This Day in History… December 10, 1901

U.S. #3504 – Famous for inventing dynamite, Alfred Nobel actually held 355 different patents.

First Nobel Prizes are Awarded

As instructed by their benefactor, the first Nobel Prizes were awarded on December 10, 1901, on the fifth anniversary of Alfred Nobel’s death.

Alfred Nobel was a Swedish industrialist whose work stabilizing nitroglycerin led to patents for dynamite, blasting gelatin, and ballistite (a smokeless powder propellant). He earned great wealth through the manufacture of explosives in Europe and the United States. Nobel left the vast majority of his fortune to establish the Nobel Prizes after his death on December 10, 1896.

Item #M7314 – Mint sheet honoring the 100th anniversary of the Nobel Prize.

The first Nobel Peace Prize was awarded to Jean-Henry Dunant as the founder of the Red Cross. Although living in a Swiss poorhouse at the time of his award, Dunant continued his nature of generosity by giving the prize money to charity. The Red Cross Organization has been awarded the Nobel Peace Prize three times – 1917, 1944, and 1963.

U.S. #557 – Roosevelt was the first of 357 Americans to win the Nobel Prize

Following the death of his Secretary of State in July 1905, President Theodore Roosevelt took charge of the negotiations to end the Russo-Japanese War. He hosted diplomats from both nations at his home at Sagamore Hill in Oyster Bay, New York, as well as at the naval base in Portsmouth, Virginia, after which the eventual Treaty of Portsmouth was named.

Item #571167B – U.S. and Sweden Nobel Prize joint issue First Day Cover.

The following year, Roosevelt was awarded the Nobel Peace Prize for his efforts in ending the Russo-Japanese War and overseeing the peace talks, making him the first American to receive the distinguished award. Roosevelt did not think it was right to travel and pick up his award while still in office, so he waited until after his term in 1910. He gladly accepted his medal, but did not want the prize money. He felt that he had only received the award because he was President, and wanted the money to benefit the nation. He initially planned to have the money placed in a trust for the industrial peace of the nation. By 1918, the trust was established, though the money had collected interest and totaled over $45,000. So Roosevelt made some 28 different donations to help war relief efforts, including to the Red Cross and Y.M.C.A.

Item #UNG175– The U.N. received the Nobel Prize in 1988 for the efforts of their peace-keeping forces.

As stated in Nobel’s will, five prize categories reward those people whose work benefits humanity. (An additional award for economics was funded by the Bank of Sweden in 1968.) And two separate groups select and award Nobel Prizes. Both award ceremonies are held on December 10 in Nobel’s honor. The King of Sweden presents awards for physics, chemistry, medicine, and literature in the Stockholm Concert Hall. The Chairman of the Norwegian Nobel Committee in Oslo bestows the Nobel Peace Prize with the King and Queen of Norway in attendance. As of 2012, each Laureate (Nobel Prize recipient) receives a medal, a diploma, and a monetary prize of eight million Kronor ($1.2 million U.S.). Up to three people may be awarded each prize. In that case, the prize money is divided between them. Formal banquets follow the award ceremonies in both countries, with the Royal Families and world dignitaries attending.

Item #UN816 – The U.N. received the Nobel Prize again in 2001 for “their work for a better organized and more peaceful world.”

There have been 893 Nobel Laureates to date – 870 individuals and 23 organizations. Of this number, 821 were men and 49 were women. However, one of the women – Marie Curie – was one of only four people to receive two Nobel Prizes (1903-Physics and 1911-Chemistry).

The youngest recipient was 25-year-old Lawrence Bragg for physics in 1915. The oldest was 88-year-old Raymond Davis Jr., also for physics, in 2002.

Click the images to add this history to your collection.

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