The prize is awarded by Svenska Folkdansringen, the Swedish national organization for traditional music, dance and handicraft.
For this occasion, the artist Anders Zorn, who was interested in the revival of traditional folk culture, designed and financed a silver badge for distribution to all the participating spelmän.
The Jury would grant a number of different awards to those spelmän, the highest of which would be Anders Zorn's silver badge.
[1] The bronze and silver badges are awarded after trials, which take place at regional folk musicians' gatherings where a jury from Svenska Folkdansringen is present.
[2] Sth Mora * Silver Badge awards to Granhammar in 1931 and Dahlgren in 1933 were done without a live performance and was decided by the board of directors at Ungdomsringen.