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Royal Society agreed to Folkes' proposal, passing a resolution that the annual Copley grant of five pounds (roughly equivalent to £ in ) be converted to a gold medal "of the same Value, with the Arms of the Society impress'd on it", to be gifted "for the best Experiment produced within the Year, and bestowed in such a manner as to avoid any Envy or Disgust in Rivalship". John Belchier was the first to receive the new award in 1737; due to delays in approving a medal design, however, the medal, designed

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