Watch List notes:

FRANCE, Revolution of 1848. Silvered Æ Medal (22x29mm, 3.88 g). Demonstration of 15 May. Dated 15 May 1848. DÉDIE À LA GRDE NATIONAL, Liberty standing facing, holding tricolor flag and resting foot on vanquished foe, holding dagger; building in background to right; R F in exergue / 15/ MAI/ L'ASSEMBLÉE/ NATIONALE/ ENVAHIE/ PAR LES FACTIEUX/ LE PATRIOTISME/ SEUL. LA CONSOLIDÉE. 1848. Collignon, 2e Republique 364. Good VF.

From the J. Eric Engstrom Collection.