IHTM21023 - Household goods and personal goods: types of asset: stamp or coin collections; medals, decorations and awards
If you need advice on the value offered for any individual item or collection you should refer the matter to Shares and Assets Valuation (SAV).
Medals, decorations and awards are excluded from the charge to Inheritance Tax, under IHTA84/S6 (1B). There are further instructions at IHTM04263 about the types of award that qualify for the exemption.