AI Appraisal Estimate

The item is a circular, metallic object, likely a coin or medal, exhibiting a dark, possibly tarnished or patinated surface that gives it a bronze or aged copper appearance. The overall color shows varied saturation, with hints of reddish-brown and possibly some iridescent greens or blues, indicative of natural oxidation over time. The primary observable side features a low-relief depiction of two figures on horseback, facing towards the right. One figure appears to be in the foreground, and the other slightly behind, suggesting a sense of movement or progression. Above the figures, along the top edge, the phrase "IN GOD WE TRUST" is faintly discernible, hallmark of US coinage. Towards the bottom left, below the horses, an inscription that appears to be "FRANK FRAZER" or similar is partially visible, followed by what looks like the year "1923" or a similar date, though heavily obscured by wear or lighting. The edges of the item appear to be raised, forming a natural border for the central design. There are no obvious signs of severe damage such as bends, deep scratches, or repairs, but the surface exhibits a soft, worn quality consistent with age and handling. The details of the figures, while discernible, lack the crispness perhaps present in an uncirculated specimen, implying some degree of wear on the highest points of the relief. Its composition is difficult to ascertain precisely from the image, but the color and apparent feel suggest a base metal rather than silver or gold.

Based on my visual examination of the provided image, this circular metallic object strongly aligns with descriptions of a Frank Frazer 'In God We Trust' Commemorative Medal, likely from 1923. The 'IN GOD WE TRUST' inscription, the two figures on horseback, and the discernible 'FRANK FRAZER' and '1923' indications are key identifiers. The dark, bronzed appearance with signs of natural oxidation suggests a base metal composition, consistent with known examples of Frazer medals rather than a standard circulating coin. The condition appears to be 'Good' to 'Very Good' (G-VG) within medalist grading standards. While there's a soft, worn quality consistent with age and handling, major damage like bends or deep scratches is absent. The details of the figures, though not crisp, are discernible, indicating moderate wear on the high points. Authenticity verification from an image alone is inherently limited. I cannot definitively confirm its authenticity without a physical in-hand examination to assess metallurgical properties, edge details, weight, and precise dimensions. Provenance documentation, if available, would significantly aid in this. Scientific testing, such as XRF analysis for metallic composition, would be necessary for full authentication and to rule out contemporary copies or reproductions. Market conditions for Frank Frazer medals are niche but steady among collectors of exonumia and early 20th-century American commemoratives. These are not common items, attributing to their rarity. While not highly liquid like mainstream coinage, established collectors seek out genuine examples. Comparables include sales records of similar Frazer medals in comparable condition, which typically range from a few hundred to over a thousand dollars depending on condition and specific variety. Factors significantly impacting value include verifiable authenticity, a higher state of preservation (less wear, better patination), and clear provenance. Without physical inspection, the precise value is an estimation. My valuation assumes this is an authentic Frank Frazer medal based on the visual evidence, but the aforementioned limitations must be stressed.