London 2012 Olympic gold medal brings $55,831 in July 21 sale

Winner’s recognition among 296 memorabilia lots
By , Coin World
Published : 08/01/16
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An anonymous collector from the United Kingdom paid $55,831 to acquire a winning gold medal from the 2012 London Summer Olympic Games that was offered by RR Auction.

The gold medal was among 296 lots of Olympic memorabilia, including 44 participation medals, 19 winners’ medals and 31 torches offered in the online sale, which opened July 14 and closed July 21.

The sale brought total prices realized of $302,250, which includes the 22.5 percent buyer’s fee added to the final closing hammer price of each lot won.

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The auction company did not disclose the incuse edge inscription identifying the sport for which the gold medal was presented, as doing so would also help identify the recipient of the medal. The auction company said the edge inscription would be disclosed only to the winning bidder.

The medal is gilt silver, 85 millimeters in diameter, and was designed by British artist David Watkins. The obverse of the medal features XXX OLYMPIAD LONDON 2012 inscribed along the top border, above the winged Nike over Panathinaikon Stadium with the Acropolis in the background.

The reverse features the emblem of the London Games against an abstract linear background.

Other auction results include:

➤ Innsbruck 1976 Winter Olympics torch, $22,826.   

➤ London 1908 Summer Olympics gold winner’s medal, $19,232.    

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