Mint, each valued at around at the time of Swordquests release. The prizes were: Earthworld: The "Talisman of Penultimate Truth", an 18-karat solid gold disc studded with 12 diamonds, the birthstones of the 12 Zodiac signs and a miniature white gold sword set atop it. Fireworld: The "Chalice of Light", a goblet made of platinum and gold studded with diamonds, rubies, sapphires, pearls, and green jade. Waterworld: The "Crown of Life", a solid gold crown decorated with diamonds, rubies, sapphires, and aquamarines. Airworld: The "Philosopher's Stone", a large piece of white jade encased in an 18-karat gold box encrusted with emeralds, rubies, and diamonds. The four winners would then have competed in a final contest to win the ultimate prize, "The Sword of Ultimate Sorcery" with a silver blade and an 18-carat gold handle covered with diamonds, emeralds, sapphires, and rubies, that was valued at For Earthworld, about 5000 entries were received, but only eight answered correctly. The contest was held in May 1983, with Stephen Bell winning the Talisman. For Fireworld, Atari received several more entries, with 73 of these being correct. For practicality, Atari required the 73 finalists to write a brief essay of what they liked about the game, selecting the top 50 replies to continue to the final competition, held in January 1984. This was won by Michael Rideout, who was awarded the Chalice. At this point in time, Atari had suffered major financial setbacks due to the 1983 video game crash. Atari was further in the midst of dealing with fallout from an insider trading scandal by former CEO Ray Kassar; Kassar was replaced by James J. Morgan in mid-1983, and looking to cut financial losses, eventually cancelled the Swordquest project, despite work having already started on Airworld. However, because the company had already advertised the availability of the Waterworld contest, Atari's lawyers required the company to continue the contest. To limit the number of entries, Waterworld was only made available to members of the Atari Club. During the contest period, in mid-1984, Atari was sold to Jack Tramiel, the owner of Commodore International. Tramiel, who had been more focused on the success of home computers than gaming consoles, placed the Atari divisions in a new company, Tramel Technology, and reviewed the state of all divisions, furthering the troubles in completing the Waterworld contest. Most who did enter the Waterworld contest were told they did