The parade of Nobel Prize medals coming to market continues. -Editor
The 1971 Nobel Prize in Economic Sciences awarded to prominent economist Simon Kuznets will be auctioned by Nate D. Sanders Auctions on February
26. It is the first Nobel Prize in Economic Sciences to ever be auctioned and only the fifth Nobel Prize to ever go under the hammer. Interested
bidders may participate in the auction online.
Dr. Kuznets, a Harvard University economist, pioneered the measurement of national income and economic development. He developed a
macroeconomics-based measurement system, which the Commerce Department uses to estimate the gross national product. The World Bank and private
economists adopted Kuznets’ system to estimate economic growth in industrial and third- world countries.
In 1971, the Swedish Royal Academy of Science awarded Dr. Kuznets the Nobel Memorial Prize in Economic Science for his ''empirically
founded interpretation of economic growth, which has led to new and deepened insight into the economic and social structure and process of
The gold medal bears Alfred Nobel’s image and the engraving ''Sveriges Riksbank Till Alfred Nobels Minne 1968” on one side. The medal’s
reverse side features the Royal Swedish Academy of Sciences’ north star emblem with the engraved phrase “Kungliga Vetenskapsakademien.''
“Simon Kuznet 1971” is engraved on the medal edge. The medal is displayed in the original red leather case with Dr. Kuznets’ name gilt stamped.
To read the complete article, see:
Simon Kuznets' 1971 Nobel Prize to be auctioned by Nate D. Sanders Auctions
The Nobel Economics medal is a different design than the more iconic medals awarded for science and medicine, and Dr. Kuznets is far
less well known than Watson and Crick, whose medals were sold recently for seven figures. Is $150K a fair estimate? Time will tell. -Editor
To read the earlier E-Sylum articles, see:
FRANCIS CRICK'S 1962 GOLD NOBEL PRIZE MEDAL TO BE AUCTIONED
WATSON'S 1962 NOBEL MEDAL BRINGS $4.75 MILLION
WHAT'S A GOLD NOBEL PRIZE MEDAL WORTH? (www.coinbooks.org/esylum_v16n16a12.html)
Wayne Homren, Editor
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