Spain, Facist Period. An Air Force Pilot/Observer Badge c.1955

Four-piece construction, insignia in bronze gilt on a red enamelled circle, the insignia held in place via a screwpost and nut combination, mounted to a silvered bronze wings base with a gilt crown, unmarked, measuring 95 mm (w) x 39.5 mm (h), dual loops, intact enamels, very light contact, near extremely fine.