How Much Is an Olympic Gold Medal Worth and Answers to 5 Other Olympic Questions

Picture a can of green beans, 412 grams lightly placed in your hand to the echoing of ferocious claps and passionate cheers. You've just won a gold medal.

But wait? Isn't it pure gold? Nope.

Comprised of 1.34 percent gold, 93 percent silver and six percent copper, this "gold" medal isn't quite as valuable as we once believed. $650 when melted down and sold at market value to be precise. Wow.

Now that we've cleared up one of the most studied curiosities surrounding the legendary Olympic Games, we can approach five other questions that have been driving us fans mad.

Here are the answers to five other intriguing questions.

Grab a pen.

5. Who Is the Oldest Olympian of All Time?

Not only did Swedish shooter Oscar Swahn win his first Olympic gold medal at 60-years-old, but he even competed two more times.

He became the oldest gold medalist ever when he secured the ultimate prize at the 1912 Games. And finally, Swahn made history when he was the oldest sportsman to compete in the 1920 Summer Olympics.

Three golds, one silver and two bronzes for the aged legend.

4. Has an Olympian Ever Won a Gold Medal in Both the Summer and Winter Games?

Two actually...American boxer Eddie Eagan (Summer of 1920 and Winter of 1932) and Swedish figure skater Gillis Grafstrom (Summer of 1920 and Winter of 1924 and 1928).

But Eagan remains the only competitor in history to win a gold in two different disciplines, considering he won a gold medal in the light-heavyweight division as a boxer in 1920 and then again as a member of the bobsleigh crew at the '32 Games.

Breathtaking stuff.

3. Why Won't Michael Phelps March at the Opening Ceremony?

As he prepares for the 400-meter individual medley scheduled to erupt at 10 a.m. on Saturday, swimming phenom Michael Phelps can't possibly be shaking off the cobwebs from hours of standing and marching. 

It's all about rest for the 14-time gold medalist.

2. Has Any Country Won a Gold Medal at Every Summer Olympics?

Of course, and it's none other than Great Britain, from one gold in 1904, 1952 and 1996 to 56 gold medals in 1908.

Swimmer Hannah Miley seems ready to maintain tradition.

1. Why Are the Games Called the Olympics?

The legendary Games were once offered as a religious festival to honor the Greek gods Zeus and Hera, in the holy sanctuary of Ancient Greece. Naturally known as Olympia.

Legendary, mysterious, regal.