Watch List notes:

BRITISH INDIA: George V, 1910-1936, AR medal, Rai Sahib medal, 2nd type, British Crown with a laurel wreath below it, left facing portrait of George V in central circle, outer circle engraved with title RAI SAHIB with deep blue enamel, all surmounted on a 5-pointed rayed star, with loop for ribbon, reverse hand engraved Lala Ram Saran Dab, 1st Jan[uar]y 1935, EF. Lala Ram Saran Dab was a member of the First Council of State (1921), the Second Council of State (1926), the Third Council of State (1930-1936), and the Fourth Council of State, elected to represent the Punjab.

Estimate: 300- 400 USD