Quality of workmanship & quality of materials are two different things Hugh.
This is not a bad selut, but it is a very long way from what we might consider to be "good", it is fair average pasar quality.
The white stones are very probably yakut, there is virtually no monetary value in these stones, the red stone probably garnet, again no real monetary value.
The metal might be silver, or it might be tin, either material will cost within a few dollars of each selut's price. In fact, for this sort of selut many people prefer tin because it does not tarnish and when worn, it looks like silver anyway.
The workmanship in this selut is again not bad workmanship in the section we can see, but it is very long way from good, it is also a very long way from the lowest cost selut that can be obtained. Even though this is just FAQ, it still has a value in the market place that would be comparable to a low value keris.
Any selut at all is not a low cost item. If we have a well carved iron selut on a well carved hilt with some age, we could say that the iron selut alone makes up half the value of the hilt + selut, and that value will be comparable to the value of a pretty decent keris.
If we compare a selut such as the one you have shown us, we are not looking at big money, but it will still cost as much as a low level keris, or maybe a bit more.
Now, if we go to very good selut, made as a bespoke item by a good jeweller from 22ct gold and set with brilliant cut diamonds and rubies, then we are looking at the cost of a new middle quality small motor car.
In a good quality dress keris, the value of the selut alone can exceed the combined value of all other components that make up the complete keris.
Between the bottom of the market, & the top of the market there are many graduations of value, which means that just about anybody can have a selut as a part of his keris, if he wants it.
The seluts that we see today developed from plain iron ferrules that were intended to stop a hilt splitting under pressure, & in very old keris that did use an iron ferrule, not every keris had one.
The early keris of modern form and the even earlier Keris Buda, had a metuk, just like a tombak metuk, rather than a mendak. As the use of a keris as a required part of formal dress increased, so did the complexity and elegance of keris dress increase, & the metuk was replaced with a mendak.
Early mendak were cast, sometimes bronze, or brass, or any other suitable material, but that solid cast mendak was gradually replaced by a fabricated mendak that tended to collapse under pressure, thus acting as a sort of shock absorber when a strike encountered bone or perhaps a belt buckle.
The mendak & selut is a rewarding field of study.
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