Luftwaffe pilot observer badge by C.E. Juncker, Berlin. Tombak constructed wreath with rivited nickel silver eagle. Maker marked on the reverse with the Juncker maker mark. So called "J1" variant, the earlier pre war production of Juncker. Very good condition with a super overal patina showing with small signs of age. Tombak rivets in good and tight condition. The badge come sin its original and matching blue box of issue. Box  in excellent condition. 
An uncommon and very attractive early J1 Juncker pilot!