3 Clasps - DEFENSIVE SECTOR, MEUSE-ARGONNE, YPRES-LYS. In bronze gilt, engraver marked "FRASER" (James Earle Fraser) on the obverse, measuring 36 mm (w) x 40.5 mm (h) inclusive of its laterally-pierced ball suspension, gilt wear overall on the medal and all three clasps, greening and spotting present on the reverse, original ribbon with brooch pinback, the ribbon exhibiting slight fraying where it butts the brooch, better than very fine.
Footnote: The World War I Victory Medal (known prior to establishment of the World War II Victory Medal in 1945 simply as the Victory Medal) was a United States service medal designed by Mr. J. E. Fraser of New York City under the direction of the Commission of Fine Arts. The award of a common allied service medal was recommended by an inter-allied committee in March 1919. Each allied nation would design a 'Victory Medal' for award to their military personnel, all issues having certain common features, including a winged figure of victory on the obverse and the same ribbon. The Victory Medal was originally intended to be established by an act of Congress. The bill authorizing the medal never passed, however, thus leaving the military departments to establish it through general orders. The War Department published orders in April 1919, and the Navy in June of the same year.