Hi everyone. Before i start today I want to apologize to 57927. He or she wrote a great blog on Olympic commemorative coins it was well done. I thought he or she was writing it on the actual medals at today's games. Again my apologies. What his or her blog did was get me interested in the medals themselves. So I decided to look into it and what I found was not what I thought i would find. Let's start with the medals. Gold,silver,bronze. Nothing could be further from the truth. I knew that the Gold medal was not made of complete gold. I never expected to find out that there made of silver covered in six grams of gold. The melt value would be based on today's market more than likely almost seven hundred dollars. Now the silver. That's the only medal made out of what it says silver and some copper worth about three hundred dollars. Now the Bronze. I'm thinking that's basically a cheap metal it must be made out of bronze. Was I ever wrong you see it's made of a metal cheaper than bronze. How about copper. The value of that metal is about four dollars. Now the athlete in the United States that wins a Gold medal gets twenty five thousand dollars. This also is not so. You see the government wants it's cut so he and she is taxed leaving them with about nine thousand dollars and change. That's not enough for the athlete to train for about two months. The last time a Gold medal was made of gold was in 1912 in Stockholm Sweden. The more and more I read about these games the worse I felt for the athlete. If they win the Gold medal they might get a few endorsements. This is not even true. Why? Well Madison ave will sign them to a short term contract simply because when the games are over so are they. Only a few in the so called 'big' events will make it. I have a new way and a new belief of the Olympics. There run by greed were can the committee make the most money. The athletes that work all there lives for this moment in the sun becomes nothing but a statistic. They even have to pay for this moment from there family to the government who taxes them. I would be remiss if I didn't mention the designer of these medals. His name is Lee Sum-woo. The ribbon is made of Gappa a traditional fabric. So there is your little taste of these wonderful games and how these brave men and woman are treated. I'm sure some of you learned something about these marvelous medals I'm not surprised many sell them after a few years. I have to give my personal opinion, these have been the worse covered games in modern history. I haven't heard the Star Spangled Banner once not even on the replay. My opinion. Collect,enjoy buy books thanks Mike.
I decided to start my collection with these nickels. I don't have anything yet. I'm reading this book and finding it very interesting. I'm trying to find out why there are no spaces for the "S" nickels in the folder.