Souval Auxiliary Cruiser Badge with short pin

[CROATIA]

Does anyone have badge with same pin setup. My is missing complete pin system. R.S marking is higher than what you see usually on Souval badges.

Any opinions are welcome.

[CROATIA]

Here is front view

[CROATIA]

Here is rest of the familly. They were all find together and somebody removed all pins and framed badges like picture.
One badge is marked Schwerin, 3 are R.S and 1 is unmarked

[byterock]

Looks like a good one to me. Pity about the condtion. To long behind a frame me thinks.

I wonder if this is a case where a badge can be 'reconditioned' and actully improve its value??

[Nigel N]

dont the "R" & "s" look like the more rounded postwar souval lettering????

[Bruce Simcox]

That marking......

......doesn't look correct. The R.S. I am familiar with is more angular in nature. Unless I am mistaken, that one is FAKE.

[Ludwig]

My guess would be an early fake.