How much does an Olympic gold medal worth?

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The PyeongChang 2018 Olympic medals are displayed by young South Korean athletes during their unveiling at a ceremony in Seoul on September 21, 2017. The Olympic Winter Games PyeongChang 2018 medals were officially unveiled on September 21, with features of the Korean alphabet consonants on their bodies.

For this year’s Olympic Winter Games in PyeongChang, over 100 medal ceremonies will take place across 15 sports. Because some of those are for multi-player sports like hockey and bobsled, the PyeongChang Organizing Committee has created about 260 sets of medals—gold, silver, and bronze—for this Winter Olympics.

How much is an Olympic gold medal actually worth? An Olympic medal’s value matters because it doesn’t come with a check from the International Olympic Committee. Many countries, including the U.S., do supply winners with cash prizes for victories, but the amount can vary. The U.S. Olympic Committee has previously given winners about $25,000 for winning a gold, $15,000 for a silver and $10,000 for a bronze medal; Azerbaijan offered $510,000 to each gold medalist during the 2012 London Olympics.

Here, MONEY breaks down what athletes can expect to gain from their Olympic medals, once the games are over.

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Eddie Andy is a writer who covers relationships, relationship issues, in the form of poetry, prose (story) and articles. You can reach out to him at [email protected]

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