Watch List notes:

DENMARK. Christian X, 1912-1947. Order of the Danebrog. 7th type with royal cypher of King Christian X (1912-1947). Commander's 1st class set, including commander's badge in gold and enamels, Copenhagen hallmark on the ribbon ring, 40x79 mm, and a commander's 1st class breast star in silver and enamel, partly gilt, unmarked, 57x76 mm. Total (2). Gritzner p. 73-76 var; Klenau 4739, 4711. AU, AR. 34.11, 46.30 g. EF testmark on ring, VF traces of cleaning and small enamel defect
No ribbon. The badge is probably a modified example issued under Christian IX, the date of the hallmark being 80 (1880).