Watch List notes:

Spain, Order of Isabel la Catolica, the central medallion from the breast badge of the Order, with central FR7 monogram of Ferdinand VII, enamelled on on blue background, on gold, legend on ribband around, A LA LEALTAD ACRISOLADA - POR ISABEL LA CATOLICA, wt. 2.48gms., 30mm., very fine
*ex W. V. R [Roy] Baldwin Collection (in envelope stating, "Gift from Chamberlain see his letter of 13th Oct. 1951") – the mentioned letter now missing.

Estimate: 80 - 120 GBP