This is a nice example of a First World War Wound Badge in Silver (Verwundeten Abzeichen in Silber 1918). The Woundbadge was instituted on 3 march 1918. The badge was instituted in three classes with the class bestowed reflecting the number or severity of the wounds received. The classes consisted of a black badge for one or two wounds, a silver badge for three or four wounds and a gold badge for five or more wounds or loss of a limb. Of course are the pin and catch functional. The non-magnetic type badge is not visible maker marked, this is the harder to find cut-out variant (durchbrochen). Nice example in good used condition!