1937 Imperial Navy Large Maneuvers Participation Commemorative Watch Fob/昭和12年帝國海軍大演習参加記念章

1st variation.

Obverse

帝國海軍 - Imperial Navy

reverse

昭和十二年度 - 1937

帝國海軍大演習 - Imperial Navy Large Maneuvers

参加記念 - Participation Commemorative

 

Another example.

Size 44 x 31.3 mm.

 

Specimen in a good condition.

 

2nd variation.

Different stamp.

 

1st variation vs. 2nd variation.