A first pattern Coburg Badge attributed to Ludwig Schmied, offered by an auction house which was sold for 7800 euros plus commission fees. The starting bid was 2,500 euros. These badges have seen prices increase steadily as the collector market recognises the importance of these first pattern pieces as only 436 were ever issued. Only a very small number are known to survive today. This particular badge comes with a post-war collector's box labelled with Ludwig Schmied which is recognised as one of the original recepients of this coveted badge. The pin set up in this piece is original and particularly fragile.
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