This OR cap badge was introduced by the WO in Jan 1896 as Patt 4362A/1896. During the 1st WW there were thousands made by numerous manufacturers involving lots of dies. I have counted 28 and I've called this one1896 Die no 12. I don't know who made it but it dates to 1915/1916. It has a number of slight labour saving details - eg hind legs are fused / unvoided, short mane, short / small tail, the tabs are smaller etc etc.
It looks very new and shiny but that could be lighting !?
Incidentally your description of the inscription as "KING'S" - is wrong as there is no possessive apostrophe. There are numerous variations of the inscription and you need to be accurate.
enjoy !
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