This is a modern gold medal from the Free City of Regensburg in Bavaria, Germany. Featured on the medal is a cityscape with Steinerner Bridge and Cathedral and the Porta Praetoria, a Roman gate built in 179AD.
The medal is 0.986 pure gold and weighs 2.80 grams. Since there are 31.1 grams in one troy ounce, the amount of gold in the medal is 0.986 x 2.80 / 31.1 = 0.0888 ounces, or about $100 at today's gold price. If the price of gold goes up, it will be worth more. If it goes down, it will be worth less.
Since it is a modern piece, little numismatic (coin collector) value is added due to age or rarity, so the medal is worth its gold value and not much more.
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