Victory Medal-style commemorative medallion

This item is a circular metal medallion or pendant featuring relief imagery and text. The piece appears to be made of a copper-toned or bronze-toned alloy. The obverse side shown features the capitalized block text "VICTORY MEDAL" along the upper perimeter. The central design depicts an abstract, possibly anthropomorphic figure with winding, limb-like extensions. Tiny text at the bottom edge appears to read "STONE REED". A small metal suspension loop is attached to the top of the medal, suggesting it may have been worn as a charm or pendant. Condition-wise, the surface shows significant wear consistent with age and handling, including distinct areas of green oxidation (verdigris) and brownish-red tarnish, particularly on the left side and in the recessed areas of the design. The metal shows fine scratches and a muted patina typical of base metal alloys. While the phrasing "VICTORY MEDAL" is present, the iconography and modern artistic style are distinct from standard WWI-era military issue medals, suggesting this may be a contemporary commemorative or novelty artistic piece. Without physical testing of the metal composition or manufacturer records, this attribution remains a hypothesis.

Based on my visual analysis of the provided imagery, I have examined this copper-toned circular medallion bearing 'VICTORY MEDAL' text and a figure consistent with contemporary artistic designs. While the 'STONE REED' marking suggests a specific maker, I must treat this attribution as a hypothesis, as I cannot verify the legitimacy of such marks from a photograph alone. The verdigris and oxidation I see indicate a base metal alloy, likely bronze or copper, but I would need a physical inspection and possible metallurgical testing to confirm the exact composition. The value estimate is based on the assumption that this is a contemporary commemorative or artist-signed novelty piece rather than a standard military issue. The market for non-military, artistic medals is specialized; should this be a known limited-edition work by an established artist, the higher end of the range may apply. Conversely, if it is a mass-produced novelty or a modern replica of a specific medal I haven't identified, the value would likely drop below $20. To determine a more precise valuation, I would require provenance documentation or a physical appraisal to examine the strike quality and weight. The current estimate reflects the significant surface wear and tarnish, which generally reduces appeal for collectors of numis-style items. Demand for these pieces typically depends on the niche interest in the specific artist or the theme of the 'Victory' commemoration outside of traditional military circles. Authentication through a specialist in contemporary medals would be necessary to establish the piece as an intended work by the designer noted on the rim.