Watch List notes:

GERMANY, German Empire. Oswald Bölcke. AR Medal (41mm, 14.30 g, 12h). By Franz Eue and Ludwig Christian Lauer. Undated issue. Bust left, wearing overcoat and Pour le Mérite; OSWALD/BÖLCKE in two lines to right; F. EUE on truncation of bust / DEUTSCHER HELDENMUT IN DEN LÜFTEN (German heroic courage in the air), German monoplane to left in dog fight with two enemy biplanes over battlefield; in exergue, L. CHR. LAUER NUERNBERG flanking monogram. Edge: 900. Zetzmann 1432. Iridescent toning, proof-like fields, a few handling marks. As made.

From the PS Collection of Medals of the Great War.