Why so cheap?

This topic contains 3 replies, has 2,134 voices, and was last updated by  medalnet 6 years, 1 month ago.

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  • #12063

    medalnet
    Participant

    How can it be that those beautiful society badges made from pure gold, enameled and amazingly finished are sooooo incredible cheap? This was only US $ 200.-!

    [attachment=0]Hawaii.jpg[/attachment]
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    #14845

    Anonymous

    The medal is probably missing its pin-back bar where name of the qualifying ancestor (a colonial governor or the someone acting in a similar capacity) was engraved. BB&B book that you used as a background shows a medal with one bar (such medals could have many bars if the original owner, a member of the society, had many qualifying ancestor governors). Judging by the size of the ribbon (assuming that it was not cut but just split at the top due to wear), your medal had just one or maybe two bars at the most. I have never seen a complete medal without at least one bar.

    If it is possible, please show the back of the medal where the membership number and the name of the member of the society is engraved (on the medals that were personalized by the manufacturer).

    #15366

    fred j borgmann
    Participant

    Ours is not to reason why; ours is just to seek, find and buy.

    #16067

    panarion
    Member

    A few years ago people would not necessarily understood the monetary worth of the medals that had been handed down from distant uncle so and so who was in the Pay Corp and single handy won which ever war he was in or particularly cared because they never knew , spoke of or met the man in question.

    With access to the net sellers have become more savvy and know a lot more about valuations and what the market place is prepared to pay. Intrinsic value is disregarded in return for a quick sale. Site like EBAY make this easy.

    The truth is people who are struggling are selling family treasures for what ever they can get at the moment and are prepared to lower the price for a quick sale.

    Look at how many commonwealth WW1 medals are available and in real terms it could be argued the plethora of the common garden variety victory medals and service medals has dropped the overall value because so many are available.

    Here is the rub, It is becoming clear that some people are seeing medal collectors as temporary lenders or cheap pawn brokers.

    More and more posts are appearing ( just look at the GMIC site) where two or three years ago people sold a medal (set of medals) for a song and now want them back ( now the economic situation has turned around for some people) with claims of being ripped off, taken advantage of or exploited because they did not know the true value and a collector woulda, shoulda, coulda and used the knowledge to his/her advantage at the expense of the seller..

    Some collectors are in some terrible situations including legal situations over this very issue, and this includes experienced dealers.

    i think the opportunity to get a "great buy" is significantly rarer thanks to the internet and savvy sellers, certainly you might be lucky and get a fairer than usual price but the days of finding that cheap buy that turns out to be a goldmine are long gone IMHO.

    CAVEAT EMPTOR

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