S-Boat War Badge 2nd model. In the rare variant ‘ CUT-OUT ’, the swastika with cut-out arms. The reverse is stamped with the maker mark “FEC W E PEEKHAUS BERLIN AUSF SCHWERIN BERLIN 68”, with a vertical needle style pinback, barrel hinge, and flat wire catch and top hook. The condition is EXC+. Total weight 32 g. Dimensions: 49,5 x 58,5 mm.