How Much is Oscar Gold Worth?

Those Oscar statuettes that certain stars took home last night many not be worth their weight in gold. According to one newspaper, they are not made of solid gold, but are made of gold-plated britannium. The gold-plated britannium statue is placed on a metal base and in total the approximate value of an Oscar statuette is $500.

Now if the Oscar statuettes were actually made of gold, then they might be worth around $132,000.  But as we have stated, these awards are not made of pure gold. Their worth does not lie so much in what they are made of, as it lies in the prestige and honor that comes with winning such an award.

Not that any of this speculation matters; the Academy of Motion Picture Arts and Sciences has rules against the selling of Oscar gold. Each gold statuette is engraved with a serial number and Academy policy requires that all winners sell the gold statuettes that they don't want back to the Academy for a dollar.

But this "no-sell" rule does not apply to the gold statuettes that were made before the rule was in place. And since the rule dates back to the 1950s, gold Oscar statuettes from the early days of motion pictures can be sold. Michael Jackson is said to have purchased a gold statuette that was made of honor the movie "Gone with the Wind." The media recently made mention of Jackson auctioning off belongings, so it possible that this gold statuette was sold with other belongings.

It is not easy to put a price on something like the gold Oscar statue that people get for the various aspects of working on a movie. For some who may have had a bad experience, it may be worth very little. For others, they cannot imagine trying to attach a dollar amount to the time they spent creating a cinematic masterpiece.

Good thing for us that when it is time to sell gold, we have some very definite sources that we can turn to get information on the value of gold. You do not have to try to “guesstimate” how much your gold is worth. You can consult a gold buyer and also look to websites like www.kitco.com to find out the price of gold.