Going, Going, 'Gong'!

Besides old boxes of play-worn Dinky and other toys (a subject for another day perhaps), one thing to be found in most homes, lurking at the back of a bureau drawer or in the bottom of a jewellery box, is the odd military medal awarded to some distant ancestor. As Great Britain built it’s now long gone empire, or indeed fought for the liberty of its allies in two World Wars, it recognised the sacrifice of its soldiers by awarding medals, and most families won’t have to climb far into their respective family trees in order to find an ancestor who served King and country.

To the untrained eye one ‘gong’, a term coined by soldiers to refer to their medals, looks much like another. For this reason we auctioneers are commonly presented with inherited family medals which turn out to be Royal commemoratives or school attendance awards of relatively little collector value. However, find the right medal in that pile of old papers and it could prove to be rather valuable indeed. Just recently a client did just that, arriving at our saleroom with their late uncle’s Second World War group, or more specifically a SOE gallantry group with Military Medal, later selling for £12,100 at auction. 

So what does one look for to help identify and value those dusty old family medals? Well, the good news is; aside from campaign medals issued for the Second World War, the British generally struck the recipient’s details around the edge of the award. Get a magnifier, take a look and you will most likely identify the rank, name and unit of your ancestor. While the medals themselves are generally self explanatory, their design incorporating the monarch, date and campaign, or reasons for the award. All of these factors contribute to the medal’s value; those for obscure campaigns, or to ‘sought after units’ such as the SAS or Special Forces commanding greater values than those say to the ubiquitous artillery Gunner of the Great War. Take for example a pair of First World War medals, issued let’s say to an artilleryman. At auction they would cost around £20-30 to purchase due to the large number issued, reflecting the tens of thousands of soldiers fighting. 

Medals can further be categorised as either campaign or gallantry awards. The former were issued to all soldiers serving in a given war or campaign, while the latter were issued for specific acts of bravery and generally command the highest prices. The first officially issued campaign medal was done so retrospectively by Queen Victoria, to those still alive who had fought at Waterloo, prices for these start at around £2000. However the aforementioned campaign medals for World War Two, not individually named as an economy measure, and indeed a great source of hurt to those who received them, can be valued at around £10 per medal.

So there you have it. Take a closer look at those old military medals; they’ll tell a tale and also have the potential to be very valuable indeed.