Germany, Kriegsmarine. An S-Boat War Badge, Second Pattern, by Schwerin consisting of a blue enamelled Romanian Cross with clusters of nine gilt rays in eac integral ring and elongated suspension

integral ring and elongated suspension loop

composed of red leatherette exterior stamped ORDEN JUGOSLOVENSKE ZVEZDE SA LENTOM

Footnote 2:

the former indicating Heer issue

Sporadic patches of mothing and other material fatigue are evident

Germany, Kriegsmarine. An S-Boat War Badge, Second Pattern, by Schwerin consisting of a blue enamelled Romanian Cross with clusters of nine gilt rays in eac integral ring and elongated suspension(Schnellboot Kriegsabzeichen, 2. Form). Constructed of gilded and silvered zink, the obverse consisting of an oval oak leaf wreath, joined together at the bottom by ribbon, topped by a Kriegsmarine eagle clutching a mobile swastika, surrounding a central S Boat cutting through waves, with its bow extending beyond the edge of the wreath, the reverse with a barrel hinge and tapering horizontal pinback meeting a flat wire catch, topped by a stabilizer,