Kriegsmarine Auxiliary Cruiser Badge by Schwerin, Berlin. Constructed of tombac with a soldered-on set-up and riveted hinge. Maker marked on the reverse.
The badge itself is in excellent condition with only minor signs of age. The reverse aluminum hinge rivet is completely intact and tight. The only flaw is that the catch hook has been broken off.
A premium piece and the rarest Schwerin badge in the Kriegsmarine badge series.