Similar to the satirical medallic issues of Karl Goetz, Walther Eberbach was inspired by the events of World War I to create a series of rather morbid medals to propagandize the German war effort. The theme upon which he decided to focus was the Totentanz, or "Dance of Death." This series of issues, a divergence from the ephemeral topic of vanitas, portrayed Death as a skeleton, quite gleefully taking joy in the demise of his enemies-the allied powers-rather than a subtle reflection upon life and death. This frank morbidity is expressed by Eberbach himself in a letter to Julius Menadier, in which he writes "...I want whoever holds the pieces in their hands years later to be overcome by the shudder grimness." It's safe to say that, in this desire, Eberbach was astoundingly successful.
Following the massive defeat at Tannenberg on the Eastern Front, Russian resolve for the war effort waned greatly, with their losses eventually reaching 1.5 million. At home, food prices soared and shortages were common. The civil and political unrest caused them to withdraw from the war, and ultimately led to the abdication of the czar, Nicholai II, and his execution, along with that of the entire Romanov ruling family.
Estimate: $700 - $1000