Watch List notes:

GERMANY, German Empire. Peace Negotiations of Pope Benedict XV. Cast FE Medal (58mm, 72.59 g, 12h). By Karl Goetz. Dated 15 August 1917. VER LOR ENES SPIEL (Lost game, Allies on a sinking ship: Woodrow Wilson trying to save a bag of gold, David Lloyd George holding onto mast; Raymond Poincaré behind in fear; Russian seated djected to right / 15 • AV GVS T • 19 17, dove, holding olive branch, flying right, supporting papal tiara; papal kety below; K · G in exergue. Kienast 193. Black brown surfaces, hint of rust. As made.

From the PS Collection of Medals of the Great War.