Watch List notes:

RUSSIA. Gold medal (14 ct) ornated with white and red enamels, imperial crown of Nicholas II sitting on top, with a gold chain and ribbon. Obv. Crowned bicephalous eagle and date 1910. Rev. XXXVIII / НЦН / Д.Д. ПОПОВЪ. AU. 12.19 g. RRR UNC
Original ribbon with colors of the Russian flag.
Ex. Chaponnière & Firmenich SA auction 5, 7 December 2013, lot 813. 11'000 CHF + bp.