Hi Mike
No, I think that you are a very skilled photographer! I've seen these marks on badges before and it's usually just the manufacturer making HUNDREDS of them and the old quality control can slip. Some colours are more prone to this "burn" and transparent red is notoriously fickle.
Please find attached a few large BL 9 carat badges. All were in their presentation cases and one is named.
Apart from "BMCo" mark, they only have "9ct GOLD" stamped on them. The only one that bears a hallmark (for 1927-28 I think) is an unnamed badge. Apologies for the really bad pic of my thumb and finger! I've only shown it to show the position of the hallmark.
As the silver badge had just "SILVER" stamped on it, maybe the expense of getting the badges assayed was too much for the maker!
Anyone like to field a figure for assaying an item like this?
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