Beobachterabzeichen as a reduced badge/ Is it original?

[Reconquista]

Hello Guys,

I have never seen a reduced badge like this before.

Is it an original?

The maker mark of the backside looks like well ( in my opinion).

Best regards

Christian

[Chopperman]

I also have never seen one before.
I would guess that it's a post war badge made for
one of the many veteran's associations.

[VtwinVince]

Completely new to me as well. I'm sceptical.