This would have been mounted on a wooden plaque, hence the holes at the corners. The design is taken from the Nazi era award, whose main difference is a capital 'R' directly under the middle feet of the horse.
It appears to be fire gilt, as there is some spill over of gilding on the reverse, tpyical of fire gilding, but logically it should be an electro-plated piece at this period.
If you want to comment on this item—re quality, age, etc—please email me.
[Militaria : Medals : German : 20th Century]
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