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Nobel laureates receive a medal, diploma, and cash prize, with the amount being 10 million Swedish kronor in 2005. The prize is awarded in Stockholm, except for the Peace Prize, which is awarded in Oslo, and winners are announced in October and presented with the prize on December 10. The diploma is in calligraphy and can be regarded as a work of art, while the medal is made of 18K green gold plated with 24K gold and engraved with the winner’s name.
In addition to immense prestige, Nobel laureates also receive more concrete benefits. The Nobel Prize includes the Nobel Medal, a diploma and a cash prize. Prizes are usually awarded in Stockholm, with the exception of the Peace Prize, which is awarded in Oslo. The prize is always distributed on December 10, the anniversary of Alfred Nobel’s death, and the winners are announced in October.
The Nobel Prize includes the prize itself, made of 18K green gold plated with 24K gold and cast by the Swedish Mint. The design of the Physics and Chemistry, Physiology and Medicine and Peace prizes, with Alfred Nobel on the front and a symbol of the area where the prize was awarded on the reverse, together with a motto in Latin, has been in use since 1902. The The winner’s name is also engraved directly into the back of the metal or along the rim, depending on the prize. The Nobel Prize is presented in a protective case.
With the Nobel prize comes a diploma, in calligraphy, in Swedish or Norwegian depending on the award. The amazing diplomas can be regarded as works of art and many famous artists and calligraphers have worked on them. Swedish diplomas include a quote explaining why the award was given to the recipient, while Norwegian diplomas are traditionally plain. The diploma designs have varied over the years and differ according to the reason for which the award was made. Many of the awards also include custom artwork commemorating that year’s honorees.
Nobel Prize winners also receive prize money, which in 2005 was ten million Swedish kronor, or about 1.3 million US dollars. This amount is confirmed on the Nobel Prize diploma and, traditionally, winners donate this amount to scientific, cultural or humanitarian causes, although this is not mandatory. In the case of two winners in a category, the sum is split between them – if there are three, the prize is split three ways, or more rarely, one winner gets half the money and the rest is split between the other two.
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