Bulgaria, Order for Bravery, 4th class, 2nd grade, 1915-1917 issue.
Silver-plated brass, enamels. Measures 41.0 mm in height (incl. eyelet), 39.2 mm in width. In excellent condition. A very elegant and well-made piece.
In excellent condition. The enamel is perfect (what may appear as a hairline on the reverse of the lower arm is in fact a slight manufacturing imperfection.) The silver finish is pristine. Comes on a period tri-fold ribbon which shows minor amount of soiling but is still very presentable.