I find it a little difficult to say if it is good or not, but I am leaning towards the former as well. It has some nasty corrosion or other substance on it and could do with a good clean! I believe most, if not all, one piece badges are ww2 or later. The two piece were usually the earlier ones.
CB
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"We seldom learn the true want of what we have till it is discovered that we can have no more." Sam. Johnson
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