This is Anita Bartlett-Picarella.  Your request for an appraisal has been referred to me for reply.  I have examined the information you provided.  My opinon of value is based on the accuracy of this information.  A direct examination may lead to different value concludsions and alter this opinion either way.

Indian Peace Medals were a symbol of the relationships between the United States federal government and Native Americans in the late 1700s and 1800s, until the term of President Andrew Johnson ended. The relationships, governed by treaty and ostensible good faith, were in most cases ultimately determined by force. Following the practice established by European powers in the American colonies, U.S. presidents and their agents gave these medals to the chiefs of Native American tribes as tokens of friendship, sometimes accompanied by explanations of newly-established U.S. sovereignty. The best known examples were the medals carried by Lewis and Clark on their 1804-1806 expedition to explore the Louisiana Purchase. Those were made of silver, of various sizes, and the first to be struck as opposed to engraved. Prior to Jefferson's time, the obverse and reverse were separate silver sheets. For many years, the reverse of an Indian Peace Medal depicted clasped hands and a crossed tomahawk and peace pipe. It also included the phrase Peace and Friendship. The left wrist was covered with the ornamented cuff of a military uniform; the right wrist was bare, except in the case of Jefferson's medal, which covered the wrist with a broad metallic bracelet with the image of an eagle on it.

Most of these medals sold in the range of $400 - $700.

Following is a link to a sold or offered comparable lot which I hope you can copy and paste into your browser. Here is the link: http://www.liveauctioneers.com/item/1107513/peace-medal

If you are planning to sell, keep in mind that the values listed below can vary depending upon how and where marketed, locale, and may vary across different collecting disciplines.

If you are satisfied with the services I have rendered, I would be most grateful if you would take the time to leave some positive feedback

Kindest regards,
Anita Bartlett-Picarella
Senior Certified Member
Appraisers Association of America

Assumptions and Limiting Conditions.

This certificate of appraisal is given subject to the terms and conditions hereinafter set forth, all of which are a part hereof unless expressly set aside in writing either on the pages of this certificate or by writing attached to the certificate signed by all parties concerned.
 
Unless otherwise stated herein, this certificate is based only on the readily apparent identity of the item(s) appraised, and no further opinion nor guarantee of authenticity, genuineness, attribution or authorship is made.

Unless otherwise stated herein, the appraised value(s) is based on the whole ownership and possessory interest undiminished by any liens, fractional interests or any other form of encumbrance or alienation.

This certificate is made at the request of the party names for his/her/its use. It is not an indication or certificate of title ownership. The identification of the interest of the requesting party is simply that represented to the appraiser by such party and no inquiry or investigation has been made nor is any opinion given as to the truth of such representation.
 
The value(s) expressed herein is based on the appraiser’s best judgment and opinion and is not a representation or warranty that the item(s) will realize that value if offered for sale at auction or otherwise.

The value(s) expressed is based on current information on the date made and no opinion is hereby expressed as to any future value, nor, unless otherwise expressly stated, as to any past value.

Information furnished by others is assumed to be reliable, but is not guaranteed by this appraisal firm.

The appraiser is not required to give testimony, be present in any court of law, or appear before any commission or board by reason of this appraisal, unless prior arrangements have been made with the appraiser.

Possession of this report, or copy thereof, does not include the right of publication without the written consent of the appraiser.

This report in its entirety or any part thereof, including the identity of the appraiser or his/her firm, shall not be made public through advertising, public relations, news releases, sales or other distributive or information media without the written consent of the appraiser.

This online appraisal is an expert's opinion of the item(s) depicted above based solely on images and information supplied by our customer. Additional information, not shown on this certificate, may have been taken into account for this online Appraisal.

Please Note: Our service strives to include the best international authorities in their respective fields. While the appraiser may be an expert in rendering the valuation, please understand that they may not be completely fluent in English.

* Current Fair Market Value is the amount someone might receive when selling their item to a dealer or at auction. It is also the amount most government tax agencies (IRS, Revenue Canada, Inland Revenue, etc.) recognize as the tax deductible amount were the item donated to a charitable organization.

** Replacement Cost is the retail amount one might reasonably pay to purchase the item from a dealer, gallery, store, etc. It is also the amount for which one may want to insure an item.

For currency conversion go to http://www.xe.net/ucc/full.shtml

Whatsitworthtoyou.com
40 Sunset Blvd.
Perth, ON K7H 2Y4
CANADA
613-264-9032