Here is another view of the Town Guard data. For this plot, the numbers of QSAs issued to a particular unit has been grouped into buckets of 20s and then 100s. QSAs with clasps has been coloured differently as they normally (with the exception of the Dundee TG last week) influence price. The average hammer price for each group has been added.
The mouseover includes the recipient, unit name and number issued.
Overall the plot shows that the number issued is a factor but probably more important are clasps and medals to officers - based on this sample of data anyway.
I will add in the DNW data and see what that shows.
The stand out for me from this latest plot is the Kimberley TG - 2,594 issued (the most for a TG?), and 4th or 5th most expensive TG QSA on the day. Why?
Apart from their historic high price and the obvious research potential - but limited activity by the TG. But, when compared to actual activity surely the Hopefield TG QSA where they encountered invading Boers and HMS Sybille was wrecked in nearby Saldanha Bay is a better story than a chap in Kimberley sitting in his dugout during a siege?
I guess there is a "fashion" element to collecting.