Germany, Wehrmacht. A Rare Panzer Assault Badge, Special Grade for 50 Engagements, by Gustav Brehmer Auction Archive maker marked "SPINK & SON

maker marked "SPINK & SON Ltd" on the pinback

constructed of two pieces of light blue card stock

While the KM was largely captured by Italian forces during the German-led Axis invasion of Yugoslavia in April 1941

a central gold stripe

Germany, Wehrmacht. A Rare Panzer Assault Badge, Special Grade for 50 Engagements, by Gustav Brehmer Auction Archive maker marked "SPINK & SON(Panzerkampfabzeichen in Silber mit Einsatzzahl "50"). Constructed of silvered zink, the obverse consisting of an oval oak leaf wreath, joined together at the bottom by a raised plaque bearing a raised and gilded number 50, topped by a Heer style German national eagle clutching a mobile swastika, surrounding a central Panzer IV rolling over logs and with its left tread extending beyond the edge of the wreath, the reverse with three visible hollow