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 Replies: 12 / Views: 1,236 |
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Pillar of the Community
Canada
1177 Posts |
of course, for math, I always try to collaborate my interests into the program.
this question is worth 10% of my assignment mark.
Calculate the value used to make an
a) Olympic gold medal
b) Olympic silver medal
c) Olympic bronze medal
spot prices @:
Gold = 1755$/ozt
Silver = 33.55$/ozt
Copper = 3.70$/lbs
Tin = 8.50$/lbs
*gold medals are not made of pure gold - sorry to disappoint you*
each medal weighs 400 grams OR 12.86 ozt
Gold medal contains: 92.5% silver, 6.16% copper and 1.34% gold
Silver medal contains: 92.5% silver, 7.5% copper (basically sterling .925 silver)
Bronze medal contains: 97% copper, 0.5% tin, 0.5% silver
i will spare you all the math but basically...
a gold medal contains 701.31$ in metals
a silver medal contains 399.49$ in metals
a bronze medal contains a lousy 5.35$ in metals
just some fun facts :)
-J
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Pillar of the Community
United States
3670 Posts |
Its value is based more about the item itself and what it represents, then the gold or metal content eh....
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Pillar of the Community
 Canada
1177 Posts |
oh totally, I understand that, I'm coming from a numerical aspect, meaning if a bronze medalist sold his medal he'd get a heck of a lot more than 6 bucks, I just posted this to inform people who didn't know these numbers, I was quite interested.
mainly the guy on the show pawn stars who brought in his sample gold medal and wanted to sell it for 50,000$ for gold content when it has less than 6 grams of gold haha
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Pillar of the Community
United States
1436 Posts |
How many Gold, Silver & Bronze medals did Cananda win in London?
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Pillar of the Community
Canada
834 Posts |
1 gold
5 silver
12 bronze in London
But canada is a winter olympics country with the most gold medals at our last winter olympics.
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Pillar of the Community
Canada
834 Posts |
1 gold
5 silver
12 bronze in London
But canada is a winter olympics country with the most gold medals at our last winter olympics.
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Pillar of the Community
United States
3670 Posts |
I had a former UT wide receiver from UT bring me his 10k ring he was given when UT beat Wisconsin in the 2007 Outback bowl....
Anyhow, it was gold PLATED in 10k lol. Couldn't believe they went cheap, but with the cost of gold going up, easy corner cut for a big AD budget....
He wanted 500 for it, and if I had it free to spend at time I may have bought it, IF he had been a bigger name, via Payton Manning or something....
As I know I could have sold in time for more to right buyer/UT fan. Value is not always based just on the metal content, always remember that....
Edited by Silverhawk74
10/15/2012 1:45 pm
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Pillar of the Community
Canada
1177 Posts |
so they gold plated a football ring?  cheap school |
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Pillar of the Community
Canada
834 Posts |
Hawk,
Alot of schools seem to go the cheap route when it comes to rings. Only once you get into the big legues do you start to see the real deal. As an avid hockey fan, I've managed to aquire two stanley cup rings over the years. Still waiting to find that ducks ring thats when you see some bling. Alot of OHL rings I've seen are plated. Still trying to haul in a Canadian olympic hockey medal.
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Pillar of the Community
1028 Posts |
You know, the gold medals of yesteryear were actually made of primarily gold (not just 1.34%). That would be ridiculously expensive to do now. Also, every gold winning Olympian would be fearful of theft. Olympic village would turn into a scary place because you know the temptation of $20,000 per medal would be too much for some of the local staff and possibly even other Olmpians.
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Pillar of the Community
United States
3670 Posts |
I was a house league ice hockey goaltender for 17 years, so I can appreciate anything to do with hockey as well....
I had a nice 250 limited edition Red-wing silver four oz. piece made for their win over Philly in four back in 1997, and wish I had kept it even though I am a Bruin fan, lol....
A ring or Olympic medal would be a great collection addition/conversation piece no doubt....
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Pillar of the Community
Canada
1177 Posts |
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Valued Member
United States
404 Posts |
Do we have any idea why they use silver in the gold medal and not the bronze?
If it's about money, why not plate all 3?
I don't see the logic unless you need silver for gold plating...
If anyone does have an article about this(why those chose these compositions), I would definitely be interested in reading it.
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Replies: 12 / Views: 1,236 |
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Posted 10/15/2012 12:47 pm
