Romania, Kingdom. A Military Academy Graduation Badge consisting of a blue enamelled Romanian Cross with clusters of nine gilt rays in eac above the crown are three

above the crown are three links of the Order of Carol I collar chain

a circular white metal medal

A part of what might be a plane wing is on the upper right

This is an extremely well preserved Torpedoboot Jaguar Mützenband/cap tally

measuring 45 mm x 275 mm

Romania, Kingdom. A Military Academy Graduation Badge consisting of a blue enamelled Romanian Cross with clusters of nine gilt rays in eac above the crown are threeThree piece construction, insignia in silver gilt with red, white, blue and black enamels, mounted to a base in silver with red, white and green enamels, the insignia illustrating an eagle with the Romanian coat of arms on its chest, backed by an open ended wreath of laurel leaves and oak leaves and surmounted by the Royal crown, unmarked, measuring 53 mm (w) x 56 mm (h), vertical pinback, intact enamels, extremely fine.