The MSCC Canada badges with the Morgan shape side view and the red maple leaf in a number of cases left to be desired with regards to quality. This badge is one of them. While the cream Morgan shape is still intact, the red maple leaf is missing, as is the green enamel inside the O of Morgan.
The badge is sold "as is". Compare the looks of the the badge with the yellow Morgan shape. It's up to the buyer to decide whether to leave the maple leaf shape bare, paint it, etc.