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bronze medal


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All I can deduce thus far it that I think it is a Romanian medal. And based on the multiple repeat punch engravings, it may have been a trial strike. 

Romania was a signatory and ratifier at the Paris Peace Treaties, 10 February 1947. There may be a connection here since the medal refers to Victory.

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This design was used on a range of sporting trophies, frequently with a suspension loop. Although Victorii is a Romanian word, in this case it is merely a case of Deco styling. I would suggest that K. A. R. stands for King's African Rifles.

 

https://www.etsy.com/uk/listing/594236467/antiquevintage-silver-medalmedallion?ref=similar_items-26

 

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