Opinions on Eiserne division badge

[Elias]

Hey fellow collectors, just picked this up from a flea market.
Opinions? good? bad?

[Elias]

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[Brian L.]

IMO. bad. It actually seems to be over-done in how it's made. For one thing, I've never seen one with this kind of exotic hardware.

Here's what the pin should look like and as far as I'm aware, there are no variations. There are some that have a pin like the WWI wound badge. Some believe this type is also legitimate. But, IMO, I still think the only good ones are like the one I'm showing here.