Modern Olympic Games date back to 1896 when Athens hosted the first event. Historical records have traced the first ancient Olympic Games to around 776 BC. The games then included running, long jump, shot put, javelin, boxing, pankration and equestrian events. Today's summer games consist of around 300 events with over 200 nations in attendance. London is the host of this year's Olympic Games. It's the third time the city has hosted the event. The Olympic Games are arguably the most recognized competition in the world. It is one of the few events performed on a global scale where multiple sports are involved. For many athletes, achieving gold in the Olympic Games is the pinnacle of their careers. As a result, the gold medal is priceless to those who receive the precious prize. The fact still remains the medals are manufactured. So what is the actual value of an Olympic gold medal?