Germany, Luftwaffe. A Round Wreath Version Pilot's Badge, By C.e. Juncker GTRexclude as the Soldbuch states that

as the Soldbuch states that payments were made until May 31

front cover embossed and decorated in gilt

Denchik was discharged from active service in 1946

Silvered and Enamel

The scabbard is constructed of an iron base (magnetic)

Germany, Luftwaffe. A Round Wreath Version Pilot's Badge, By C.e. Juncker GTRexclude as the Soldbuch states that(Flugzeugfhrerabzeichen, runder Typ). A rare example of a circular wreath Pilot's Badge, constructed of silvered zink, the obverse consisting of a circular laurel and oak leaf wreath, joined together at the bottom by ribbon, overlaid by a swooping Luftwaffe eagle clutching a mobile swastika, the reverse with two visible rivets securing the obverse eagle in place, with a barrel hinge and vertical pinback meeting a round wire catch, unmarked but with