This rather splendid little pin in gilt and enamel would have been sold to raise money for the Austrian navy in the early years of WW1. It has a maker's mark 'Ffthills, Nefer Wien' and also 'Depose' (patent pending). Loosely speaking, from memory, this badge is based on the cap badge design of the Austrian navy.
It measures 3.4cm long and there is some fairly severe corrosion/verdigris to the reverse of the buttonhole fitting, which I have largely removed. Fortunatley the maker's mark is still legible.
If you want to comment on this item—re quality, age, etc—please email me.
[Militaria : Badges : Austrian : 20th Century]
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