The Karl Gustav Hansen Prize was founded in 2001 by Udviklingsfonden for Museet på Koldinghus.

The aims of the prize are:
.  to encourage Danish silversmiths to continue working with hollowware
.  to add contemporary hollowware to the silver collection at Koldinghus.

The prize is awarded to a Danish silversmith. In special cases it can be awarded to a foreign silversmith who works within the Danish silver tradition. The prize is awarded annually.

The Karl Gustav Hansen Prize is named after the silversmith Karl Gustav Hansen (1914-2002), who was one of the most important figures amongst Danish silversmiths in the twentieth century, and for many years the artistic force behind Hans Hansen Sølvsmedie A/S, Kolding.

Sponsor 2001-2003: Lisbeth Petersens Fond
Sponsor 2004: Koldinghusmuseets Venner
Sponsor 2005-2007: Koldinghusmuseets Venner og Poul og Hildur Kingo Pedersens Mindelegat
Sponsor 2008-2009: Metal Vennerne

The Karl Gustav Hansen Prize has been awarded to:
2001: Leon Kastbjerg Nielsen
2002: Erik Sjødahl
2003: Wilfried Moll
2004: Allan Scharff
2005: Carsten From Andersen
2006: Lasse Bæhring
2007: Ib Bluitgen
2008: Per Sax Møller
2009: Claus Bjerring