U-boat badge – C.E. Juncker, Berlin(cut out swastika!)

U-boat badge – C.E. Juncker, Berlin. Early ‘Kriegsmarine U-boot-Kriegsabzeichen’ with Juncker design not showing the later die flaw and with very uncommon fully cut out swastika. This example being very thick and shows two marks of being hand vaulted giving it more 3d like shape. Remains in good worn condition with some of the gilding worn down on the front and reverse. Shows the early setup with round wire catch. Really good Juncker variant!