Watch List notes:

RUSSIA, Empire. Yelizaveta Petrovna (Elizabeth). 1741-1762. Æ Medal (64mm, 106.0 g, 12h). Liberation of Prisoners. By T. Ivanov, after J.G. Waechter. Dated 15 December 1741. D · G · ELIZABETHA · AVGVSTA · OMN · ROSS · , crowned bust right / CLEMENTIA AVGVSTÆ, Clementia standing right, holding palm frond and releasing three prisoners; in background to right, prisoners exiting gate of castle; in exergue, NOXIORVM VINCVLIS/ EXSOLVTIS · MDCCXLI ·/ D · XV · DEC ·. Diakov 85.2. Brown surfaces, some spotting. Near EF.

From the El Medina Collection. Ex Spink 121 (9 October 1997), lot 923.