What Medals Can You Not Sell?
Medals are a symbol of honor, recognition, and achievement. Many people possess medals as a reminder of their accomplishments, and some may even consider them family heirlooms. However, with the rise of online marketplaces and auctions, the question arises: what medals can you not sell?
Medal of Honor
The Medal of Honor is the highest military honor in the United States, awarded for exceptional valor and bravery in action. Due to its significance and the prestige attached to it, the sale of the Medal of Honor is strictly prohibited. According to federal law, it is illegal to buy or sell the Medal of Honor, its ribbon or its rosette, including replicas or reproductions. This applies to historical versions and designs of the Medal as well.
| Medal of Honor Laws | Penalties |
|---|---|
| Illegal to buy or sell | Up to one year in jail and a fine of up to $100,000 |
| Applies to all versions and designs |
Purple Heart
The Purple Heart is a decoration awarded to members of the US Armed Forces who are wounded or killed while serving in the military. Although it is illegal to pawn or sell a Purple Heart under federal law, it is no longer illegal to purchase one. After the Stolen Valor Act of 2005 was struck down, the purchase of all other military medals, including the Purple Heart, became legal.
| Purple Heart Laws | Penalties |
|---|---|
| Illegal to pawn or sell | Up to six months in jail and a fine of up to $100,000 |
| Legal to purchase |
Other Medals
While the Medal of Honor and Purple Heart are restricted, many other medals can be sold legally. These may include:
- Olympic medals
- World War II medals
- Medals of valor and bravery
- Service medals
- Commemorative medals
Gold Medals
Gold medals, particularly Olympic medals, can be highly valuable. In fact, gold medals usually sell for between $20,000 and $50,000, with older Olympic medals selling for the most money. From there, silver medals sell for $10,000 to $30,000, while bronze medals usually sell for less than $10,000. However, medals won by notable athletes tend to sell for much more.
What to Consider Before Selling a Medal
Before deciding to sell a medal, consider the following:
- Authenticity: Ensure that the medal is genuine and not a replica or counterfeit.
- Provenance: Establish the medal’s history and ownership to ensure its legitimacy.
- Value: Research the medal’s market value to determine a fair price.
- Emotional value: Consider the sentimental value attached to the medal and whether selling it would be worthwhile.
Conclusion
While the sale of certain medals is restricted, many others can be sold legally. When deciding to sell a medal, consider its authenticity, provenance, value, and emotional value. With the right research and consideration, you can determine whether selling your medal is a worthwhile decision.