Watch List notes:

Ottoman Empire AR Medal. Uncertain date, possibly Abdul Hamid II (AH 1293-1327 = AD 1876-1909). Toughra within suns rays above elaborate arms with ornate cartouche at centre; foliate decorations and orders below / Wreath. Cf.
Stephen Album Rare Coins 35, lot 1100 for an example of the Sanayi Medal, the type of which matches this medal but has a different ribbon. 19.31g, 31mm, 12h.

Good Very Fine.

From a private US collection.