Watch List notes:

COMMEMORATIVE MEDALS, WORLD MEDALS, Medals of the Axis, Germany, Italy withdraws from the Triple Alliance, Bronze Medal, 1915, by Karl Goetz (1875-1950), Italian soldier in local costume, dismissed at the point of a bayonette, rev the soldier rides and attempts to stab a double-headed eagle in the back, 57mm (Kienast 158). Extremely fine.

Estimate: £80-120