Bad. 1970s Gaunt B’ham mark. These badges have been heavily reproduced.
This design was also used by the Home Guard during the Second World War and can be found with a couple types of authentic smaller Gaunt London mark commensurate to the period.
If you want a cyclist example my advice is seek the kind with a deeply struck scroll where there is limited reverse detail and the slider attachment point is behind the stags head as these seem to be earlier versions. That or the Lambourne type which is from a different die.
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