Yes. I can imagine, although I've never seen one, everything else 'high-end' Imperial German has been copied. What bothers me about the Thies catalog/ad baton is the earlier form, of 7 alternating crowns and eagles, versus the 5 alternating crowns and eagles on all the other batons awarded during WW1. AND, NONE of the photos of Hindenburg holding the formal baton show anything but the FIVE alternating crowns and eagles, even the bronze statue one. That's telling. Unless someone can provide a photo of him holding this more elaborate baton, it seems unlikely to me to be an original.
I am copying it (NOT good enough for a 'deceptive copy'-the eagles are of a different form- but only for my uniform displays) so I need to at least have it made in the proper form and the correct Schriftband. I think we have solved the wording of the Schriftband. The copy will be of the FIVE alternating crowns and eagles.