Bulgaria, People’s Republic. A Pair Of Nikolai Vaptsarov Naval Academy Graduation Badges Buy Now identified on the cover in

identified on the cover in Serbian

engraved "Dem

and six miscellaneous pilot badges

measuring 50mm (w) x 41mm (h)

208 mm x 295 mm

Bulgaria, People’s Republic. A Pair Of Nikolai Vaptsarov Naval Academy Graduation Badges Buy Now identified on the cover inA 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