A 1923 Stahlhelm Membership Badge in Silver

Two-piece construction, silver with black enamels, marked "935" (silver), with the Stahlhelm insignia, marked "GES. GESCH." (Gesetzlich Geschützt) and engraved "VI. WF. 49. / 25.10.1921" on the reverse, 30.5 mm, vertical pinback, chipping in the black enamels along the bottom edge, very fine.