A Scarce Cloth Version of a Kriegsmarine High Seas Fleet Badge

A scarce and desirable cloth version of a Kriegsmarine high seas fleet badge; constructed of high quality multi-coloured machine embroidery, consisting of a golden wreath, light gray waves, and a medium gray battleship; all on a dark blue wool backer; measuring 65 mm x 54 mm; light mothing; overall extremely fine condition with very light soiling on the right side of the ship.