Watch List notes:

VATICAN: Leo XIII, 1878-1903, white metal medal, 1885 year X, 43mm, medal by F. Bianchi, Papal Ruling and Arbitration in the Caroline Islands Conflict Between Germany and Spain; LEO XIII PONT MAX ANNO X around bust of Pope // CONTROVERSIA DE INSVLIS KAROLINIS EX AEQUITATE DIREMPTA, in exergue PACIS ARBITRA / ET CONCILIATRIX / MDCCCLXXXV, EF. The Carolines Question (Carolines Crisis) was a conflict between the German Empire and the Kingdom of Spain over the sovereignty of the Caroline Islands and Palau in the western Pacific. It took place in 1885, at the beginning of the German colonial empire and towards the end of the Spanish Empire. Pope Leo XIII acted as arbiter between the two Empires.

Estimate: 75-100 USD