Watch List notes:

IRAQ: Republic, AV medal (34.85g), ND, struck for the Egyptian branches of the Rafidain Bank and headquartered in Baghdad, Iraq, established in 1941, with the Arabic phrase that translates as "appreciate your services", surface hairlines, Proof. Medal struck by Huguenin Freres with HF mintmark and hallmark (22K) in Le Locle, Switzerland likely in the late 1970s or early 1980s. The Bank's name means "the two rivers", referring to the Tigris and the Euphrates Rivers.

Estimate: 2,000-2,200 USD