A very nice piece of a medal from the royal series created by Johann Carl Hedlinger.
The type with a border decorated with a grid (rarer).
Comes with a card from an old collection.
The medal commemorates King Sigismund III, but does not give him a laurel, for as we read on the reverse:
"Born 1566, crowned 1594. Because papal priests and foreign troops disturbed the public peace, from Charles, Duke of Sudermania, expelled with the consent of the citizens. He died 1632."
Bronze, diameter 33.0 mm, weight 13.69 g.