Help-Can anyone identify this visor cap badge?

[Georg]

A guy at work has offered this badge to me, but I have no idea what it is. It appears to be a device for a German Visor Cap. Can anyone help with the Identification of this badge; he is asking 50 bucks for it, what should I offer him?

[zwerge]

It is an NSDAP political leaders visor cap insignia,price sounds good to me.

[therifleman]

Example:

[Karl S.]

One of the higher priced dealer is selling just the wreath for $119. So $50. is OK.
The Collector's Guild

[Georg]

I got the cap insignia; it may not fit in my Imperial collection, but a neat piece.

[iron cross]

50 bucks thats a nice buy nice job