I have one the same as yours. It's for the NSDMB, (National Sozialistische Deutscher Marine Bund) A Breast badge. Mine for comparison.
EDIT: Believe me it is gold in colour, doesn't show on photos.
looks fine to me.
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100% period original
LIFE'S LOSERS NEVER LEARN FROM THE ERROR OF THEIR WAYS.
Thank you all for your attention!