I have previously listed this badge as 3VBRH.
I now have a new attribution of 3rd (Militia) Bn Black Watch (Royal Highlanders) 1881-1908. Victorian officer's bonnet badge.
A fine and rare die-struck silver example. Sphinx resting on a blank tablet. Two long silver loops to the reverse, the letter 'S' hand engraved behind the plinth.
Ex Trevor Shaw.
Ex Hugh King.
Ex Bosleys (twice).
Below is a photo of this badge in the T.D.Shaw collection taken in the 1980s at a Crown Imperial event in Sheffield.