Submarine War Badge (in war material gilt)
Estimated market value:
The Submarine War Badge was founded by Emperor Wilhelm II to reward the meritorious service of U-boat crews during World War I.
The badge was originally awarded to Non-Commissioned Officers and enlisted ranks in recognition of a combat wound or three successful war patrols. Later, the badge criteria was amended to also include personnel who had completed two successful patrols, and who had also rendered a minimum of 150 days of service on the open sea.
There were approximately 5,000 badges conferred in total.
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