Watch List notes:

Khwarezm Republic. Red Military Order. S/S Type I, var. 2. Silver and red enamel. Screwback. Hand chased. Unnumbered. Star and crescent superimposed on red enameled shield, Turkic legend around, crossed scimitars and branches behind. Extremely rare and among the rarest early Soviet Republic Orders. Old scratches on reverse. Intact enamel and very well preserved. Extremely Fine. Estimated Value $40,000