Watch List notes:

JAPAN: Taisho, 1912-1926, AE medal, year 14 (1925), 76mm bronze medal by I. Sato, rising sun flag with nama (life) character and nine-pointed star with ka (prolongate) character, vine around, shinchiku kinen (In Commemoration of the New [Building] Construction) above, date Taisho 14, month 5 (May, 1925) below // building, four character stamp on edge, EF. The motto on the flag and star may be that of some sort of life insurance company.

Estimate: 75-100 USD