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The E-Sylum:  Volume 9, Number 46, November 12, 2006, Article 13

NOVEMBER PRESIDENTIAL MEDAL SALE FEATURED IN MAINE ANTIQUE DIGEST

According to an article in the November 2006 Maine Antiques Digest,
"In spite of a strong medals and tokens auction on July 15, Presidential
Coin and Antique Company president H. Joseph Levine said he still
thinks the medals market is way undervalued.

"Some of these medals, there were only one hundred struck. If they
were coins, they'd bring one hundred thousand dollars. As medals,
some sell for one thousand dollars or less. Our top hard times store
token in this sale is one of only two known. It brought twenty-six
thousand four hundred fifty dollars [includes buyer's premium], a
good price, but not up to coin standards. One of two known in a coin
would be in the millions."

An example is the 1861 South Carolina medal awarded to Brigadier
General Nathan George Evans. It is one of four known (and one of the
four is only rumored to exist) and brought $4370."

[The article also discusses the two major series of American art
medals, the Circle of Friends of the Medallion series and the Society
of Medalists series.  The article also touches on the military and
naval medals issued by the United States Mint, mostly for exploits
in the War of 1812. -Editor]

"At this sale, Scarborough, Maine, dealer (and medals collector)
Marvin Sadik, formerly director of the National Portrait Gallery
in Washington, D.C., said he bought four historical military medals
(War of 1812) and would give three to the gallery. "I'm giving a
Major General Edmund Gaines [$471.50], a Major General Eleazar W.
Ripley [$759 and top military medal price], and a Governor Isaac
Shelby [$345]. I'm giving them because I think they are the best
likenesses around. The Portrait Gallery takes them only reluctantly.
They think the medals are too small," he said."

"Presidential's catalogs contain a wealth of information. They are
available by subscription at $10 for three from Presidential Coin &
Antique Co., PO Box 277, Clifton, VA 20124, phone (571) 321-2121,
e-mail ."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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