GUEST: The pendant is actually an Olympic medal that I got from my grandfather, who won a silver medal, as this is, in the 200 meters in 1912 in Stockholm. And this is a chewing tobacco card representing him in some facsimile. He was a bronze medalist in the 100, and he set the world record in the 100.

APPRAISER: So your grandfather sets the record in a heat of the 100, but then he wins the bronze. Now he runs the 200...

GUEST: Yep.

APPRAISER: And he ends up winning the silver, this medal…

GUEST: Yeah.

APPRAISER: …in the 200.

APPRAISER: And he loses them both to Ralph Craig. He was taken from UPenn as a freshman.

GUEST: Yeah, 18-year-old.

APPRAISER: He finished Penn. Now, it's a shame that your grandfather wasn't able to participate at the height of his powers in 1916, because of the onset of World War I.

GUEST: Definitely.

APPRAISER: Well, let's talk about the medal. You see that it has a bail here. Now, I believe it was probably added after the fact. The other thing I noticed

with this is that there's some wear there.

GUEST: Yeah.

APPRAISER: And I think that's because he wore it.

GUEST: The wear might have been, he wore it like a pocket chain watch…

APPRAISER: Oh!

GUEST: …and he rubbed it for good luck. I don't know how much it brought, but... (chuckling): Wore this down a little bit.

APPRAISER: What's great about this is that you have, also have the original box of this, and you also have the participation medal.

GUEST: Yeah.

APPRAISER: Which is good, but the main part is that you have the provenance.

GUEST: Oh, yeah, yeah.

APPRAISER: You know where it came from, it's your grandfather, and that means a lot in terms of value.

GUEST: Yeah, yeah.

APPRAISER: If I were going to place an auction estimate on this, it would be $10,000 to $12,000.

GUEST: Oh, great. Phenomenal.