Watch List notes:

James I, 'Ark Badge', a later copy of the Naval Reward in silver, probably 19th Century; obv., bust of James I threequarters right wearing hat fastened with a jewel, lace ruff, fur and Collar and George of the Garter, iacobvs dg mag brita fr et hi rex, rev., stet salvvs in vndis, rays bursting from clouds over the Ark upon ocean waves, 59 x 48mm (cf MI I/ 233/95, 234/98 and footnote), lightly chased, without suspension, extremely fine and toned
Estimate: £800 - 1200