Thanks for the new pictures, K. Much better! Always better to get more than one opinion...but mine is that this is a cast copy of an original badge. The softness of features of the obverse could be due to wear...but, for me, the reverse tells the tale. If compared with a textbook example (below) of a nickel silver or buntmetal ROAG by this maker, the differences in construction and finish are clear. All original badges of this type that I've come across have the same die mark to the reverse of the wreath, something that copies do not. The rivets, although close, are not typical, and the same for the catch/hinge. Let's see what other members think.