Watch List notes:

COMMEMORATIVE MEDALS, Medals by Subject, Music, Engraved Silver Medal, "Presented to James Markrose by his pupil Charles Ord as a mark of esteem Oct 1875", rev two banjos crossed, 43mm, corded edge, split suspensionm loop. Very fine.
In the cataloguer's experience it is most unusual for the pupil to present a medal to his teacher.

Estimate: £100-150