Are Olympic Medals More Valuable Than Military Medals?

The materials used to make Olympic medals and military medals reflect their purpose, values, and practical needs. Here’s a detailed breakdown:

A key difference is that Olympic medals prioritize standardization and accessibility—hundreds are awarded per Games, so materials must be cost-effective while maintaining symbolic value. Military medals, by contrast, prioritize durability and symbolism: top honors are often handcrafted from premium metals to reflect their significance, while service medals are designed for mass production but still use quality materials that withstand time. Additionally, military medals may include additional elements like enamel, ribbons, or engravings that require specialized materials and craftsmanship.

In general, military medals—especially top valor honors—have higher market value than most Olympic medals, due to their rarity, historical significance, and emotional resonance. Here’s a detailed comparison:

• Military Medals: Top valor medals like the U.S. Medal of Honor or British Victoria Cross are extremely rare—only ~3,600 Medals of Honor have been awarded since the Civil War, and fewer than 1,400 Victoria Crosses have been awarded since 1856. As a result, these medals often sell for $100,000–$500,000+ at auction. For example, a WWII-era Medal of Honor sold for $495,000 in 2021, and a Victoria Cross awarded for actions in WWI sold for $385,000 in 2019. Even lesser military medals, like the Bronze Star with "V" device (for valor), can sell for $5,000–$20,000, depending on provenance.
• Olympic Medals: Most Olympic gold medals sell for $50,000–$200,000 at auction. The value depends heavily on the athlete who won it, the event, and the historical context. For example, Jesse Owens’ 1936 Berlin Olympic gold medal sold for $1.46 million in 2013 (a record for an Olympic medal), due to Owens’ iconic status and the medal’s historical significance (awarded during the Nazi regime). However, medals from lesser-known athletes or recent Games typically sell for far less—some modern Olympic medals sell for as little as $10,000–$30,000.

Key factors driving the value difference include:

• Rarity: Top military valor medals are far rarer than Olympic medals (hundreds of Olympic medals are awarded per Games, vs. a handful of top military medals per decade).
• Provenance: Military medals tied to famous battles, heroes, or historical events command premium prices, as they represent a specific moment in history. Olympic medals’ value is more tied to the athlete’s fame than historical events.
• Emotional Weight: Collectors and institutions value the sacrifice behind military medals more than the athletic achievement of Olympic medals. Many military medals are seen as "priceless" by veterans and their families, leading to fewer being sold on the open market (further driving up prices for those that are).
• Legal Restrictions: In some countries (e.g., the U.S.), it is illegal to sell or buy the Medal of Honor, which limits the supply and increases the value of medals that are legally available.

The symbolic weight of Olympic medals and military medals depends on context—they represent different values and resonate with different audiences—but military medals generally carry deeper emotional and societal symbolic weight due to their connection to sacrifice and service.

• Olympic Medals Symbolism: Olympic medals symbolize personal achievement, perseverance, and international unity. They represent the idea that through hard work and dedication, anyone can reach the pinnacle of their field. They also symbolize peace and cooperation, as athletes from competing nations come together to compete in a spirit of sportsmanship. For athletes, an Olympic medal is a lifelong dream, representing the culmination of years of training and sacrifice. For fans, it’s a source of national pride and inspiration.
• Military Medals Symbolism: Military medals symbolize sacrifice, courage, and service to a greater cause. They honor individuals who have risked their lives to protect others, defended their country’s values, or dedicated their lives to public service. Unlike Olympic medals, which celebrate individual achievement, military medals celebrate selflessness and devotion to community. For veterans and military families, these medals are a tangible reminder of the sacrifices made by service members. For society, they represent the ideals of patriotism, heroism, and duty—values that are often seen as foundational to a nation’s identity.

A key difference is that Olympic medals’ symbolism is primarily positive and celebratory, while military medals’ symbolism is often tied to loss, sacrifice, and resilience. This makes military medals more emotionally charged for many people, as they represent not just an achievement, but a willingness to put others before oneself. Additionally, military medals are often associated with historical events (e.g., wars, conflicts), giving them a timeless symbolic weight that transcends generations. Olympic medals, while prestigious, are tied to specific Games and athletes, and their symbolic power may fade over time (except for iconic medals like Jesse Owens’ or Muhammad Ali’s).

The collectibility of Olympic medals and military medals depends on the collector’s interests, but Olympic medals have broader appeal to casual collectors, while military medals are more sought-after by specialized, dedicated collectors. Here’s a breakdown:

• Olympic Medals Collectibility: Olympic medals appeal to a wider audience, including sports fans, history buffs, and general collectors. Their global recognition, association with famous athletes, and colorful history make them accessible and desirable to many. Key factors that drive collectibility include:
  • Athlete Fame: Medals won by iconic athletes (e.g., Jesse Owens, Michael Phelps, Muhammad Ali) are highly collectible.
  • Historical Context: Medals from significant Games (e.g., 1936 Berlin, 1980 Moscow, 2008 Beijing) are more valuable due to their historical significance.
  • Condition: Olympic medals are often well-preserved, as they are typically displayed or stored rather than used, making them attractive to collectors who value condition.
• Military Medals Collectibility: Military medal collecting is a niche, specialized hobby with a dedicated community of collectors. These collectors are often veterans, military historians, or enthusiasts who value the medals’ historical and symbolic significance. Key factors that drive collectibility include:
  • Valor Designation: Medals awarded for valor (e.g., Medal of Honor, Victoria Cross, Bronze Star with "V") are far more collectible than service medals.
  • Provenance: Medals with well-documented histories (e.g., awarded to a soldier who participated in a famous battle, or a recipient with a notable career) are highly valued.
  • Rarity: As mentioned earlier, top military medals are extremely rare, making them highly sought-after by serious collectors.
  • Condition and Authenticity: Military medals that are in original condition (with their original ribbons, cases, and citations) and can be authenticated are more valuable. Authentication is critical in military medal collecting, as there are many replicas and fakes on the market.

In summary, Olympic medals have broader collectibility due to their universal appeal, while military medals are more collectible among specialized collectors willing to invest in research, authentication, and rare pieces. For casual collectors, Olympic medals are easier to acquire, authenticate, and display, making them a more accessible entry point into medal collecting. For serious collectors, military medals offer a deeper dive into history and symbolism, with the potential for higher returns on investment.

Military medals generally last longer than Olympic medals, due to their more durable materials, robust construction, and design for practical use. Here’s a detailed comparison:

• Military Medals Durability: Military medals are designed to withstand harsh conditions—they are worn by service members in combat, training, and daily duty, so they must be durable enough to resist damage, tarnish, and wear. Key factors contributing to their durability include:
  • Materials: Top military medals use solid metals (gold, silver, brass) that are more resistant to tarnish and damage than the plated metals used in Olympic medals. Even service medals made from alloys are designed for durability, with thick, sturdy construction.
  • Finish: Military medals often have a polished or matte finish that is resistant to scratches and wear. Many are also coated with a protective layer to prevent tarnish.
  • Design: Military medals are typically thicker and more robust than Olympic medals, with reinforced edges and secure attachments for ribbons. They are designed to be worn regularly without breaking or becoming damaged.

  As a result, military medals from the 19th and early 20th centuries are often found in excellent condition, with minimal tarnish or damage, even after decades of use. For example, Civil War-era Medal of Honor replicas (original ones are extremely rare) are still in good condition today, and WWI-era military medals are commonly found in collectible condition.

• Olympic Medals Durability: Olympic medals are designed primarily for display and symbolic value, not regular wear, so they are often less durable than military medals. Key factors limiting their durability include:
  • Materials: Most Olympic gold medals are silver-plated, and silver medals are made from sterling silver (which tarnishes easily). Bronze medals are made from a copper-zinc alloy that can also tarnish over time.
  • Finish: Olympic medals often have a polished finish that is prone to scratches and fingerprints. Many modern Olympic medals also include non-metallic elements (e.g., jade inlays in the 2008 Beijing medals, plastic components in some recent medals) that can crack, chip, or degrade over time.
  • Design: Olympic medals are often thinner and more delicate than military medals, with intricate engravings or designs that can be damaged if not handled carefully. They are typically stored in cases or displayed, rather than worn, which helps preserve them, but their materials and construction make them more susceptible to damage than military medals.

  While well-preserved Olympic medals can last for decades, they require more care to maintain their condition. Tarnish is a common issue for silver and bronze Olympic medals, and plated gold medals can wear thin if handled frequently. Modern Olympic medals, which often use more lightweight materials and complex designs, may not last as long as vintage military medals.

It’s worth noting that the durability of any medal depends on how it is stored and handled. A well-cared-for Olympic medal can last for centuries, while a military medal that is neglected or exposed to harsh conditions may deteriorate quickly. However, based on their materials and construction, military medals have a higher inherent durability than Olympic medals, making them more likely to survive for generations without significant damage.

Yes, Olympic medals have far stricter design rules than military medals, due to the International Olympic Committee’s (IOC) need to maintain consistency, symbolism, and global recognition across Games. Here’s a detailed breakdown of the design rules for both:

• Olympic Medals Design Rules: The IOC sets strict guidelines for Olympic medal design, which all host cities must follow. Key rules include:
  • Size and Weight: Olympic medals must be at least 60mm in diameter and 3mm thick. Gold and silver medals must weigh at least 500 grams (about 1.1 pounds).
  • Front Design: The front of the medal must feature the Olympic rings, the Greek goddess Nike (the goddess of victory), and the words "XXIII Olympiad Los Angeles 1984" (or similar, depending on the Games). This design has been standardized since the 1928 Amsterdam Games, with minor variations for each host city.
  • Back Design: Host cities are allowed to design the back of the medal, but it must include the event name, the host city’s name, and the year of the Games. The design must also be consistent with the Olympic values of peace, unity, and sportsmanship.
  • Materials: As mentioned earlier, gold medals must be 92.5% silver with at least 6 grams of gold plating, silver medals must be 92.5% pure silver, and bronze medals must be made of a copper-zinc-tin alloy.
  • Accessibility: Medals must be designed to be easily held, displayed, and worn (for the medal ceremony). They must also be inclusive, with designs that are respectful of all cultures and religions.

  These rules ensure that Olympic medals are instantly recognizable across the world, while still allowing host cities to add their own cultural touches to the back of the medal. Any deviations from these rules must be approved by the IOC, which rarely grants exceptions.

• Military Medals Design Rules: Military medals have far more flexibility in design, as they are governed by individual countries’ military branches rather than an international organization. Key design considerations for military medals include:
  • Symbolism: Military medals often feature symbolic imagery (e.g., eagles, crosses, swords, stars) that represents the country’s military values, the branch of service, or the type of achievement being honored. For example, the U.S. Medal of Honor features a five-pointed star with an eagle in the center, while the British Victoria Cross features a cross pattée with the royal cipher.
  • Distinctiveness: Medals must be easily distinguishable from one another, so that service members and the public can quickly recognize the honor being awarded. This is often achieved through different shapes (stars, crosses, circles), colors (gold, silver, bronze), and ribbons (each medal has a unique ribbon design).
  • Practicality: Medals must be designed to be worn on a uniform, so they must be lightweight enough to not interfere with movement, and they must have a secure attachment for the ribbon.
  • Tradition: Many military medals have designs that date back decades or centuries, and changes to the design are often made only after careful consideration of tradition and historical significance. For example, the U.S. Medal of Honor has undergone several design changes since its creation in 1861, but it has retained its core symbolic elements.

  While there are no universal design rules for military medals, individual countries may have their own guidelines (e.g., the U.S. Army’s Institute of Heraldry oversees the design of U.S. military medals). However, these guidelines are far more flexible than the IOC’s rules, allowing for greater creativity and cultural specificity.

In summary, Olympic medals’ design rules are strict and standardized to ensure global recognition and consistency, while military medals’ design rules are more flexible and focused on symbolism, distinctiveness, and tradition. This difference reflects the two types of medals’ purposes: Olympic medals are a global symbol of sportsmanship, while military medals are a national symbol of service and valor.

Military medals are far more personalized than Olympic medals, as they are tailored to the recipient’s service, achievements, and identity. Here’s a detailed comparison:

• Military Medals Personalization: Military medals are highly personalized, with each medal tied to a specific individual’s service and achievements. Key personalization elements include:
  • Engravings: Most military medals are engraved with the recipient’s name, rank, branch of service, date of award, and sometimes the unit they served with. For example, a U.S. Medal of Honor is engraved with the recipient’s full name, rank, and the date of the act of valor for which it was awarded.
  • Citations: Every military medal is accompanied by a citation—a formal document that describes the recipient’s achievements or actions in detail. Citations are often personalized, with specific details about the event, the recipient’s role, and the impact of their actions. For valor medals, the citation may include eyewitness accounts or official reports of the act of courage.
  • Service Ribbons and Devices: Military medals are often accompanied by service ribbons (worn on the uniform when the full medal is not displayed) and devices (e.g., oak leaf clusters, stars, "V" devices) that indicate additional awards, valor, or specific service. These devices are personalized to the recipient’s career, reflecting their specific achievements and service history.
  • Case and Presentation: Many military medals are presented in a personalized case, with the recipient’s name or rank inscribed on the case. The presentation ceremony itself is also personalized, with family members, fellow service members, and military leaders in attendance to honor the recipient.

  This level of personalization makes each military medal a unique artifact that tells the story of the recipient’s service and sacrifice. For example, a WWII-era Bronze Star with a "V" device and an oak leaf cluster tells the story of a service member who performed an act of valor and was recognized for additional meritorious service.

• Olympic Medals Personalization: Olympic medals are much less personalized, as they are designed to be standardized symbols of achievement rather than individual recognition. Key personalization elements (or lack thereof) include:
  • Engravings: Modern Olympic medals are often engraved with the athlete’s name, the event, and the date of the Games, but this is a relatively recent practice. Prior to the 1980s, most Olympic medals were not engraved with the recipient’s name—they were simply awarded as blank medals. Even today, the engravings are often minimal, with only basic information about the athlete and event.
  • Lack of Individual Story: Unlike military medals, Olympic medals do not include a citation or any documentation of the athlete’s journey to winning the medal. The medal itself is a symbol of the achievement, but it does not tell the story of the athlete’s training, sacrifices, or specific performance in the event.
  • Standardized Design: As discussed earlier, Olympic medals have a standardized design, with only minor variations for each host city. This means that all gold medals from a particular Games look nearly identical, regardless of the athlete who won them or the event they competed in.

  While some athletes may personalize their medals (e.g., by having additional engravings added, or by displaying them with other memorabilia), the medals themselves are not personalized by the IOC or the host city. This lack of personalization reflects the Olympic Games’ focus on the achievement itself rather than the individual athlete’s story (though athletes’ personal stories often become part of the medal’s legacy).

The difference in personalization stems from the two types of medals’ purposes: military medals are designed to honor the individual’s service and sacrifice, so personalization is essential to recognizing their unique contributions. Olympic medals are designed to honor the achievement of winning an Olympic event, so standardization is more important than personalization. For collectors, this means that military medals often have more historical and emotional value, as they are tied to a specific individual’s story, while Olympic medals’ value is more tied to the event and the athlete’s fame.

Military medals generally hold their resale value better than Olympic medals, due to their rarity, historical significance, and consistent demand from specialized collectors. Here’s a detailed analysis:

• Military Medals Resale Value: Military medals—especially top valor honors—have a strong track record of holding their value, and many have appreciated significantly over time. Key factors contributing to their stable resale value include:
  • Limited Supply: Top military medals are extremely rare, and the supply is fixed (no new Medals of Honor or Victoria Crosses are awarded for past conflicts). As a result, demand often outpaces supply, driving up prices and ensuring that medals retain their value.
  • Consistent Demand: There is a dedicated and consistent market for military medals, with collectors, museums, and veterans’ organizations willing to pay top dollar for authentic, well-documented medals. This demand is not dependent on trends or popular culture, but on historical significance and symbolism, making it more stable over time.
  • Historical Significance: Military medals are tied to specific historical events (e.g., wars, battles, conflicts) that have enduring importance. As time passes, these events often become more significant, increasing the medals’ historical value and resale price. For example, WWI-era military medals have increased in value over the past century as the war’s historical significance has grown.
  • Low Volatility: Unlike Olympic medals, whose value can be affected by the athlete’s reputation (e.g., scandals, changes in public opinion), military medals’ value is not tied to the recipient’s personal life. Even if a recipient’s reputation changes, the medal’s historical and symbolic value remains intact.

  Examples of military medals holding their value include:

  • A WWI-era British Victoria Cross sold for £100,000 in 2000 and resold for £385,000 in 2019 (a 285% increase over 19 years).
  • A Civil War-era U.S. Medal of Honor replica (original) sold for $250,000 in 2010 and resold for $495,000 in 2021 (a 98% increase over 11 years).
• Olympic Medals Resale Value: Olympic medals’ resale value is more volatile than military medals’, with prices depending heavily on factors that can change over time. Key factors contributing to their volatility include:
  • Athlete Reputation: Olympic medals’ value is closely tied to the athlete’s fame and reputation. If an athlete falls out of public favor (e.g., due to a doping scandal, criminal charges, or controversial statements), the value of their medal can drop significantly. For example, a medal won by an athlete convicted of doping may be worth far less than a medal won by a respected athlete.
  • Trends and Popularity: Olympic medals’ value is also affected by trends in sports and popular culture. Medals from recent Games may be more valuable due to their relevance, but their value can decline as new Games are held and new athletes become famous. For example, medals from the 2008 Beijing Games may have been highly valuable in the years following the Games, but their value may decline as newer Games (e.g., 2024 Paris, 2028 Los Angeles) take center stage.
  • Supply and Demand: While top Olympic medals (e.g., Jesse Owens’, Michael Phelps’) are rare, there are hundreds of Olympic medals available on the market at any given time. This larger supply can lead to more competition among sellers, driving down prices for less iconic medals.

  Examples of Olympic medals’ volatile resale value include:

  • Jesse Owens’ 1936 Berlin Olympic gold medal sold for $1.46 million in 2013 (a record), due to Owens’ iconic status and the medal’s historical significance. This medal is likely to retain its value, as Owens’ legacy is enduring.
  • A gold medal from the 2000 Sydney Games sold for $50,000 in 2001 but resold for only $30,000 in 2010, due to the athlete’s declining fame and the availability of newer Olympic medals.

In summary, military medals hold their resale value better than Olympic medals due to their rarity, consistent demand, and historical significance. While iconic Olympic medals may retain or increase in value, most Olympic medals are more volatile and less reliable as investments. For collectors looking to preserve their investment, military medals are a better choice, as they are less likely to be affected by trends, scandals, or changes in public opinion. For collectors who value the emotional or personal connection to a specific athlete or event, Olympic medals may still be a worthwhile investment, but they come with more risk.

Yes, Olympic medals are significantly more accessible to collect than military medals, due to their easier acquisition, simpler authentication, and broader availability. Here’s a detailed breakdown of the accessibility factors for both:

• Olympic Medals Accessibility:
  • Availability: Olympic medals are more widely available on the collectibles market than military medals. Hundreds of Olympic medals are awarded every four years, and many of these eventually find their way into the hands of collectors. They are sold through auction houses, online marketplaces (e.g., eBay, Heritage Auctions), and sports memorabilia dealers. Even vintage Olympic medals (from the early 20th century) are relatively easy to find, though they may be more expensive.
  • Authentication: Authenticating Olympic medals is relatively simple, as they have standardized designs, markings, and materials that are easy to verify. The IOC maintains records of all medal winners, so collectors can cross-reference the medal with the athlete’s name, event, and date to confirm its authenticity. Additionally, Olympic medals often have unique serial numbers or markings that can be used to verify their provenance.
  • Price Range: Olympic medals are available at a wider range of price points, making them accessible to casual collectors. While iconic medals (e.g., Jesse Owens’) can sell for over $1 million, many modern Olympic medals sell for $10,000–$50,000, and some vintage bronze or silver medals can be found for as little as $5,000–$10,000. This makes it easier for new collectors to enter the market without a large investment.
  • Information and Resources: There is a wealth of information available about Olympic medals, including books, websites, and collector communities that can help new collectors learn about the medals, their history, and how to collect them. This makes it easier for beginners to navigate the market and make informed purchases.
• Military Medals Accessibility:
  • Availability: Military medals—especially top valor honors—are much less available than Olympic medals. Top medals like the Medal of Honor or Victoria Cross are extremely rare, with only a handful available on the market at any given time. Even lesser military medals (e.g., Bronze Star, Purple Heart) are less widely available than Olympic medals, as many are passed down through families or kept as heirlooms rather than sold.
  • Authentication: Authenticating military medals is far more complex than authenticating Olympic medals. There are many replicas and fakes on the market, and verifying a medal’s authenticity requires specialized knowledge of military history, medal design, and engraving techniques. Collectors often need to consult experts or reference books to confirm a medal’s authenticity, which can be time-consuming and expensive.
  • Price Range: Military medals are generally more expensive than Olympic medals, especially valor medals. Top military medals can sell for $100,000–$500,000+, and even lesser medals often sell for $5,000–$20,000. This higher price point makes them less accessible to casual collectors, who may not have the budget to invest in a single medal.
  • Information and Resources: While there are dedicated military medal collector communities and resources, the information is often more specialized and less accessible to beginners. Collectors need to have a deep understanding of military history, branch-specific medal designs, and provenance research to successfully collect military medals, which can be a barrier to entry for new collectors.

In summary, Olympic medals are more accessible to collect due to their wider availability, simpler authentication, lower price points, and more accessible information. For new collectors or those with a limited budget, Olympic medals are a better entry point into medal collecting. Military medals, while more valuable and historically significant, are better suited for experienced collectors with the knowledge, budget, and time to navigate the specialized market.

For new collectors, Olympic medals are a better investment than military medals, due to their lower risk, easier accessibility, and broader appeal. Here’s a detailed guide to help new collectors make an informed decision:

• Key Reasons Olympic Medals Are Better for New Collectors:
  • Lower Risk: Olympic medals have lower investment risk than military medals. They are easier to authenticate, so new collectors are less likely to purchase a fake. They also have a broader market, so if a collector decides to sell their medal later, they are more likely to find a buyer. Additionally, Olympic medals’ value is less dependent on specialized knowledge, so new collectors can make informed purchases without years of research.
  • Easier Accessibility: As discussed earlier, Olympic medals are more widely available and have a wider price range, making them accessible to new collectors with limited budgets. New collectors can start with a modern bronze or silver medal for $10,000–$30,000, rather than investing $50,000+ in a military medal. This allows collectors to build their collection gradually and gain experience before making larger investments.
  • Broader Appeal: Olympic medals have broader appeal than military medals, which means they are more likely to retain their value and be easier to sell. Even if a collector loses interest in medal collecting, they can sell their Olympic medal to a sports fan, history buff, or general collector, rather than being limited to a small community of military medal collectors.
  • Easier to Display and Enjoy: Olympic medals are often more visually appealing and easier to display than military medals. They come in standardized sizes and designs, and they are often associated with famous athletes and events, making them a conversation piece for display in a home or office. This allows new collectors to enjoy their investment while it appreciates in value.
• When to Consider Military Medals as a New Collector:
  • Specialized Interest: If a new collector has a specific interest in military history or veterans’ affairs, military medals may be a more rewarding investment. Collecting military medals allows collectors to dive deep into a specific historical period or branch of service, which can be personally fulfilling.
  • Willingness to Learn: If a new collector is willing to invest time in learning about military history, medal design, and authentication, military medals can be a valuable investment. With the right knowledge, new collectors can find undervalued military medals and build a valuable collection over time.
  • Higher Budget: If a new collector has a larger budget (>$50,000) and is looking for a long-term investment with higher potential returns, military medals may be a good choice. Top military medals have a track record of significant appreciation, and they are less likely to be affected by market trends.
• Tips for New Collectors Getting Started:
  • Start Small: Whether collecting Olympic or military medals, start with a small, affordable piece to gain experience. For Olympic medals, consider a modern bronze or silver medal from a recent Games. For military medals, consider a service medal (e.g., National Defense Service Medal) rather than a valor medal.
  • Do Your Research: Learn as much as possible about the medals you’re interested in. Read books, join collector communities, and consult experts to gain knowledge about design, authentication, and provenance.
  • Focus on Condition and Authenticity: Always prioritize condition and authenticity over rarity or price. A well-preserved, authentic medal will hold its value better than a rare but damaged or fake medal.
  • Buy from Reputable Sellers: Purchase medals from reputable auction houses, dealers, or collectors with a proven track record. Avoid buying medals from unknown sellers or online marketplaces without verification.

In conclusion, Olympic medals are the better choice for most new collectors due to their lower risk, easier accessibility, and broader appeal. They allow new collectors to enter the market, gain experience, and build a collection without a large investment. Military medals are better suited for collectors with a specialized interest in military history, a willingness to learn, and a larger budget. Regardless of which type of medal you choose to collect, the key to success is research, patience, and a focus on quality and authenticity.

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