Watch List notes:

COMMEMORATIVE MEDALS, WORLD MEDALS, Medals of the Axis, Germany, The Sinking of the RMS Lusitania, Iron Medal, 1915, by Karl Goetz (1875-1950), the ship, laden with planes, guns and weaponary, sinking, date below 7 MAI, rev Death, as the clerk, selling ticket to a crowd that includes a top-hatted Count Johann-Heinrich von Bernstorff, the German Ambassador to the USA, raising a warning finger, 56mm (Kienast 156, pp.13-18; Fearon, The Lusitania Medal, NC, April 1965, pp.82-83). Very fine.
This is the variety with the corrected date.

Estimate: £250-350