Naval Review at Spithead, 1889, a silver Crown-sized medal by L.C. Lauer, uniformed bust of the Kaiser right, ADMIRAL OF THE FLEET, rev. panorama of the reviewing ship and ships in line, edge grained, 38mm (BHM 3369; MH II, 417; Marienb. 10470). Extremely fine, rare £120-150

Revised estimate £250-300