Hungary, Republic. A Golden Wreath of Recognition of the Republican Elders

(A Köztársasági Elnők Elismerésének Arany Koszorúja). Instituted in 1948. Two-piece construction, in silver gilt with red, white and green enamels, dated "1948" on the reverse, measuring 34.5 mm in diameter, both prongs intact, on its original ribbon, extremely fine.