Very nice open worked badge, issued for the 20th anniversary of the Morgan Club Deutschland, back in 1990. This badge stands out for its design. Not a single other Morgan badge comes close this design.
 
Good copies of this badge are now few and far between. In the time the badge appeared, most led a hard life and no longer survive.. The copy available has been part of a big badge collection and is therefore still excellent.
 
A great find.