This price was a reflection of the bravery he displayed when crawling along the fuselage of a Lancaster bomber to extinguish a fire at 20,000ft while under attack from a German fighter. The most accurate medal appraisers stay on top of the market by constantly buying and selling items, as we do at Warwick & Warwick. As such, the difference in material value between the gold and silver medals is virtually nil. For example, a George Cross was sold for £93,000 in 2012, but the silver in it is only worth about £10. Military medals can be divided into two categories: Militaria collectors are always looking to acquire Orders, Decorations and Medals that have been awarded to both British and foreign troops. Awarded for Gallantry: A great example of a George Cross medal. Collector value: The ‘secondary market’ concerns the trade of medals which did not belong to a direct friend or family member. Collecting military medals will always have an enduring appeal because it is such a great way to discover about history and the important roles people have played. Whenever anyone opts to sell a medal, they rarely make the decision lightly or without a great deal of thought. Passionate collectors are driven by this historical interest and a good story will always add more value to a medal. We took a 4-hour flight on the new Delta Airbus jet that Boeing tried to keep out of the US. Today, a gold medal tends to sell at auction for between $20,000 and $50,000, says Jonathan Scheier, the consignment director of sports memorabilia at Heritage Auctions —the world’s largest auctioneer of sports collectables. Post-World War II medals: Any campaign medals issued to British & Commonwealth personnel from 1946 to the present day. Offering a unique insight into past events of major significance, medals are a lasting tribute to the sacrifices made by soldiers who have fought in conflicts all across the world. TRENDING 1. It takes into account all of the additional costs incurred and the time it may take to locate a suitable specimen, possibly from a collector. The 2014 Sochi Winter Olympics medals were the same diameter as the 2012 medals (100 mm), but the value of silver and gold has changed over time. Yes, yes, there's sentimental value. In our role as military medal specialists, we are often asked ‘How much are my medals worth?’. 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Almost every VC example from the First World War routinely surpasses £100,000 and the 11 VCs awarded at the Battle of Rorke's Drift command higher prices because of the conflict’s subsequent fame. Bullion value: Put simply, this is the value of the metal with which the medal has been made. Winning a gold medal is the kind of accomplishment athletes dream of. +44 (0) 1926 499031 Gold is currently trading on US markets at around $US43 per gram, or $US1,340 per ounce. For that reason alone, discussing the four main values of a medal appears to be a logical place to start. The IOC says that the gold medals weigh 586 grams, which would be worth about $US25,380. The Value to Collectors: $10,000 to Over $1 Million Hundreds of gold medals are awarded during every Olympic games, and it’s inevitable that some athletes—who, more often than not, won’t get rich from their sport—wind up selling them. The Rio gold medals weigh 500 grams, the heaviest medal ever awarded in a summer games. There are so many factors to weigh up when valuing a medal, many of which are intangible. With the price of silver trading much lower than gold, the first place medal contains metal worth a little under $US600. There are far fewer opportunities for VCs to be awarded, meaning these medals are scarce and potentially of great value. Collectors within the medal fraternity have a standard grading with regards to condition and the following classifications can help to ascertain how much a medal is worth. The United States Olympic Committee pays American medalists for their accomplishments as part of Operation Gold. There's not much gold in a gold medal. As a metal, bronze is worth significantly less, so its material value might be less than 1/20 of silver. They say the gold is actually a silver medal, plated with six grams of gold. Today, gold medals are almost entirely silver — more than 95 percent, to be specific (If the Olympics were to make gold medals entirely of gold at the … Athletes do not get paid just for competing, but national bodies for many countries reward medalists with money. Unlike coins, which enter circulation in large numbers, medals do not circulate and are generally unique to an individual. The recipient’s rank, his/her particular participation in the action and whether he/she was a casualty all affect the value of an award. So far, Phelps has won four of them. Please call 01926 499 031 for an appointment in the first instance. 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. Another income source available to some Olympians is endorsement deals. Silver medals typically go for between $10,000 and $30,000, while bronze medals generally sell for less than $10,000. A member of our advisory team will be visiting Greater Manchester on 13th August and will be pleased to collect your property for valuation. More recently, in 2011, a Distinguished Service Cross that was issued to Falklands bomb disposal hero John Phillips realised £120,000. Good Very Fine (G.V.F): Very few marks or blemishes and/or deeply toned. Medals can also be described as Near Extremely Fine (N.E.F). Always remember that in most cases a medal will usually be worth much more than its bullion value.