RUSSIAN IMPERIAL BADGE 31st INFANTRY REGIMENT

Russian Imperial Badge of the 31st Alexopolsk Infantry Regiment, 1911
Gold wreath of laurel and oak branches bound by a gold ribbon. inside: the wreath is the gold cypher of the Empress Anna Ioannovna beneath the gold Grand Duchess Crown hemispheres and falling gold ribbons. On the cypher of Anna Ioannovna is the gold cypher of the Emperor Nicholas II beneath the gold Imperial crown. Bronze, 38.11 x 51.81 mm, 8.60 g.
ESTIMATE PRICE: $600 - $700.
REFERENCE: V.Kempf. Regimental Badges of Imperial Russia, item 1.5.31.60, R, price in XF condition is $1500 - please see the screenshot (CATALOGUE is selling on lot #1000).
History of sales: On auction Znak (Moscow), 2008, auc. 4, lot 305, the same badge in VF condition was estimated for $2800.
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WIKIPEDIA: A regiment is a military unit. Their role and size varies markedly, depending on the country and the arm of service. In Medieval Europe, the term "regiment" denoted any large body of front-line soldiers recruited or conscripted in one geographical area, by a leader who was often also the feudal lord of the soldiers. By the end of the 17th century, regiments in most European armies were permanent units, numbering about 1,000 men and under the command of a colonel.