Watch List notes:

World Medals, South Africa, Cycling, The Johannesburg Cyclists Touring Club, Cyclists' Carnival, Johannesburg, large uniface undated and unissued copper prize medals (3), an open scroll (for naming), on the spokes of a wheel, 88.5mm., much as struck and presumed rare (3)
*ex Baldwin's vault.
Believed struck for the Carnival held in 1896.