Looking identical to the classic  early 1980s club badge, the 1988 version of the Morgan Car Club of Washington DC badge.
 
After they had a fragile, painted badge in the 1960s/1970s, this was a proper chrome/enamel badge, designed and made by the famous British badge manufacturer Jim Baker.

The version on offer is a limited edition version of presumably 100 copies, with the year 1988 and a 3-digit number stamped on the rear.

The badge has never been used on a car, which is reflected in its condition. Well worth having!
 
Nice to combine with a copy of the club patch.