Cholm Shield on Luftwaffe Cloth. Type Short M.

Iron based and in a very good, unworn condition with all of the silver plate still present.
Not marked but a known variation that is commonly referred to as the short „M“ due to the short central line to the „M“ in Cholm.
Complete with all three prongs, backing plate and typical light brown paper covering.
A very difficult to find shield especially in the Luftwaffe version.