Academy Award is widely-regarded as one of the most prestigious accolades one can receive. Those who win big at the star-studded event are frequently overcome with emotion, such as Halle Berry, whose 2002 acceptance speech for her historic Best Actress win is remembered as one of the most impassioned to ever be delivered on stage.
Ever since 2010, it has become tradition following the awards ceremony for the evening’s winners to take their statuettes to be engraved with their names.
One would assume that the golden figurines, etched with the names of some of the most high-profile individuals in Hollywood, would be worth a great deal.
However, the value of an Oscar is actually far lower than one may assume. In a 2017 video produced by Coinage, Time Inc. ’s personal finance company, it states the cost of making an Oscar statuette is around $400 (£307).
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