Phaleristics is an auxiliary science of history which studies orders and medals. It is quite an unfamiliar area of investing for an inexperienced collector. However, an experienced investor can do a good business with these items.
What investment items does it include?
The word phaleristics is derived from an Ancient Greek word phalera [falera] which refers to metal decorations on the helmets of the warriors and their horses. This word was taken by the Romans and they used it in the form phalerae [falere:] which refers to the military honours. Phalera was a gold, silver, or bronze circular shaped medal with an image of god or goddess worn on the breast of these warriors.
From investment-collector's point of view, it is a very interesting branch of collecting inwhich we can see a lot of promising opportunities:
Řád Bílého lva, vojenská skupina, I. Třída, Stav 1, stříbro zlacené (Karnet a Kyselý)
Total appreciation: 195.000 Kč
Approximate annual increase: 195,0,% p.a
Approximate auction price in 1997: 5.000 Kč
Approximate auction price in 2017: 200.000 Kč