Watch List notes:

Commemorative Medals, Joseph Chamberlain (1836-1914), Statesman, Visit to South Africa, 1903, silver medal, by J. Fray, for Messrs. Mappin & Webb, facing bust, rev. angel extends protective arm over ship, legend in cartouche, 51mm. (Hern 572; AM Cat. 99; BHM.3888; Eimer 1876), in red leather case of issue, matt surface, mint state
Chamberlain visited South Africa between 26 December 1902 and 25 February 1903, seeking to promote Anglo-Afrikaner reconciliation and to welcome their contribution to the British Empire.
Ticket states "Ex Sverdlof, 23/3/52" (80-120 GBP)