Watch List notes:

CHINA – MEDALS, 中國 - 紀念章, Republic 民國, Tsao Kun曹錕: High Inspecting Commissioner of Chihli-Shandong-Honan Tsao Kun 直魯豫巡¾\使曹錕獎章, May 1922, in gilt and enamels, with riband and five-pointed star, 52mm. Fine.

Estimate: US$300-400