Watch List notes:

CHINA. China - Peru. Reorganization of the Kuomintang Silver Medal, 1924. PCGS Genuine--Holed, AU Details.
Diameter: 23mm. Obverse: Flag of Kuomintang and flag of the Republic of China crossed in saltire; legend around; Reverse: Inscription in nine lines. Edge: Plain. Nicely struck, this silver medal displays little evidence of handling, though a hole at the top accounts for the details designation.

This medal commemorates the reorganization of the Kuomintang in 1924, from the Chinese Revolutionary Party. Among other consequences, the 1924 reorganization of the Kuomintang strove to end warlordism in China. To this end, the Kuomintang sought aid from the Soviet Union to reunify China, and allied themselves with the Chinese Communist Party in the First United Front. Before China could be reunified, Chiang Kai-shek purged Communists from the United Front, leading to the outbreak of the Chinese Civil War, which would continue until 1949, with a brief hiatus from 1936-1945 to fight the invading Japanese forces.

Estimate: $700 - $1000