Watch List notes:

COMMEMORATIVE MEDALS, World Medals, Italy, Lucca, Maria Aloysia de Borbone, Duchess (1817-1824), Gilt-silver Reward of Merit Medal, by G Santarelli, diademed bust right, rev within wreath, MERENTIBVS, 41.5mm. Side-pierced at top for suspender, very fine and scarce.

Estimate: £300-400