This is a 1939 pattern die stamped magnetic sheet metal construction hollow backed badge with a black finish. The badge is in the form of an embossed oval shaped laurel leaf wreath, featuring an embossed M35 pattern helmet with a swastika in the center, over crossed swords. The background has a stippled finish. The original black finish is about 90 to 95%. The reverse of the badge is a mirror image of the obverse and has a crimped soldered hinge, a thin round vertical pin, and a heavy soldered catch all of which is intact. There is some light rusting on the front right side of the badge, however, the finish is still firmly adhered.
A nice example, even though it is a bit dirty. It would clean up nicely should one decide to do so.