The badge in question is identical to the WW2 produced Gaunt badges and has had its lugs removed. This is only the third one I have seen. I have one in my collection and it can be clearly seen where the lugs were. I have examined a second example owned by a former forum member and that also had clearly been relieved of its lugs and replaced with a Gaunt slider.
In my opinion this badge was produced with lugs which were then replaced with a slider for whatever reason but most likely for the slider pocket beret.
It is possible that this badge was produced post war but why remove the lugs and replace them with a slider.
Cheers,
Jack
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