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Word Count: 319
The Nobel Prize The Nobel prize is the first international award given out every year since 1901 Physics chemistry medicine literature and peace are the five prizes to be won In 1968 the Sveriges Riksbank The Bank of Sweden instituted the Prize in Economic Sciences in memory of Alfred Nobel founder of the Nobel Prize In the beginning more than three prize winners could share a Nobel Prize although this was never practiced In 1968 the number of prize winners was restricted to three When someone wins the Nobel prize they are awarded with a diploma a medal and a cash prize which varies every year In the years 2001 and 2002 the Nobel prize winners were awarded 10000000 The medals that the winners are awarded look like this The medals for Physics Chemistry Physiology or Medicine and Literature were modeled by the Swedish sculptor and engraver Erik Lindberg and the Peace medal by sculptor Gustav Vigeland The front side of the three Swedish medals Physics and Chemistry Physiology or Medicine and Literature is the same featuring a portrait of Alfred Nobel and the years of his birth and death in Latin which is written as NAT-MDCCC XXXIII OB-MDCCC XCVI Alfreds face on the Peace and economics medal has a different design The back of the three Swedish medals all have the same words engraved Inventas vitam juvat excoluisse per artes The Peace medal has the inscription Pro pace et fraternitate gentium and the Economics medal has no quotation at all on the reverse Up to 1980 the three Swedish medals were made with 23 k gold and weighed approximately 200g Now they are made of 18 k green gold plated with 24 k gold Amartya Sen Amartya Sen was the winner of the Nobel Economics prize in 1998 When he won he earned a diploma that looked like this
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