Discussion in 'What's it Worth' started by Tlberg, Aug 13, 2019.
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Medals from the Franklin Mint are notorious for being worth far less than their original sales price. The gold is probably thinner than a human hair. At least it is .925 silver. The value of the silver is probably more than you would get for it if you sold it......unless you find a bidiot.
I'm sure its not a high value item but only melt? Its not like its Carter.
Any thoughts on the tarnish?
For gold and sometimes silver official inaugural pieces, the interest is higher, but it is on a case by case basis. For example the value of the Kennedy inaugural medal in silver is tied to the silver bullion value because the number of pieces issued was high relative to demand.
So, they anticipate high demand for a more popular President - they make more of them & the oversupply hurts value. That makes sence...a Carter could be worth more than a Regan because they made fewer of them
Not the exact one but at least now I have an idea
Not necessarily. The Kennedy silver inaugural medal is less expensive because the inaugural committee made a strong effort to sell them. Prior to then, the silver medals had been made in very small quantities and sometimes only given to second echelon inauguration offices. The top guy got a gold medal, along with the president and vice president. The next level of officials got silver.
For example, in 1941 and ’45, only two silver medals were issued for FDR. For Truman in ’49 there were nine. For Eisenhower the number went up to 813 in ’53 and 1,000 in ’57. The Kennedy silver medal hit 7,500 in ’61, which has proven to be an oversupply.
Here is the Kennedy medal in bronze. The mintage 53,331. That is quite high for an inaugural medal.
@Mountain Man - I'm inclined to try something, but I don't want to make it worse. I guess the best thing is to just straighten it up & hope it doesn't spread
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