Obama

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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)?

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:

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

Source is here.