CHINA. East Hebei. Silver Merit Medal, ND (established 1935). CHOICE EXTREMELY FINE.，30.41 mm; 16.48 gms. Peterson-310/1. Seal script inscription and central design within irregular border; Reverse: Two column inscription and upper legend identifying the issuing government. Red striped yellow silk ribbon with hook on back attached to top ring. A <strong>RARE</strong> and seldom encountered badge issued by the Japanese puppet state in China which only existed as a political entity for three years (1935-38). A very well preserved example with no significant contact marks or signs of handling. The peripheries show attractive blue and green toning while the centers and fields have light golden toning. Housed in its fitted black lacquered wooden case of issue which has sustained significant damage with the lid being separated from the bottom.，CHOICE EXTREMELY FINE.，
