Hungary, Regency. A Royal Navy Cap Badge, Scarce certificate_of_authenticity rust evident where the blade

rust evident where the blade feeds into the handle

It is also fully encompassed by a multi-piece grey rayon liner

the badge fabricated from gold-coloured bullion wire interlaced with gold-coloured sequins

although mop-up operations continued for another two weeks

small wear to blue enamel in inscription

Hungary, Regency. A Royal Navy Cap Badge, Scarce certificate_of_authenticity rust evident where the blade(Magyar Kirlyi Haditengerszet). In die stamped bronze with a dark brown gilt finish, unmarked, measuring 49. 8 mm (w) x 55. 8 mm (h), intact clip, exhibiting scattered greening on the reverse, very light contact, near extremely fine.