1st variation made by Hattori workshop in pure silver.
High quality hot enamel. Marked 純銀 - pure silver.
Reverse reads
有功章 - Merit Badge
海軍協會 - Navy League
Original case.
紅色有功章 - Red Merit Badge
服部時計店 謹製 - made by Hattori Watch Shop...
akiba medals tokyo
badge made by akiba
badge made by taishodo
badges of navy league
imperial japan navy league
japanese badge
red merit badges of navy league
taishodo workshop
海軍協会章
海軍協會章
海軍協會紅色有功章