Watch List notes:

GERMANY: Wilhelm II, 1888-1918, oval AE medal, 1914, 90mm x 60mm, World War I, The Carrier of Culture, medal by Karl Goetz, the heads of the Allied leaders, Russian Tsar Nicholas II & King George V, French President Raymond Poincare, and figures for the Colonies of North and South Africa and India & Asia, KVLTVRTRÆGER above and VERBVENDETE IM WELTKRIEG 1914 / legend in eight lines, ZVR SCHANDE ..., EF. A similar example sold in Baldwin's Auction 41 lot 1704 for $245. Photo size reduced.

Estimate: 175-225 USD