Watch List notes:

FRANCE, Second Empire. Napoléon III. 1852-1870. Satirical Æ Medallet (25mm, 5.83 g, 12h). Napoléons Humiliation at Sedan. Dated 2 December 1851 and 2 September 1870. NAPOLEON III LE MISERABLE • 80 000 PRISONNIERS, head left, wearing Prussian pickelhaube and chained collar reading SEDAN, smoking a cigarette / VAMPIRE FRANÇAIS • 2 DECBRE 1851 • 2 SEPBRE 1870, owl standing facing, wings spread, on cannon set on pile of bones. Collignon, Guerre 44. Red-brown surfaces. EF.

From the J. Eric Engstrom Collection.