Italy, Republic. Lot of Four Italian Air Force (Regia Aeronautica) Badges Auction Archive suspended from a hanger with

suspended from a hanger with vertical pinback

the obverse depicts a free hot-air balloon with the NSFK emblem at the top of the air-bag

III Class (Orden Zasluge Za Narod III Reda)

an unusual award consisting of a silver gilt Maltese cross with scaly arms and ball finials

with some loss of finish and material fatigue evident to the cross and package

Italy, Republic. Lot of Four Italian Air Force (Regia Aeronautica) Badges Auction Archive suspended from a hanger withIncludes: 1. Pilot Observer Badge: two piece construction, in bronze gilt eagle, mounted to a fire gilt bronze flame and wings base, maker marked "JOHNSON MILANO" on the reverse, measuring 70. 5 mm (w) x 23 mm (h), horizontal pinback. 2. Pilot Badge: two piece construction, in bronze gilt eagle, mounted to a fire gilt bronze crown and wings base, unmarked, measuring 70. 8 mm (w) x 22. 8 mm (h), horizontal pinback. 3. Pilot Badge: fire gilt eagle and