Indian Order of Merit, Military Division, 2nd type (1912-39), 1st Class, Reward of Valor, silver, gold and enamel, the reverse with screw-nut fitting and impressed on two lines ‘1st Class Order of Merit’, lacking ribbon buckle, nearly extremely fine and very rare £900-1200

The 1st Class Indian Order of Merit was awarded just 22 times in the period 1912-39.