I believe this to be a reproduction...the Runes are too thick and the reverse pin-plate is of the type often found on current fakes...
A total fantasy badge, and one to be avoided. Here are 2 threads that cover this, and there are more on this Forum if you have a look.
SS Badge and DRL Sports Badge: Authentic pieces?
SS or Fantasy Items, Pin & Cuff
These badges are readily available from sites such as this:
S.S. enameled lapel badge
Regards
Brett
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