Gold Medal From 1984 U.S. Olympic Basketball Team Expected to Sell for $70K

A gold medal from the 1984 U.S. Olympic men's basketball team is expected to sell for about $70,000, according to Boston-based RR Auction, the Associated Press reported.

The gold-medal-winning team featured future NBA stars Michael Jordan, Chris Mullin and Patrick Ewing and was led by coach Bobby Knight. The team averaged more than 95 points per game with an 8-0 record and held their opponents to an average of about 63 points per game.

"Anything from the U.S. basketball team—and the 1980 men's hockey team—always demands a lot of interest," RR Auction Executive Vice President Bobby Livingston said.

The medal was originally obtained by a collector who bought it directly from a team member, but Livingston said the identity of the player remains confidential. The collector then consigned the medal to be auctioned.

For more reporting from the Associated Press, see below.

1984 Silver Medal
A gold medal from the 1984 Olympics won by a member of the U.S. men's basketball team is expected to sell for $70,000 at auction by Boston-based RR Auction. Above, a Los Angeles 1984 Summer Olympics silver medal is displayed at Julien’s Auctions on May 18, 2020, in Culver City, California. Rich Fury/Getty Images

When the first modern Olympics were held in Athens in 1896, winners did not get gold medals as they will later this month when the Tokyo Games get underway. Instead, they got silver, while runners-up got bronze. There were no medals for third place.

One of those exceedingly rare first-place silver medals is for sale in an Olympics-themed auction that opens Thursday.

The nearly 200-lot sale hosted by RR Auction also includes several Olympic torches, including one used during last year's torch relay before it was shut down because of the coronavirus pandemic.

"Interest is high now with the Tokyo Olympics approaching," Livingston said.

The 1896 silver medal is expected to sell for about $75,000 given its rarity, Livingston said. Unlike today's behemoth Games with thousands of athletes and hundreds of events, the 1896 Olympiad featured about 250 athletes—all men—from a little more than a dozen nations competing in 10 sports.

A bronze medal from the same year is expected to fetch around $40,000.

Unfortunately, who won the medals has been lost to time, Livingston said.

Some of the other items for sale include a gold medal awarded to Swedish wrestler Ivar Johansson in the 1932 Summer Games in Los Angeles and a silver won by Bill "Rabbit" Thomson as a member of the Canadian hockey team in the 1936 Winter Games in Garmisch-Partenkirchen in Germany.

The torches for sale include those from the 1994 Winter Olympics in Lillehammer, Norway; the 1980 Winter Olympics in Lake Placid, New York; and the 1976 Winter Games in Innsbruck, Austria.

One of the more unusual items is a 17-foot (5.2-meter) wooden kayak used by Rolf Peterson of Sweden to win a gold medal at the 1964 Tokyo Games. It will set you back about $30,000.

Olympic Torch
This photo provided by RR Auction of Boston is of an Olympic torch from the postponed Tokyo 2020 Games. Olympic medals dating to 1896, relay torches from several eras, and other Olympic memorabilia are among the items being auctioned by RR Auction, just 10 days before the start of the Tokyo Games. Nikki Brickett/RR Auction via AP