"Serbia, Kingdom. A Set of Army Colonels' Epaulettes, Adjutant to King Alexander 1897-1900
(Epolete višeg pešadijskog Oficira, Kraljevog ađutanta u činu Pukovnika); constructed of high quality material, of multi piece construction, with gilded and silvered metal parts, gilded fringes, silvered Royal Chyper superimposed on top (Milan Obrenovic), and red fabric underneath. Of highest quality manufacture, likely Austrian, in near mint condition case of issue (case showing some age); a very rare and desirable set of Epaulettes in top quality and condition."
Wrong description, king's adjutants wore monograms of the current, not the past ruler. Apart from that, the monogram is from a different period.,
Photos found HERE.