Watch List notes:

Commemorative Medals, Australia, Melbourne Centennial Exhibition, silver medal, 1888, by Stokes & Martin, crowned veiled head of Victoria l., rev. legend and Southern Cross within wreath of British oak and Australian wattle, edge engraved SPALDING AND HODGE, 51mm. (Carlisle 1888/8), bright extremely fine
Spalding & Hodge, paper manufacturer in London, founded on 23 November 1789 by Thomas Spalding and Thomas Hodgson. In the 19thC they had the largest share of the British book paper market. The company remained in business until after the Second World War. (200-250 GBP)