Watch List notes:

DENMARK: token, ND (ca. 1910s?), B-J.S.A98, 21mm brass token for Thomsen-Terkelsen, crowned shield with THOMSEN-TERKELSEN - KJØBENHAVN around // BELØNNINGS / MEDAILLE / FOR / 1/1BOUTEILLE, very lustrous, plain edge, PCGS graded MS65.

Estimate: 50-75 USD