I don't know whether it would have been an issued badge or a sample. They were only worn for a short time. The men apparently did not like the design and wanted a return to the badge used by the RIC. So, they were withdrawn. I don't know if they had a different pattern for senior officers. From your photos it looks a good badge.
As to the value - how long is a piece of string? Genuine RIC and early RUC badges are much sought after, I'll say no more than that.
Dave.
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