Bulgaria, People’s Republic. A Pair Of Nikolai Vaptsarov Naval Academy Graduation Badges Buy Now in silvered bronze with white

in silvered bronze with white and black enamels

engraved "Dem

July Monarchy

maker marked “Bruno Mulde

Bulgaria, People’s Republic. A Pair Of Nikolai Vaptsarov Naval Academy Graduation Badges Buy Now in silvered bronze with whiteA pair of Nikolai Vaptsarov Naval Academy graduation badges, including an early badge, constructed of gilded bronze with multi coloured enamels, the obverse consisting of an off white enameled diamond within a gilt border, overlaid by a red enameled five pointed star bearing a gilt coat of arms of the Peoples Republic of Bulgaria, above a gilt banner bearing a black Cyrillic inscription of . , the reverse with a screw and backplate, maker marked for