It is certainly a rather conservative estimate, notwithstanding, I dare say the missing KSA would rule it out for some collectors.
Still an interesting recipient, I note he was convicted by Court Martial at Dronfield after the awful siege and "reduced to the ranks" as a direct result.
djb wrote: From tomorrow's auction at Spink. I will buy a hat and eat it if this medal goes for the estimate.
QSA (3) DoK OFS Tr (3981 Cpl. A. Dyer, 1st. L.N. Lanc: Regt.)