It looks too new for me. I think its a repro with a genuine item number sigh. I founded this original buckle:
If your compare the item numbers, you can see that, that your buckle is a earlier model as that in the link. It has a better condition, although its older? Very strange...
On the backside of the buckle is written M4/22 and on the tag M4/25...lol
My opinion is that I personally don't like the construction based on examples in other threads..
JMO of course... G
I'd rather be A "RaD Man than a Mad Man "
Hopefully, Ben Evans will add his expertise to this Buckle/Tag...Personally, I don't see anything fake here with Buckle or Tag...Aside from the mismatched-numbers that our friend has pointed out...But the Tag appears original as well to my eyes...These sell for around $150, but yours is missing the other Catch...
Here is a fake on the left a real one on the right. The cast fake weights at lest twice the real one.
I think the buckle is good but I'm looking at it on my phone. The tag looks like it is 22 marked. I would pay the extra for the tag.. This isn't one of my favorite style buckle but you might as well get the nicest one you can find. The brocade is one of my favorites but they seem way over priced at most dealers. You can get Diplomatic brocades for far less than NSDAP brocades. Here is the nicest NSDAP set I have owned.