Hungary, Regency. An Order Of Merit, Gold Grade Merit Medal United Republic of Eight notches are neatly carved

Eight notches are neatly carved into the upper crossguard

Thin blue white and red ribbon on suspension ring

and a little later from Flight Instruction School at Pensacola

bronzed zinc

Hungary, Regency. An Order Of Merit, Gold Grade Merit Medal United Republic of Eight notches are neatly carved(Magyar rdemrend). Instituted in 1922. In gilt, measuring 39. 2 mm in diameter, spotting evident on the obverse, light contact, on its original triangular civil ribbon with hook and eye, better than very fine. Footnote: The Order of Merit of the Kingdom of Hungary was established on June 14, 1922 by the Regent ofthe Kingdom of Hungary, Vice Admiral Mikls Horthy. After its establishment, the rules of the order were changed numerous times. On December