Medals and decorations have been
collected for decades. Nevertheless, the science of
orders, medals and decorations, or "Phaleristik,"
is relatively new (it is mostly taught within Numismatic
courses at universities). More and more publications
about German orders and decorations have been published
during recent years. The fall of communism certainly has
helped the development of research and the publishing of
its findings, since most related archives were in
and inaccessible before 1989.
collecting of medals, orders and decorations has been
receiving more and more attention. The collector
community is growing steadily and, with it, the demand
for those pieces. The medal market is experiencing
steady increasing prices.
below, the value development of the highest order of the
, the Order of the Black Eagle:
The price specified in the
chart above is for a Black Eagle Order set consisting of
sash badge and star in its case of issue and sash. An
individual star has a value of approximately US $5,000.
An auction house in
sold such a star at the December 05, 1929, M 18.-