What is Total Worth of Nobel Prize Medal?
What do Mother Theresa, President Barack Obama, Martin Luther King, Jr., and Albert Einstein all have in common? They are all winners of the Nobel Prize. But how much does a medal really cost?
The medals are constructed from a core of 18-carat green gold and 24 carat gold-plated. The value of the gold alone in this medal, which weighs more than six ounces, is close to $8,000. However, the actual worth of gold is far more important than its price. The value of these medals is most strongly influenced by factors like the award category and the winner.
Each of the six Nobel Prize categories—peace, literature, physics, chemistry, physiology, and economics—has a different monetary value. Perhaps the most prestigious and typically more valuable award is the Nobel Peace Prize. The worth of medals, however, cannot be determined by categories alone.
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The value of a Nobel Prize is mostly determined by the fame and achievements of the laureate. Recently, Nobel Peace laureate Dmitry Muratov auctioned his Nobel peace price to help Ukrainian child refugees for record $103.5 million.
Prior to Muratov, Leon Lederman, a physicist, sold his Nobel Prize medal in 2015 for $765k to cover his soaring medical expenses. In 2011, the University of Chicago professor first experienced memory loss, and he passed away in 2018.
It’s realistic to imagine that a more well-known name might definitely fetch much more.
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