Award ribbons are an alternative if budget is a concern.
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Some budgets do not allow for medals, so presentation ribbons are used. There are two types, foil printed and screen printed. We prefer screen printed as foil tends to flake off and is not suitable for fine detail. Set up costs can also be expensive for foil, because a metal die has to be made.
Screen printing has minimum order quantities, which can be a mixed lot, but there are no set up costs.