According to my copy of Die bayerischen Orden by Schreiber that is the silver medal for industry, which shares the same obverse as the medal for arts and sciences. Total number of awards is 45, so quite rare, but certainly doesn't justify this insane price.
You're right, you have to be extremely careful with this award, our 'Belgian friends' are producing exact copies these days. I like the looks of that one.
Rick, here is another fake Saxon case. And another product from our Schraegstich friend. For comparison I'm including a couple of shots of a real Reuss Arts and Sciences Cross. These are rare.
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