BELGIUM. The "Keyhole" Medal, 1911.
39x65mm silver (lightly gilt), by Jean-Baptiste DeKeyser (1857-1927). Obverse: Woman seen thru a keyhole. Reverse: Circular insert die, also set within a keyhole design. This insert die could be changed and the medal could be issued for other organizations, in other years. This one is for an organization of "commercial secretaries." Belgian medals were far more often struck in silvered bronze than in silver. Named pieces, such as this, are more likely to be struck in silver. This piece is also hallmarked at lower right obverse. Ex-Paul Bosco, ca.1900 ($240). Unusual, with a stunningly beautiful design. SUPERB MINT STATE.