South Africa managed to bag a record-equalling 10 medals at the Rio Olympics, including two memorable golds. But what are those medals actually worth, if one of the winners wanted to sell them?

Sure SASCOC has promised decent money for our successful athletes, but they don’t seem so sure that they’ll ever see that cash (HERE).

At face value a 2016 gold medal is priced at around R7 500, with only the outer plating of the medal consisting of actual gold.

That being said, genuine Olympic medals have huge value among collectors who snap them up at special auctions or online trading sites.

The record price for an Olympic gold medal is believed to be $1,47 million (R21 million), paid in 2013 by an American billionaire for one of the four that Jesse Owens won at the 1936 Games.

$310 000 (R4,4 million) was also paid for a 1980 Winter Olympics gold medal won by a member of the U.S. ice hockey team, part of the famous ‘Miracle on Ice’ that defeated the powerhouse Soviet Union team.

Many of the medals are sold because the winners need the money, often for medical treatment, but several have been sold online for charity.

American Anthony Ervin, who won the 50 metre freestyle swim at Rio, put his gold medal from the same event in Sydney in 2000 on eBay, the parent site of Gumtree SA, and donated $17,101 (R240 000) to victims of the Indian Ocean tsunami.

Ukranian Wladimir Klitschko won boxing gold in the 1996 Atlanta Games, and auctioned the medal for $1 million (R14 million) to support his foundation for children’s sports camps and facilities.

Head of Marketing for Gumtree SA, Claire Cobbledick, says the site doesn’t have any Olympic medals posted for sale yet. But, with 86 medals won by South Africans in Olympic history (including 25 golds), she believes there must be many people holding items of immense potential value.

Some good news for collectors of medals, though, because is there is an interesting listing.

At the moment there is a bronze medal from the 1950 British Empire Games, now known as the Commonwealth Games, available for purchase on Gumtree at R10 000.

This is a rare medal, as only eight of them were won by South Africans at those games held in Auckland. Check it:

Your winner? A certain D. Robb:

The ad comes with this description:

British Empire games 1950 Olympic games bronze Winners medal. Won by D. Robb of South Africa for the 220 Yards. 63mm In presentation case and in mint condition..

No damage to the medal or to the box. Can be collected in Centurion. I do not have internet access and my daughter places and manages all my ads and does my correspondence for me.

220 yards would be 200 metres, in case you were wondering.

Money can’t buy you the Olympic experience, but it turns out it can buy you a few medals here and there.

Who wants to flog their 2016 efforts first?