Watch List notes:

COMMEMORATIVE MEDALS, World Medals, Russia, Paul I (1754-1796-1801), Oval Glass-paste Cameo Portrait Medal, c.1791, by James Tassie (1735-1799), his bare head right in white paste, with shoulder-length hair, against a dark or black background, 49.5mm x 38mm, contained in a modern gold frame. As made and an exceptional rarity.
The portrait was reproduced by Wedgwood in 1791 (see Reilly & Savage p.267 [a], where stated to be from an engraving by James Walker (1748-1812), after a gem cut by Maria Feodorowna (Maria Feodorovna) (Sophie Dorothea of Württemberg – 1759-1828), his second wife).

Estimate: £800-1200