The NFL gives the first 150 rings to the victors and pays around $5,000 for each ring manufactured. If the ring costs more to make, it is on to the team owner to reimburse the difference. Super Bowl rings were traditionally composed of gold and diamonds for many decades. In 1999, silver replaced gold as the standard material for a Super Bowl ring.
In February 2004, the NFL announced that it would no longer pay for gold or diamond rings when given as prizes. From then on, all rings will be made of sterling silver or plastic.
These days, luxury watch brands like Patek Philippe and Rolex are often used as awards. In addition, some players may keep their ring if they decide to move into management or become an agent; these individuals can usually sell their prize ring for hundreds or even thousands of dollars.
Finally, some teams have special rings that are awarded to their most valuable player. These rings are also made of silver or platinum and include at least two diamonds (with some exceptions). The Pittsburgh Steelers' MVP ring was designed by Dave Thomas and features two large white diamonds on either side of a black-on-black metal base plate with "MVP" written in gold lettering.
Thomas told ESPN that he wanted his design to be simple but still stand out.
It is determined by who is "on the team." The NFL, I think, pays for 150 gold and diamond rings with the Super Bowl number and club name, which the team distributes as it sees appropriate to: players, coaches, staff, supporters, and so on.
The Super Bowl rings are auctioned off after three years, with the proceeds going to local charities selected by each team.
For example, the Pittsburgh Steelers have been given the Gold Jacket ring made for them by Tiffany & Co. The cost of creating this ring was about $7,500. The team then sold about half of them during their championship season in 2007-08. The other half were kept by the team as collector's items.
So, they paid about half of what it cost to make the ring back when they were awarded them.
I believe the league takes a percentage of the sale price, which is why you rarely see cheap rings being auctioned off after they have been worn by the player. A ring used by Brett Favre might be worth hundreds or even thousands of dollars today!
And yes, those jerseys can sell for big money too!
Each pair of Super Bowl rings is valued at around $5 million, while the ultimate cost is determined by the team's desired design. The price can vary depending on various factors such as material, size, and history. Super Bowl I rings were made from silver and gold jewelry-setting materials while those in more recent games are mostly cast metals with some plating for aesthetic purposes.
The San Francisco 49ers have won three Super Bowls so far, with each ring being worth about $5 million today. The largest collection of NFL championship rings is at the National Football Museum in Dallas, where nine of the 10 most valuable Super Bowl rings are on display.
Super Bowl LI was played between the New England Patriots and Atlanta Falcons at University of Phoenix Stadium in Glendale, Arizona. It was the first time that both finalists were undefeated entering the game. New England defeated Atlanta 34-28 to claim its third title and second consecutive championship.
The Patriots' ring features 12 diamonds with two other gems included as part of a faceting pattern: one white diamond for New England and one black diamond for Boston. It is estimated to be worth about $5 million dollars.
While most Super Bowl rings cost between $30,000 and $50,000, their value skyrockets when gifted to a celebrity. For example, Lawrence Taylor's ring sold for more than $230,000. Other high-profile players who have had their rings made include Joe Namath, John Elway, Charles Woodson, Deion Sanders, Andre Dawson, Barry Sanders, and Jerry Rice.
The price of a Super Bowl ring is determined by many factors. These include the player's role on the team, the make and model of the ring, and its grade by a certified gemologist. A Super Bowl ring that was worn by Lawrence Taylor, for example, would be much more valuable than one that was given to him as a gift. Rings are also valued based on their condition. If there are cracks in the ring or it has been repaired, this will reduce its value.
Super Bowl rings are issued by jewelers who custom design them with diamonds or other precious stones. Some rings feature several diamonds, while others are completely gold or silver. The size of the stone also affects price; the larger the better. Gold and platinum are both used to make Super Bowl rings, but they are usually made from the same metal because they are almost always paired with each other as studs and settings.
While most Super Bowl rings cost between $30,000 and $50,000, their value skyrockets when given to a celebrity. In 2014, the Dallas Cowboys awarded their two Super Bowl rings to Tony Romo and Michael Irvin.
The cost of these rings was completely covered by the team. Irvin's ring had diamonds and gold plates covering its surface, while Romo's ring was made of white gold with a black onyx center stone.
Their values are currently estimated at $500,000 per ring. So, the total cost for these two rings is $1 million.
In 2008, the Pittsburgh Steelers gave two rings to quarterback Ben Roethlisberger and running back Jerome Bettis. The cost of these rings was also covered by the team.
They are valued at $250,000 each. So, the total cost for these three rings is $750,000.
In 2004, the Carolina Panthers gave one ring to defensive end Charles Johnson and another unknown player. No information about the cost or the players involved in this ring ceremony has been released. It is assumed that they are worth millions since the team won the championship that year.
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