
In this way, the 17 medals with which Spain has finished its Olympic participation reveal a total income of 5,227.63 euros. The second best economic participation, as far as this aspect is concerned and only behind the income in medals from London 2012.
A final prize that is explained by the 2,173.65 euros for gold in Olympic Shooting, Women’s Karate (kata) and Men’s Climbing, 3,034.24 euros for eight silvers in Taekwondo (-49 kg), Slalom Canoeing (K1), Canoeing sprint, artistic gymnastics (floor exercise), men’s karate (kata), canoeing (K4-500), women’s water polo and men’s soccer and 19.74 euros for the six bronze medals in mountain biking, individual men’s tennis, athletics (triple jump) , Sailing (Finn category), Sailing (470 category) and Men’s Handball.
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