Germany, Wehrmacht. A Panzer Assault Badge, Bronze Grade, AS Maker Republic of Both the liner and sweatband

Both the liner and sweatband are maker marked “ABTEILUNG BERTHOLD LISSNER

the 5th Ranger Battalion took part in the Battle of the Bulge

He later also claimed three more Albatros and an observation balloon

Republic: Legion of Associated Airborne Patch

Germany, Wehrmacht. A Panzer Assault Badge, Bronze Grade, AS Maker Republic of Both the liner and sweatband(Panzerkampfabzeichen in Bronze). Constructed of bronzed zink, the obverse consisting of an oval oak leaf wreath, joined together at the bottom by ribbon, topped by a Heer style German national eagle clutching a mobile swastika, surrounding a central Panzer IV rolling over grassy terrain, with its left tread extending beyond the edge of the wreath, the reverse with a ball hinge and vertical pinback meeting a flat wire catch, maker marked with the AS