Coin collecting represent an unbeatable combination of artistry, history, and intrinsic value. This is one of the reasons it is so popular. They call it the King of Hobbies.
Legal tender coins bear the name of the issuing government, a date, and a denomination. Coin-like objects that lack one or more of these attributes are called medals or tokens, members of a broader class known as exonumia.
Jessica has a historic stadtemedaillen, or city medal, for the German city of Ulm. As you surely realize, there are thousands of different types of historic medals with all sorts of patterns and inscriptions. Some of the artwork is breathtaking. Medals are usually struck in gold, silver, copper, or some type of base metal. They usually come from Germany, France, England and other European countries, but not always.
Collector demand drives the market for historical medals. A quick Internet search for 'historical medals' yields many dealers and collectors. Retail prices range from a few US dollars for modern medals struck in base metal to several thousand dollars for early medals struck in gold. A rough idea of retail price goes like this:
MEDALS FROM 1600s and 1700s
gold: add $200 to basic gold value
MEDALS FROM 1800s
gold: add $100 to basic gold value
MEDALS BETWEEN 1900 and 1940
gold: add $10 to basic gold value
These are very, very rough guidelines and individual medals may be worth more or less. You must research your particular medal in detail to get a good estimate of value. You can view a few specific medals that have been submitted to CoinQuest by scrolling down the home page and clicking the links to medals.