Watch List notes:

WORLD HISTORICAL MEDALS, BELGIUM, Honneur aux defendeurs d'Arras, 1917, a large bronze medal by A. Mayeur, Belgic lion with standard, rats running below, rev. damaged buildings, 109mm, edge stamped 11 (Frankenhuis 43; BDM VIII, 40). A powerful design, extremely fine and a rare limited issue; in buff velvet-lined case of issue £100-150

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Provenance: BDW Auction 5, 1 June 1994, lot 94