Thanks for your good response! Deschler GPBs bearing studs are also distinguished by the manner of the numbering on the reverse: as you know, regular Deschlers, both large and small, carried the numbering or the 'AH' and date in a straight line, whereas the Fuess-marked GPBs were numbered along the bottom edge. But the addition of a button-hole stud at the Deschler factory changed their thinking on where to place the number/'AH' and so Deschler studded GPBs carried their numbers along the bottom edge just as the Fuess-marked badges did.
I did notice that the photo of the reverse of the studded badge in question included the number in a straight line, which indicated to me that the stud was applied to a regular Deschler small badge, undoubtedly by a local jeweler and not by the factory. Also, the style of the stud itself which Deschler used is different from that on the privately-modified piece. I didn't want to get into such detail with my initial response, but your note gave me the opportunity!
The Eberstein small Deschler would be a 'keeper' in most any collection, and especially with the privately-modified stud reverse...IMO, of course!
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