Watch List notes:

IRAN: Ahmad Shah, 1909-1925, AR medal, AH1337, cf. Rabino-78, 31mm, silver award medal for valor, three-quarter view bust left wearing fez with plume, wreath below and date at bottom // lion with radiant sun in background within inner circle with Persian script and symbols around, faint scratches in reverse field, looped for wearing, Fine.

Estimate: 75-100 USD