Obverse
In seal script 奉迎 - Welcome
reverse
陸軍特別大演習- Army Special Large Maneuvers
行幸記念 - Imperial Visit Commemorative
官東居衛團 - Imperial East Residence Guarding Team
昭和七年拾壹月 - November 1932
Marked with 純銀 - pure silver and Ikoma workshop maker's mark https://asiamedals.info/threads/badges-marks-and-history-of-ikoma-workshop.20961