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Medal: Germany Prussia Centenary  1897
Medal: Germany Prussia Centenary 1897

According to this Wikipedia page, the Kaiser Wilhelm Memorial Medal, also known as the Centenary Medal, was established in 1897 by Wilhelm II on the occasion of the 100th Birthday of his grandfather, Emperor Wilhelm I. The medal was awarded by Prussia to state and university officials, as well as all military officers, non-commissioned officers and enlisted personnel, which were actively serving in army, navy and Schutztruppe (colonial armed forces). Medals were also awarded to the surviving veterans of the First Schleswig War, Second Schleswig War, Austro-Prussian War, and the Franco-Prussian War.

You see these on sale for a few tens of US dollars. They often come with ribbons attached or in special collars (like April's example). Catalog values run roughly like this:

worn: $5 US dollars approximate catalog value
average circulated: $10
well preserved: $40

Coin: 15713 , Genre: Medals
Requested by: april, Wed, 16-Oct-2013 16:48:36 GMT
Answered by: Paul, Sat, 02-Nov-2013 02:52:34 GMT
Reviewed by CoinQuest. Appraisal ok., Fri, 02-Oct-2015 17:14:49 GMT
Requester description: Front. WILHELM / DER / GROSSE / DEUTSCHE / KAISER KOENIG / VON / PREUSSEN. With picrure of man with beard and cloak and knights helmet. On rear, ZUM ANDENKEN AN DEN HUNDERTSTEN GEBURTSTAG DES GROSSEN KAISERS WILHELM I. 1797 22.MAERZ 1897. Has silverish ring around outside. unknown
Tags: medal germany prussia centenary medallion medals medalion badge medaille medallions greman deustch bundesrepublik deutchland deutschen duetsches dutches deutiches deutsches deutscherlander deutschiand deuches germanic bundesrublika deutschland germeny gremany dutchland deutsch deutsche germandy deutschem bundesrepublika deutscher german deutches deutchlands deutchen deutschlands preussen prussion preuss prussian prvssie centenaro centenario front wilhelm der grosse grossen kaiser koenig von man beard cloak robe knights knight helmet zum andenken an den hundertsten geburtstag des kaisers i maerz silverish silver ring circle wihelm wilhelms wilh whilhelm willhelm koeni konung konigr coing koningrik koenigreich koningrujk kongung koningin koin koning koningrijk koningryk konge kongeriget koninkrijk koenigreigh koeing konig kongerike boy male mann boys mans gown robed robes toga togua nobleman helmeted helmit helmets siliver sliver argent silber slver silb circled encircle crrcle cirle circlet circles circlr circal citcle encircled ringed circumscibed cirlce circel encircles encircling rings circling cirlces circular cicurling circumscribed leaves leaf leafs leave leaved leafed leafy leavs hair hairdo hairline

  

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Sun, 11-Dec-2016 02:11:59 GMT, unknown: 11254084