Watch List notes:

France. Balloon Medal, "1783". Appears to be silver-platted, later striking of first balloon flight demonstration, by N. Gatteaux, 41mm: conjoined heads of the brothers Joseph Michel and Jacques Etienne Montgolfier left. Reverse; Balloon rising above the clouds at the Champ de Mars in Paris. PCGS graded Specimen 63. Estimated Value $100 - 150
Ex The David Karpeles Collection.