Watch List notes:

CHINA – MEDALS, 中國 - 紀念章, Republic 民國: Republic of China Patriotic Medal, Fifth Class 中華民國愛國徽章伍等, ND (c.1920), shield-shaped, in silver, "財政部造幣總廠製" within frame on back, 35mm x 53.5mm; Kwangtung Merchants Association for the Maintenance of Public Order, Member Badge 粵商維持公安會會¬¹, 1912, in silver, "梁江之" at centre, 38mm. Very fine and about extremely fine.
(2pcs)

Estimate: US$250-300