Not necessarily, it depends on how a badge is made. Stamped from sheet brass, plated and then lugs soldered is a common production method.
I'm pretty sure I've seen worn and dug up AAC cap badges that clearly show these were plated, but I can't seem to find a picture of that on my pc right now. I will look into this.
AAC cap badges with a slider are in my opinion all replicas.
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