Watch List notes:

IRAN: Ahmad Shah, 1909-1925, AR medal (11.12g), AH1337, cf. Rabino-78, 31mm silver award medal for valor, ¾ view bust left wearing fez with plume, with wreath below and date at bottom // lion with radiant sun in background within inner circle with Persian script and symbols around, faint graffiti in obverse right field, nicely toned, Choice EF, S.

Estimate: 100-150 USD