Spain, Facist State. A Miniature Military Medal, c.1938

(Medalla Militar). Instituted in 1918. Type III (1938-1970). In silver, measuring 15.5 mm in diameter, surface wear, light contact overall, original ribbon, suspended from a traditional horizontal hanger, better than very fine. 

Footnote: The Military Medal was instituted on June 29, 1918.