The rising value of the EURO Trophy

As the UEFA European Championship unfolds, the focus is on which team will emerge victorious and lift the coveted Henri Delaunay Trophy.  In 2008, UEFA unveiled a new version of the trophy, crafted from sterling silver, standing 60 centimetres tall and weighing eight kilograms.

At Saxo, 2024 continues to retain the title as the year of metals, as the price of precious metals has a grown over the year. For fun, as the sterling silver trophy has a composition of minimum 92.5% Silver, and maximum 7.5% Copper (and/or other alloys), we decided to ask ourselves how much has the rise in metals’ prices impacted its raw value?

Since 2008, the price of silver has surged by 64%, leading to a clear rise in the trophy's worth. Today, the trophy’s silver content alone is valued at USD 7,137.57, with the copper (assuming that copper makes up the remaining 7.5% of sterling silver) amounting to USD 6.08, bringing the total to USD 7,143.65.

Comparative values over the years

The table below highlights the trophy's value over different years, reflecting the fluctuating prices of silver and copper, with each of the prices being taken from the start date for each of the last 5 UEFA EUROS tournaments:

These figures underline the dramatic rise in the value of the Henri Delaunay Trophy, primarily driven by the increasing prices of the metals used in its construction.