Romania, Kingdom. A Military Academy Graduation Badge Auction expiry date of December 31

expiry date of December 31

The upper fabricated from a fine plush maroon velour

the Royal Naval Air Service

measuring 107 mm (w) x 93 mm (h)

Romania, Kingdom. A Military Academy Graduation Badge Auction expiry date of December 31Three 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.