Watch List notes:

CHINA - MEDALS, 中國 - 紀念章, Republic 民國: Copper Medal, 1940, commemorating the Founding of the City of Kweilin, Obv peak at centre, "天南" at right, "一柱" at left, "桂林市成立紀念" above, "中華民國廿九年五月" below, Rev tree at centre, "陳市長丙南就職紀念" above, "庇蔭群生" below, "中央造幣廠桂林分廠製贈", 21mm (CCC 730). Chocolate brown, extremely fine.

Estimate: US$150-200