1904 St Louis Olympic Games an extremely rare athlete’s participation medal by Dieges & Clust

1904 St Louis Olympic Games an extremely rare athlete’s participation medal, by Dieges & Clust, New York, without any traces of loop at top edge, as presented to the athletes, the obverse with a naked athlete and inscribed OLYMPIC GAMES SAINT LOUIS 1904 USA, the reverse inscribed 1803 Universal Exposition Commemorating The OLYMPIC GAMES 1904, PHYSICAL CULTURE DEPARTMENT, Frederick J. V. Skiff, Director of EXHIBITS and the shields of St Louis, France & USA on a background of ivy leaves, 40mm. 

The present medal has no loop, or traces of a loop being removed, and therefore was originally presented to a participating athlete.