I keep looking for any run marks, overspray, build-up or anything that would make me think painted and really don't see anything. The detail on the front is incredible which (to me) doesn't indicate painting because all the small details are crisp. One wing tip on the back has a little silver to it, but that is it.....
Ken, it is a perfectly normal S&L - I can even see a little of the original green lacquer on the reverse. Someone dipped it. Still a good badge, but squeaky clean.
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