From what I can discern from the above; The law is clear as to new manufacturing of medals but quite ambigious as to the validity of buying or selling existing medals other than the Congression Medal of Honor and the other medals specifically cited.
Timboo:
I am now a designated disposer of worn out currency so I'll send you my address as well. Wink
As an aside: This Air Medal is IMO very attractive and my pictures don't do it justice.
Jim