Kriegsabzeichen für Hilfskreuzer or Auxiliary Cruiser badge attributed to Foerster & Barth due to marked examples existing.
Pay particular attention to the areas of fine detail to determine originality when comparing these images to examples you may have in your possesion or you are interested in acquiring. Note that the gold wash can extend to the rear of the badge or not be present as in this case. I would strongly suggest not considering the “Paintjob” when evaluating this particular Aux cruiser badge from this manufacturer.