Watch List notes:

Badge for Doctors of Imperial Russian Universities. P/B 2.16. Silver and enamel. By the firm of Morozov. Open silver rhombus, a blue enameled cross superimposed at center, Imperial eagle at top with wreath, letter "Д" superimposed at bottom. "4" and maker's mark "ИM" on back. Back of the cross glazed. Pincatch has been repaired, light even wear. About Extremely Fine. Estimated Value $1,000