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Originally Posted by Alex
From a purely logistical point of view, what is the legality of the president accepting the cash portion of the prize (or even the medal assuming it has significant cash value)?
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The Swedish Nobel medal is the size of a largish drink coaster and solid gold. They also give out copies to members of the family; those are gold-plated. For the Norwegian Nobel Peace medal:
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In its original form, the medal was in 23 carat gold and weighed 192 grams; from 1980 on this was changed to 18 carats and 196 grams. Its diameter has always remained the same: 6.6 cms
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Source is here.
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