The winners of the 2018 FIFA World Cup, which takes place in Russia, will be able to rise up the gold FIFA World Cup Trophy again. However, how much gold is actually in it? What is its value? This was told by Dominic Lochmann of ESG Edelmetalle.
Thursday, June 14, 2018 saw the beginning of the FIFA World Cup in Russia. The German team won the FIFA World Cup Trophy during the FIFA World Cup in Brazil four years ago. Many people would like to know what its actual value is.
Dominic Lochmann, the managing director of ESG Edelmetalle-Service GmbH & Co. KG, spoke about the value of the World Cup Trophy: “According to the historical and public point of view, the FIFA World Cup Trophy is simply priceless. The material which it is made of has a great value. The Trophy has a height of 36.8 cm and a weight of 6.1 kg. It is made of pure gold of 18 carats. If we calculate the cost of the precious metal, we will get an impressive amount of money.”The modern form of the FIFA World Cup Trophy was first awarded in 1974. It was made by the Italian company Stabilimento Artistico Bertoni. It represents two people holding the Earth with their hands.
The expert said the following: “The basis of FIFA World Cup Trophy is two malachite rings with weight of 1.2 kg. The remaining 4.9 kg are metals: 75% – gold (3,675 kg) and 25% – other metals to make the Trophy durable, because pure gold is very soft. The current gold price is 36 Euro per 1 gram. It turns out that the World Cup Trophy is worth at least 132.300 Euro.”
For comparison, the cost of the material for the statue of Oscar, which is covered with a thin layer of gold, is only 250-300 Euro. “There is no wonder that it is owned by FIFA. As a rule, the Trophy is stored in the museum in Zurich. It is taken to the respective country of the competition during the World Cup. The winning team takes with them a copy of the Trophy made of bronze, covered with a thin layer of gold”