55mm. Silver. Unsigned.
Obverse with initials on cinquefoil, reverse engraved 'Maythorn Prize Essay Competition 1932 - Awarded to William John Watson, Birmingham - Together with the second prize of £10 for an essay on Overhead Charges or Oncosts', hallmarked below.
Extremely Fine and scarce.
Ex DNW auction 19/03/2003, lot 1283.