Watch List notes:

EGYPT: Farouk, 1936-1952, gilt AR medal, 1937, 50mm, The Conference for the Abolition of Capitulations in Montreaux by the Huguenin firm in Switzerland, ROYAUME D'EGYPTE above Egyptia before lotus flowers and Sphinx // CONFERENCE / DE MONTREUX / ABOLITION DES / CAPITULATIONS / AVRIL MAI 1937, mountains below, designer's name and hallmarks at bottom, EF. The Montreux Convention Regarding the Abolition of the Capitulations in Egypt was an international convention which concluded 8 May 1937, and led to the abolition of the extraterritorial legal system for foreigners in Egypt, and its replacement by a new system that went into effect 15 October 1937.

Estimate: 300-500 USD