Watch List notes:

GERMANY, German Empire. Malt Racketeers and Hoarders. Cast Æ Medal (59mm, 62.87 g, 12h). By Karl Goetz. MALZSCHIEBER (Malt Racketeers), two racketters pushing padlocked wagon marked MÜNCHEN/[NACH]/BERLIN on the side, and DER/PATRIOT/BVND on the back; to left; policeman saluting; to right, second policeman holding back crowds; behind, birds picking up pieces of barley on ground; 1916 in exergue / HA MST ER (Hoarders), scene at train station: hoarder, carrying large bag of contraband, walks unchallenged through the gate while handing his ticket to the ticket-taker; to right, policeman frantically searches woman's bags, with one lying on the ground; K · G in exergue. Kienast 182. Brown surfaces. As made.

From the PS Collection of Medals of the Great War.