Army Paratrooper Badge. Type Juncker, Aluminium.

Aluminium based, and apart from an old repair to the hook, in a good, slightly worn condition. The wreath with practically all of the gilt anodized finish, the eagle with all of the silver finish.
Not marked but a known variation that has been attributed to the company of C.E. Juncker from Berlin. See GCA database.
Difficult to find but Unfortunatly, as nearly always by these delicate badges, with an old repair.