Watch List notes:

CHINA - MEDALS, 中國 - 紀念章, Republic 民國, Lu Yu-Ting 陸榮廷: Copper Medal, 1916, Obv ¾-facing military bust, "廣西都督陸榮廷贈", Rev eagle at centre, "中華民國五年" above, wreath below, 39.5mm, with suspension loop and ribbon (L&M 947 for type). Toned, good extremely fine and very scarce.

Estimate: US$1,000-1,200