m38 Propaganda or not...

[pauke]

blue

The photo with your thumb in it seems to show light blue next to the cap. I have a cap with similar fading/discoloration and it is transport. This one appears to be that as well.

[Frozzer]

there is no blue colour.

inside flaps, and under the soutache there is no blue colour - but still grey, a but darkner, but grey.

[marcinkappa]

Hi Guys,

I`ve had this cap for some time in my collection and I just wanna say there is only grey colour, also under soutache, IMHO I always considered this cap as Propaganda.
Just my two cents