Watch List notes:

MEDALS, 中國 - 紀念章, Republic 民國: Silver Medal, ND (1912), "湘" surrounded by "名譽勳章", possibly awarded to soldiers of the Hunan garrison who rose in support of the 1911 Revolution 光復湖南, 38mm x 51mm, with suspension loop and ribbon. About extremely fine.

Estimate: US$200-250