China, Republic, Merit Decoration of the Republic, Second Class, breast badge, in silver-gilt and enamel, with seal script, maker’s mark to reverse of ‘Lao Tian Li Zi’ China Enamels Factory and officially numbered ‘2025’, 53mm width, with original ribbon and original wooden case of issue, obverse centre rotates slightly, minor loss of enamel to left-most point of badge to obverse, very fine, and scarce

Estimate: GBP 500 - 700