Watch List notes:

EGYPT: Fuad I, as King, 1922-1936, AR medal (171g), 1927, 72mm, for the official visit of His Majesty Fuad, king of Egypt, to Belgium, 26-28 October 1927: bust of Fuad right, designed by S.E. Vernier // sphinx & Belgian lion, inscribed ancient Egyptian object above, designed by G. Devréeres, minuscule scratch in reverse field (barely noticable without magnification), beautifully toned, About Unc, RRR. A similar piece, about the same condition, sold at the Bertolami Fine Arts Auction 24, Lot 1101, for $4988 (June 2016), the only example listed on CoinArchives since 2001. Photo size reduced.

Estimate: 3,500-4,000 USD