Watch List notes:

France and London, The Franco-British Exhibition, Earls Court, 1908, a square advertising medal for Levallois-Peret, struck in graphite, LE CARBONE le carbone in scroll above legend, rev. city arms of Paris, 57.5mm., extremely fine, scarce Le Carbonne (later Carbone Lorraine) was a French manufacturing company founded in 1891 that still trades today under the name Merson. It specialises in the use of graphite in electrical and electronic applications. (£50-60)