Watch List notes:

PHILIPPINES: AE medal, 1943, Basso-165, Proclamation Medal for the founding of the Republic of the Philippines by Crispulo Zamora, bust left of President of the Republic proclaimed during the Japanese occupation / Philippine flag with clear tassels at the end of each lanyard, mintage 2,000 pieces, 44mm, EF to About Unc.

Estimate: 150-250 USD