Early "GES: GESCH" and late M1/120 party badges

[RZM111]

Found these two badges today.
The planchet of the early one looks more convex than normal .
The M1/120 badge still comes in pristine condition.

Any idea when the early one was produced ?
Guess of course before 1933 or much earlier

Hope the attached pics are good enough to check the details

TIA.

[RZM111]

more pics

[RZM111]

last pics.

BTW :

Hope both are o.k. ?

[Wim Vangossum]

Both are fine!

Regards, Wim

[RZM111]

Thnx Wim

[okkultist]

any idea when the early one was produced ?
Guess of course before 1933 or much earlier

1920-1932.