An Olympic medal is worth glory & fame but not that much money because its just 1.2% gold

The 500-gram gold medals earned by Usain Bolt, Michael Phelps and Simone Biles are nearly 99 percent recycled silver. They contain just 1.2 percent gold, mostly used as plating.

They are worth about 1,978,190 UgShs ($587 ) in current market prices.

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

Story By Daily Mail!