RD3894.)HJ GOLDEN LEADERSHIP BADGE: yes, a spurious old copy that was made to deceive. Outstanding and identical to the specimens shown in the major reference works. This one is good. With separately applied HJ glass enameled badge inside golden oak leaves. Dimensions are 21x36mm. Shows very convincing light tarnishing to gold finish. Reverse has the correct spring clip pin-back and RZM logo in high relief along with maker's code 'BM 1/122'. EXC++++

This gem quality vintage fake would easily be considered genuine, if real it would be $450 piece.