I am no collector of OSD’s but I know modern repro loops when I see them.
That seller is infamous for disposing of an equally infamous collection of repros and made up badges.
The lack of quality, definition and detail esp to the lettering and mark suggests strongly to me this me this is a cast copy. There are OSD and Essex collectors on here who I’m sure can confirm one way or the other.
In the (unlikely) event it is original it has certainly been refinished (badly) and had modern replacement loops affixed.
I see the badge has sold, if you are buyer I would say be prepared for disappointment.
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