Spain, Kingdom. An Order of Naval Merit with White Distinction, II Class Star, Fullsize and Miniature, c.1980

(King Juan Carlos, 1975-2014) Cross bearing an anchor in silver gilt with blue and white enamels, surmounted by the crown in silver gilt with red enamels, the cross framed by four insignia consisting of two lions and two castle towers in silver gilt, all of which are mounted to a silver eight-pointed star base, each star point with five pairs of faceted rays, measuring 62.5 mm (w) x 62.2 mm (h), vertical pinback flanked by dual stays;

Miniature: two-piece construction, insignia in silver gilt with blue and white enamels, mounted to a silver eight-pointed star base, measuring 19.5 mm (w) x 19.5 mm (h), ring-style button hole attachment).

Intact enamels, extremely fine.