It's certainly the Schickle design but exhibits different production quality (and age) from the wartime examples we've seen posted and it has an odd finely corrugated surface texture on the reverse. We've seen one other example of this type with this hinge and pin -- a shiny new one from a decades old photo from the files of Roger Bender.
The catch is a close facsimile of a Schickle catch but slightly different, appearing thicker and with a slightly different "step" at the bottom end. If I had to guess, I would suspect this is an early reproduction, perhaps from the Floch era. We don't know what happened to Schickle's tooling so it's even conceivable that the mysterious yet highly prolific Floch-era producers got a hold of some dies along with all the various leftover wartime bits and bobs incorporated into their wares.
It wouldn't be the first reproduction of the Schickle badge. Here's one previously posted by AZartman which was more obviously a cast product. He even had it analyzed and showed it to be cast in silver. Those were the days!
The catch on this one mimics the other type of Schickle catch (round-wire with a flattened base). Someone obviously had originals to work from.
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