This has got its original leather tag, designed to keep the ammunition pouch in place on the belt, and is stamped 'OEL' to the reverse, which may stand for 'Offenberg - Engels & Co, Ludenscheid'. The size of the lettering (larger than normal) may indicate post-war ownership by this factory for use on a display board or as a sample.
From about 1916 on, these were replaced by die-struck steel examples with a grey wash. There is some bruising to the box frame where the OEL mark shows through from the reverse.
If you want to comment on this item—re quality, age, etc—please email me.
[Belt Buckles : German : 20th Century]
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