Watch List notes:

COMMEMORATIVE MEDALS, World Medals, Canada, Winter Sports, Silver Star, awarded 1896, crossed 'gold' snowshoes applied in centre of eight-pointed star, lis in angles, rev "Open Race 2nd Prize Jan 25 1896", un-named, 44.5mm, maker R Hemsley, Montreal. Very fine.
R Hemsley, now Hemsleys, Jewellers of Montreal, established 1870 and still very much in business

Estimate: £80-120