Obverse
Star of Beiyang Army /"Northern Ocean Army"/ which is very similar to the Manchukuo army star.
東三省航空虎 - Three Provinces of Northeast China (namely: Liaoning) Flying Tigers
紀念 - Commemorative
Reverse stamped 50.
chinawarlordsawardsanddecorations
chinese aviation badge
chinese aviation watch fob
liaoning flying tigers watch fob
warlord era chinaawardsanddecorations
warlord era chinese medal
東三省航空虎紀念章
On the perimeter
直鲁豫巡阅使曹锟敬贈 - Presented by Cao Kun https://en.wikipedia.org/wiki/Cao_Kun, the visiting envoy of Zhili Allied Forces (i.e. Zhili clique https://en.wikipedia.org/wiki/Zhili_clique)
in the center of the medallion
六十寿辰紀念章 - 60th Birthday Commemorative Medal
It seems that nothing is known for certain about this order.
Even its official name.
In the center of the medallion two hieroglyphs
赤胆 - lit. Red Belly/Guts (idiom) [赤 - sincere and loyal 胆 - bold and courageous]
赤胆忠心 /chìdǎnzhōngxīn/ lit. red-bellied devotion (idiom); whole-hearted...
chinawarlordsawardsanddecorations
chinese medal with golden lion
chinese order of extreme bravery
chinese order of golden lion
order of extreme bravery
order of golden lion
北洋政府赤胆勳章
忠勇勳章
民国九年赤胆奖章
民国九年赤胆银质镶珐琅勋章
民国北洋时期(段祺瑞)赤胆奖章
民国北洋时期赤胆勋章
赤胆勳章
金狮勋章