Watch List notes:

FRANCE, Revolution of 1848. Æ Medal (37mm, 19.79 g, 12h). Political Clubs – Croix-Rousse, Lyon. By Garapon. Dated L'An 57 of the First Republic (AD 1848). Phrygian cap over dagger; level and angle flanking; above, COURAGE ET PROBITÉ/ CROIX-ROUSSE; below, R · F · AN LVI/ HONNEUR AUX VORACES / (star)/ LS PARLENT/ LA LIBERTÉ/ RÉGNE,/ LES FORTS TOMBENT/ 1848. Collignon, 2e Republique Lyon 28. Brown surfaces with hints of iridescence, flan flaw on reverse. EF.

From the J. Eric Engstrom Collection.