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Unknown Medal; believe it to be an NCAA Championship Medal

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I picked up this medal yesterday in a lot I purchased at my LCS. Only cost me silver melt, so no loss if it's nothing. But, what little I have managed to learn about tell me it is probably a lot more than nothing. It is an inch and a half in diameter and the edge has stamped "MEDALLIC ART CO N.Y." and just to the right of that "STERLING SILVER" It contains just shy of an ounce of silver. Based on what I have managed to learn I think it is some sort of medal that was given to players of the winning team for the 1958 NCAA Basketball Championship. The team that won that year was the University of Kentucky, and that would make some sense since I live near Kentucky. If anybody has any info about what this might be, your comments would be greatly appreciated!

DSCF7490 (640x480).jpg

DSCF7491 (640x480).jpg

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Great medal. Have you tried to contact the NCAA for information about it. I'm sure they have extensive archives.

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