Cut-out Wound Badge in Gold

[ADOLPH]

Hi all,

I have a new WB in gold, cut-out version which I guess is a private purchase, isn´t it?
Could anyone tell me if this badge was made in the 1920´s, 30´s or even during the III Reich period?

Thanks in advance,
Adolph.
WB1

[ADOLPH]

Wb2

[ADOLPH]

Wb3

[ADOLPH]

Wb4

[ADOLPH]

Wb5

[Don D.]

20s-early 30s IMHO.