Image Source: FIFA.com
Is the FIFA World Cup Trophy worth $20 million in gold?
The short answer is:
No.
When researching this article I found a number of pieces purporting that the trophy is worth $20 million dollars.
While the nature of such a globally recognized and coveted award such as the World Cup makes it a virtually priceless artifact, it’s value definitely does not reflect its gold content.
So how much gold IS in the trophy?
And how much is it worth?
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There is actually a significant amount of gold in the FIFA World Cup trophy, more than any other sports trophy I could find.
The trophy is 36 cm high, is 18-karat gold and weighs 6175 grammes.
18 karat gold is 75% gold.
That leaves us at 4631.25 grams of gold. At todays gold price that gives the melt value of the trophy:
$199,653.USD
$200,000 USD is no small amount of money.
But it’s pretty different than $20 million dollars.
In the San Francisco Bay Area, 200k would get you a house about this big:
$20 million might get you a house like this:
Image Source: Business insider
We can ascertain that the value of the Trophy is from nearly everything EXCEPT for its gold content. In fact, buying the trophy at $20 million you would be paying an unbelievable premium to its gold value.
Much more obtainable is a 24 karat pure gold soccer ball pendant from Menē. Get one here: http://Mene.com/invite/JrT26p
Here you will be paying a max of 20% premium over the gold value, and you will be receiving a more pure product than the FIFA World Cup trophy.
Through finding out the actually gold value of the FIFA World Cup Trophy, we can understand how special this trophy really is. We know that the value of the trophy comes from the challenge, skill, commitment, teamwork and glory of the journey of the game.
And thats....
Golden.
Goldmatters
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All images sourced from Menē and Goldmoney.
Read more about Goldmoney: https://steemit.com/@goldmatters
What is Menē 24k gold and platinum investment jewelry?
