Jump to content
News Ticker
  • I am now accepting the following payment methods: Card Payments, Apple Pay, Google Pay and PayPal
  • Latest News

    Recommended Posts

    Posted

    I have a medal group with a German medal in it. I would like to insure my medals. What would be a fair assessment for this group?

    Netherlands - remembrance medal 1926 - awarded 775 times - with document

    Waldeck-Pyrmont - silver medal of merit - with document - with document

    Luxembourg - silver medal in the civil and military merit order

    Belgium - bronze medal for foreign servants - - with document

    Included in the group is a photo of the recipient, a lackey at the dutch court.

    Posted

    I don't know how things are in the Netherlands, but to do this in the US is extremely difficult, as most general insurers would ask for a formal evalvaution of value by a known source and would not accept the wise advice of friends on an internet forum (however accurate). While there are a few specialist "collection insurance" providers, I have never known anyone who collected from them (not such a bad thing?).

    In any case, how would insurance replace an essentially unique item? Maybe that would work if one sees collecting as merely an investment strategy . . . but maybe not even then?

    Posted

    The whole question of insurance is an extremely important question and one to which I don't think anyone has a good answer. Some -- especially here in the US -- see a big dog or a big gun or a big safe or a big ___ as a solution. Personally, I think that avoids the question and tries to turn a serious concern into something cute.

    The difficulty, of course, is value. Most of what we collect has intrinsic value (the silver, gold, whatever) that is only a small percentage of market value. Most insurers can see the intrinsic value but cannot comprehend the phaleristic/historical value. The market value, of course, is only what some damn fool will pay for the item at a real (non-e$cam) auction, and we all know how bizarre such venues have become recently.

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now
    ×
    ×
    • Create New...

    Important Information

    We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.