Germany, Kriegsmarine. An Auxiliary Cruiser War Badge, By Schwerin & Sohn Newly Listed the cap features a fold-down

the cap features a fold-down side panel fully lining the circumference

The bottom left corner and the bottom of the sash is finished in twisted silver wire fringe

Footnote: Virovitica is a Croatian city near the Hungarian border

as the third toast

in heavily silvered bronze loosely shaped like an Iron Cross

Germany, Kriegsmarine. An Auxiliary Cruiser War Badge, By Schwerin & Sohn Newly Listed the cap features a fold-down(Kriegsabzeichen fr Hilfskreuzer). Constructed of gilded zink with aluminum, the obverse consisting of an oval oak leaf wreath, joined together at the bottom by ribbon, topped by a Kriegsmarine eagle clutching a mobile swastika, around an aluminum globe depicting the Northern Hemisphere, topped by a Viking longship cutting through waves, the reverse with a low set flattened rivet securing the obverse globe in place, with a barrel hinge and banjo style