Watch List notes:

TUDOR. Elizabeth I. 1558-1603. Cast Æ Medal (61mm, 76.07 g, 12h). Dangers Averted – Naval Reward. By N. Hilliard. Later (18th century?) cast of a 1588 original. DITIOR IN TOTO NO ALTER CIRCVLVS ORBE (No other circle in the whole world more rich) in incuse, crowned facing bust of Elizabeth, holding scepter and globus cruciger and wearing large ruff / Bay tree on island inscribed [NON IPSA PERI/CVLA TANGVNT] (Not even dangers affect it); ships around, winds and storms in sky; all within wreath. MI 154/130; Eimer 61Aa. EF.

From the J. Eric Engstrom Collection, purchased from Hedley Betts. Reportedly ex Archbishop Sharp Collection.