Gents,
I believe also that this is a repro.
It has the same die flaws and the "ugly falling lion" as the badge that Luke shows in his post #5 and link.
I didn't won it on eBay, I was outbid as usual in the very last seconds.
Thank you all for your opinions.
Marinus
EBAY-PARA-REGT - 5.jpeg EBAY-PARA-REGT - 4.jpeg