Watch List notes:

GREAT BRITAIN: AR livery medal (33.39g), 1804, 61x43mm oval silver livery badge for The Cutlers' Company, London, by I. P., elephant standing left with castle howdah and banners all within laurel wreath // (engraved script) "Wm. Smith / Livery / May 26th. 1804, with integral hanger, 3 hallmarks on obverse, reverse has light scratches, light porosity from heat and is lightly cleaned, plain edge, EF to AU, ex Jerry D. Williams Collection.

Estimate: 130-170 USD