Watch List notes:

BELGIUM: AR medal (46.86g), [19]21, 69 x 44mm silver medal, unsigned, ornate and made into a broach, flan is approximately ear-shaped, city on river scene with tower in town and city arms at left // laurel and oak wreath with recessed disc in upper center reading DINANT SUR MEUSE and NATATION / 21-8-2 (engraved), so probably a swimming award, unusual and attractive, EF.

Estimate: 150-200 USD