Romania, Kingdom. A Military Academy Graduate Badge, III Class Bronze Grade, c.1935
In bronze gilt, illustrating a stylized eagle, its talons gripping an interlocking "PP", the crowned cypher of Carol II (reign: 1930-1940) above, the crowned Romanian coat-of-arms at the lower left, measuring 35 mm (w) x 65.5 mm (h), vertical pinback, scattered gilt wear, spotting, contact marks, very fine.

