Watch List notes:

TURKEY: Mehmet V, 1908-1918, AR medal, AH1322 (1915), NP-1115, Medal of Merit (Liyakat Madalyasi), circular silver medal pierced with loop for ribbon suspension; elaborate trophy of arms, the Sultan's radiant tughra above / inscribed in Arabic characters 'Medal of Merit especially for Those Who Have Shown Loyalty and Bravery' and dated in Arabic numerals AH1308 (= AD1890) with original ribbon, EF, S. The medal was instituted in 1890 and became the standard Ottoman military decoration. It could also be awarded to civilians for merit and from 1905 to women for charitable and meritorious acts. From 1915, military awards made during World War I had the ribbon bar seen here. The Medal is not often found.

Estimate: 175-225 USD