What’s the Worth, Value and Price of Military Medals, Orders and Awards? (2024)

What’s the Worth, Value and Price of Military Medals, Orders and Awards? (1)

Articles > Medal Collecting

The reason many of us collect military medals is because they allow us todiscover not only major historical events, but also people’s experiences in such extreme circ*mstances. They help us appreciate the value of the sacrifices soldiers have made all around the world and, unlike coins which are created in large numbers, they relate to a person’s particular path.

It’s hard to determine theworthof such objects, but themonetary valueis something we can calculate based on scarcity and other similar factors. In this article we’ll go through them one by one.

The Value of a Military Medal

Military medals hold various forms of value. For instance, there’s their bouillon value, sentimental value, and collector value, to their insurance value. So, let’s delve into these to see how they contribute to the overall significance and worth of military medals.

Bullion Value

Thebullion valueof a military medal or award is the value of the metal with which it has been made, for example silver, gold or platinum. The bullion value is measured in dollars and per ounce, although the number can vary on a daily basis as is the case with all precious metals. The bullion value is not the final value of a medal, but only that of its material.

The first thing you need to is to find thefineness of the metal. For gold, the quality is measured in karats, which refers to the purity and ranges from 1 to 24. You can get its percentage purity by dividing any of these numbers by 24. For example, if you have 24K, you get 1.0 which means 100% pure gold.

Once you have this value, all you need to do is weight the medal (in grams) and multiply this value by the metal’s fineness. Then, multiply the result by the daily metal price. If you were to melt your medal, this would be its bullion value. You can use:

Sentimental Value

A medal, especially one that has been in your family for generations or was given to you by a person you care for, can be priceless. Therefore, this value cannot be measured in terms of money.

These medals often represent the bravery, sacrifice, and service of individuals and are cherished as treasured heirlooms, carrying profound meaning and memories. Many medal collectors (me included) consider themselves as the current custodian of a medal, rather than the owner. This fact actually offers comfort to those that have to part with their family heirlooms.

The Congressional Gold Medal

The medal with the highest bullion value is the Congressional Gold Medal, awarded by the United States Congress.

Collector Value

When a medal hasn’t belonged to a family member, we consider it as part of a ‘secondary market’. These medals tend to change hands frequently and usually hold acurrent market value. In other words, their price is calculated based on how much a collector wants them.

Nowadays, World War II medals can fetch as little as $5 to $10. The main reason is that these medals are usually unnamed and can’t be easily linked to a recipient. Others, however, have been issued in small quantities and have a higher collector’s value. In 2009, a Victoria Cross and Bar awarded to Capt Noel Chavasse for service in the First World War sold for over £1.5m.

Military medals are generally divided into two large groups: Those awarded for gallantry, and those awarded for taking part in a campaign.

Insurance Value

You calculate the insurance value of a medal based on how much you would need to pay to locate a similar one. This should include the time to locate it as well. The insurance value is not always easy to determine, so we will go into more detail in the next section.

The Victoria Cross

The Victoria Cross holds immense appeal and is highly sought after by military medal collectors and enthusiasts.

Appraising a Military Medal

Appraising a military medal involves considering two key aspects: condition and provenance. Collectors and appraisers assess factors such as wear, damage, and overall preservation. Medals in excellent condition, with minimal signs of wear or damage, generally command higher values compared to those in poor condition. Furthermore, the more comprehensive and well-documented the provenance, the greater the potential impact on the medal’s value.

Condition

There are many factors that come in play when appraising a military medal.

The first one is thecondition, whether its highpoints have any wear and the edges are free from nicks. A medal which has lots of wear, edge knocks or is fire damaged is worth less than one that is in an overall ‘good’ condition.

The medal grading terminology based on condition is as follows:

  • Fine(F): Medal shows some slight wear, surface marks and edge knocks.
  • Good Fine(G.F): Worn but shows clear signs of wear.
  • Very Fine(V.F): Shows clear wear on high relief of medal but otherwise displays little wear.
  • Good Very Fine(G.V.F): Shows very few marks or blemishes and/or deeply toned.
  • Extremely Fine(E.F): Shows little wear if any at all.
  • Mint(M):As close as possible to the condition in which it was issued by the mint.
What’s the Worth, Value and Price of Military Medals, Orders and Awards? (4)
What’s the Worth, Value and Price of Military Medals, Orders and Awards? (5)
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Provenance

Condition plays an important part in appraising a military medal, but what’s also incredibly important is its background.

Whatmedal is it, and towhomwas it given?How manyof it were awarded, and how many are available? Does it have itsoriginal ribbon and boxof issue? Is there paperwork to follow itsprovenance?

Collectors are particularly interested in the stories that led to the awards. This is why having documents or related ephemera can significantly add to a medal’s value. They help prove provenance, and create historical interest.

Some medals were issued in large numbers, which brings their monetary value down. This is for example the case of theBritish War medal– £10 because they were awarded to any British Empire combatant. TheVictoria Cross, on the other hand, only counts with 1,357 medals in existence, making it theholy grailfor collectors. Almost every VC from theFirst World Warsurpasses £100,000.

It’s hard to determine theworthof such objects, but themonetary value is something we can calculate based on scarcity and other similar factors.

Conclusion: The Value of a Medal

The combination of condition and provenance helps determine the overall value of a military medal.

An exceptional condition coupled with a well-documented and illustrious provenance can significantly enhance a medal’s worth. However, it’s important to consult experienced professionals, such as military medal experts or reputable appraisers, who possess the necessary knowledge and expertise to accurately evaluate and appraise these historical artifacts

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What’s the Worth, Value and Price of Military Medals, Orders and Awards? (2024)

FAQs

How do you find the value of war medals? ›

When it comes to deciding a medals' value, there are a number of factors which always have a significant influence. Age, condition and rarity are always important when grading military medals, but the campaign for which it was awarded is also of importance.

Are old military medals worth anything? ›

Collector Value

Nowadays, World War II medals can fetch as little as $5 to $10. The main reason is that these medals are usually unnamed and can't be easily linked to a recipient. Others, however, have been issued in small quantities and have a higher collector's value.

How much do medal of Honors sell for? ›

The Medal of Honor is priceless. Trying to sell or buy one is a federal offense.

How do I find out what a military medal was awarded for? ›

In most cases, the best place to start is the London Gazette, available on The Gazette website, though for many medals a citation was not published (see the table below for medal-by-medal details). You can search the Gazette by name, service number, publication date and type of award.

Can you sell medals for money? ›

Certain Medals are prohibited, so you will need to be aware and take the time to familiarise yourself with the terms and conditions of sale. You could consider selling directly to dealers who will provide you with a swift sale. We would advise contacting several dealers to ensure you are getting the best deal.

How to sell war medals? ›

Your old War Medals can be surprisingly valuable. Simply pack up and send them to us for free and we'll make you a cash offer. If you like it (and we think you will!), we'll send you the money that day. If not, we'll return everything for free.

Are military medals legal to sell? ›

-Whoever knowingly wears, manufactures, or sells any decoration or medal authorized by Congress for the armed forces of the United States, or any of the service medals or badges awarded to the members of such forces, or the ribbon, button, or rosette of any such badge, decoration or medal, or any colorable imitation ...

How much are medals worth? ›

Prices vary massively for campaign medals, but a British War medal, issued to any British Empire combatant, can be acquired for as little as £10. Nowadays, Second World War stars can fetch as little as £5 to £10 because these medals are not named and it is difficult to link them to the recipient.

Has anyone received 2 Medal of Honors? ›

Can someone receive more than one Medal of Honor? Yes. There have been 19 servicemen who have received two Medals of Honor.

Do generals salute Medal of Honor winners? ›

Although not required by law or military regulation of all military services, members of the uniformed services are encouraged to render salutes to recipients of the Medal of Honor as a matter of respect and courtesy regardless of rank or status, whether or not they are in uniform.

What is the rarest medal to receive in the military? ›

The "Tiffany Cross" was not a popular award and is the rarest of all Medals of Honor in existence.

How to find out what medals someone has? ›

The National Archives (TNA) guides on Campaign and Service Medals and Gallantry Medals provide more detailed information. The full collection of Naval Medal and Award Rolls covering campaign, service and gallantry medals for naval personnel 1793–1972, held by TNA (ADM 171) is available to search on Ancestry (£).

Are military medals numbered? ›

The practice of serially numbering medals appears to have begun in the years immediately following the Civil War. Prior to that war there were very few medals and to the author's knowledge none with serial numbers. One of the first numbered medals was the Grand Army of the Republic Badge.

Is it legal to sell war medals? ›

Whoever knowingly purchases, attempts to purchase, solicits for purchase, mails, ships, imports, exports, produces blank certificates of receipt for, manufactures, sells, attempts to sell, advertises for sale, trades, barters, or exchanges for anything of value any decoration or medal authorized by Congress for the ...

Who buys old war medals? ›

PGS Militaria Buyers & Appraisers buy all military-related items from all US and Foreign services, all wars, battles, and occupations, including the Civil War, Vietnam, World War I WWI, World War II WWII.

Where can I sell old war medals? ›

At Antique Militaria Buyers, you will be able to get an effortless and smooth sale. If you want your service online or through the local store, we are available both digitally and in-person. We truly understand “what our clients need” and operate our personalized service with complete safety.

Is it legal to sell ww2 medals? ›

The Stolen Valor Act amended Title 18 to increase the penalty for violations that involve valor medals such as the Purple Heart as well as the Medal of Honor (often called the Congressional Medal of Honor), which have always been protected and illegal to sell.

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