Watch List notes:

CHINA – MEDALS, 中國 - 紀念章, Qing Dynasty 清朝: Silver Medal, Guang Xu Year 28 (1902), Obv "獎" within circle, flanked by dragon, "光緒二十八年三月" above, "欽差專使大臣貝子銜載 澄衷蒙學堂學生" in outer circle, Rev "葛祖蘭" and "鳳祥 怡記", 34mm. About extremely fine.
"澄衷蒙學堂" was the first private secondary school in China, endowed by donation from Shanghai tycoon Ye Cheng Zhong ¸¬澄衷

Estimate: US$200-300