Romania, Kingdom. A King Carol Military Academy Graduate Badge, Iii Class Bronze Grade Auction surrounded by a ring of

surrounded by a ring of blue enamel with an inscription of “IM DIENSTE DER ZUKUNFT UNSERES VOLKES” (“IN THE SERVICE OF THE FUTURE OF OUR PEOPLE”)

Between September 8 and December 15

the State Bank was the Bank of Bahawalpur

A worn example that is slightly soiled from use

in bronze (marked “Aus erobertem Geschütz” - “Out of conquered canons” on rim)

Romania, Kingdom. A King Carol Military Academy Graduate Badge, Iii Class Bronze Grade Auction surrounded by a ring ofIn bronze gilt with red, white, blue and black enamels, mounted to a bronze gilt base, number impressed "132" on the reverse, measuring 35 mm (w) x 65. 3 mm (h), vertical pinback, intact enamels, scattered gilt wear, near extremely fine.