Luftwaffe Observer Badge. Maker P. Meybauer.

Tombak/brass based and in an excellent, probably unworn condition with. The eagle with practically all of the all of the dark oxidised finish. The wreath with all of the silver plate, the high points burnished and all with some patina.
Marked on the reverse of the eagle with the maker „P. Meybauer Berlin“. Even the pin still dark oxidised.
Nice and uncommon variant.