Watch List notes:

(g) Spain, Alfonso XIII, gold Medallet, 1912, Commemorating Launch of the Acorazado Espana, steam ship left, rev. ACORAZADO "ESPANA" around wreath, C.N. below ties, BOTADURA | FER. ROI | 5 FEBRERO | 1912 inside wreath in four lines, 5.07g, lightly cleaned, otherwise good very fine, rare in gold.

Estimate: £400 - £500