A First War Medal for Military Valour; Silver Grade

Type II (1887-1943): Silver, engraver marked "Z" on the obverse, engraved "ALTIPIANO D'ASIAGO / AL Capitano PANEL F.L." and "MCMXVIII" (1918) on the reverse, 33.3 mm, original ribbon, bruised, edge nicks, light contact, better than very fine.