The Olympic gold medal is one of the most prestigious awards in the world. It symbolizes an athlete’s hard work and dedication to their sport. The gold medal is also a reminder of courage, determination, and excellence.

But what is the monetary value of an Olympic gold medal? How much does an Olympic gold medal cost when resold?

The answer is surprisingly complicated. The value of an Olympic gold medal depends on a variety of factors, including the athlete’s country of origin, the sport, the historical significance of the achievement and how sought after it is, and the overall sentiment around it. The rarer and more sought-after a medal is, the more it will cost when resold.

For example, the first gold medal ever awarded in the modern Olympic Games (in Athens in 1896) sold for $865,000 at an auction in 2013. Other Olympic gold medals from the same era have sold for up to $1 million. 

For example, the gold medal that Usain Bolt won in the 100m sprint at the 2008 Beijing Olympics was resold for $400,000 USD. This is because Bolt is one of the most successful and popular Olympic athletes of all time, making his medals extremely valuable. On the other hand, a gold medal from the 2004 Athens Olympics sold for a mere $8,500 USD. This is due to the fact that the 2004 Athens Olympics are not as notable or impressive as the 2008 Beijing Olympics.

It is also important to note that the cost of an Olympic gold medal can vary depending on its condition. For example, a gold medal that has been kept in pristine condition is likely to be more expensive than one that has scratches, dents, or other signs of wear and tear. Additionally, if the medal has been autographed by the athlete, this can also increase its value.

When considering how much an Olympic gold medal is worth when resold, it is important to remember that the prices listed above are only estimates. The true cost of an Olympic gold medal can vary greatly depending on the factors discussed above. For example, if a gold medal from a particular Olympics is extremely rare or very sought after, its price could be much higher than the ones mentioned above.

At the end of the day, the true cost of an Olympic gold medal when resold depends on its condition, rarity, and demand. While it is difficult to determine an exact price, the cost of an Olympic gold medal can range anywhere from a few hundred dollars to hundreds of thousands of dollars.