Romania, Kingdom. A Military Academy Graduation Badge Auction date marked "r" (1912) and

date marked "r" (1912) and engraved "CAPT

a large hole next to the front right waist pocket

(Wehrmacht Medaillen)

including Africa and Indochina

An integral loop descends from each side of the ring and accommodates a period original black leather chinstrap

Romania, Kingdom. A Military Academy Graduation Badge Auction date marked "r" (1912) andThree piece construction, insignia in silver gilt with red, white, blue and black enamels, mounted to a base in silver with red, white and green enamels, the insignia illustrating an eagle with the Romanian coat of arms on its chest, backed by an open ended wreath of laurel leaves and oak leaves and surmounted by the Royal crown, unmarked, measuring 53 mm (w) x 56 mm (h), vertical pinback, intact enamels, extremely fine.