Watch List notes:

USA, W. R. Grace & Co., large 'Fine Silver' medal for 30 years service (Frederick Cecil Bevis), 1949, by the Medallic Art Company, New York, a sailing clipper, rev. map of the Americas with symbols of progress, ship, plane and skyscrapers, 88.25mm., in fitted case, matt surface, extremely fine
W. R. Grace & Co. issued a 14ct gold medal for 40 years service.

Estimate: 80 - 120 GBP