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How much money is an Emmy award worth?

Emmy awards are not worth their weight in gold, but despite how cheap the manufacturing of one of the most famous statuette's is, the esteem is priceless.

Value of Emmy awards
Richard ShotwellRichard Shotwell/Invision/AP

Every year, actors, directors, writers and everyone behind all those spectacles that we watch on our screens throughout the year, await for the moment to dust off their suits and strut their stuff along one of the fanciest red carpets on offer: the one that leads in to the Emmy awards.

As that moment gets closer, enthusiastic spectators often recreate in their minds how the ceremony is going to transpire, desperately trying to guess which stars of what shows will walk away triumphant at the end of the night. However, one question that always enters people's minds days before the event is: how much is an Emmy award actually worth?

Emmy award is not worth its weight in gold

I know, my heading above has probably just messed up all of your initial theories and calculations as you began to estimate the exact price of an Emmy statuette.

Despite the grandeur of the event, the statuette's appearance and the huge significance teams behind the scenes give to this award, you'd probably think they are literally made out of gold. But actually they are not, and this therefore, drops its value to somewhere lower than what you expected.

An ounce of solid gold is probably worth around $1,500. Compare that to the amount spent on manufacturing one of the awards -- which are made of copper and nickel with only a thin coating of gold -- at just $300 each, according to information out of CNBC, a figure that may seem puzzling for many taking into account the importance given to the ceremony.

But the fact is, the awards given out at the main 73rd Emmys ceremony will be nothing compared to all those which have been already given out this year -- those from the Creative Art Emmy ceremony on 12 September -- so covering the costs of all solid gold Emmys is simply not viable.

Emmy esteem is priceless

In Hollywood perception reigns when talking about success. That's why the reason behind a bunch of people investing millions of dollars on the hope of having a chance to win a $300 dollar stattuete makes so much sense.

If the pride of having an Emmy came solely from the value of the golden statuette then nobody would even attempt to achieve a nomination. However, the honor of the Emmy goes so much further than that, with the esteem that comes with the win proving to be something that can't be compared to any other feeling. Your work is recognized not only by the Television Academy, but by everyone in the acting world.

Emmy winners are trusted. Emmy winners are respected. Emmy winners are seen.

That is why there is no possible price you can attribute to an Emmy win.