Runner-up's award is marvelled about (11)

I believe the answer is:

silvermedal

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'runner-up's award is marvelled about' is the definition.
I can't tell whether this defines the answer.

'is marvelled about' is the wordplay.
'about' indicates anagramming the letters.
'is'+'marvelled'='ismarvelled'
'ismarvelled' anagrammed gives 'SILVERMEDAL'.

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I've seen this clue in The Mirror.

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