Interesting. I can pretty much say that this picture is of an original badge and, again just an opinion, but being a vitreous enamel effort, it's more or less guaranteed to be "safe".
The notion of a cache of unused, original badges brings to mind my acquisition of 8-10 original unissued DCM League badges, made by Fenwick, some years ago.
I still have a couple left if anyone would like one of these. PM me if keen!
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